Modeling and analysis of teams of interacting decisionmakers with bounded rationality
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TL;DR
An information theoretic framework is used in which each team member is described by a two-stage model consisting of situation assessment and response selection stages as well as interconnections with the rest of the organization.
Abstract
A methodology for analyzing and evaluating alternative organizational structures is presented. An information theoretic framework is used in which each team member is described by a two-stage model consisting of situation assessment and response selection stages as well as interconnections with the rest of the organization. The information processing and decisionmaking load of each team member and the measure of organizational performance are depicted in the performance-workload space as implicit functions of the decision strategies of each individual member. The approach to evaluating organizational structures using the methodology for analysis analysis of an organization consisting of two decisionmakers with bounded rationality.