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The paper explores the relationship between two logics, effectuation and causation, that are central to decision-making in uncertain environments. The authors argue that these two logics are closely related but have distinct differences. They propose a new framework called the "adaptive loop" to understand how individuals use both logics together to make decisions. The loop consists of three stages: sensing, interpreting, and acting. The authors demonstrate how this framework can be applied to various decision-making situations and help researchers better understand complex decision-making processes. However, the authors acknowledge some limitations, such as the potential for other logics or heuristics to influence decision-making, and cultural or contextual factors that may affect the use of effectuation and causation. Overall, the paper offers a valuable contribution to understanding the interplay between these two logics in decision-making.
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The paper explores the relationship between two logics, effectuation and causation, that are central to decision-making in uncertain environments. The authors argue that these two logics are closely related but have distinct differences. They propose a new framework called the "adaptive loop" to understand how individuals use both logics together to make decisions. The loop consists of three stages: sensing, interpreting, and acting. The authors demonstrate how this framework can be applied to various decision-making situations and help researchers better understand complex decision-making processes. However, the authors acknowledge some limitations, such as the potential for other logics or heuristics to influence decision-making, and cultural or contextual factors that may affect the use of effectuation and causation. Overall, the paper offers a valuable contribution to understanding the interplay between these two logics in decision-making.
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Havaozina ho PRO US$ 7.0/m
Tsy misy fiasa voafetra
None
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The paper explores the relationship between two logics, effectuation and causation, that are central to decision-making in uncertain environments. The authors argue that these tw…
The paper explores the relationship between two logics, effectuation and causation, that are central to decision-making in uncertain environments. The authors argue that these tw…
The article provides an overview of the concept of entrepreneurial ecosystems, which refers to the network of individuals, organizations, and resources that support and foster en…
The authors discuss the relationship between education, state, and society in the context of globalization and economic growth. They argue that the trend towards labor market excl…
In this article, the author discusses the concept of "six degrees of separation" and how it can impact our financial decisions. The author recounts a conversation with a corporate…
Investing in a panic can lead to poor decision making, so it's important to have a well-thought-out investment plan and stick to it. Automating your investments through a rules-ba…
The text discusses the limitations of human decision-making processes due to cognitive biases and limitations, which are addressed through ten recommendations for reducing biases…
Classical conditioning is a theory that explains how something leads to a response without any actual cause-and-effect relationship, while operant conditioning focuses on creatin…
The article stresses the significance of decision-making tools in business settings, highlighting their limitations in predicting outcomes. The authors propose a diversified tool…
The paper proposes a new framework for understanding the relationship between control and predictability in entrepreneurial decision-making. The authors argue that these two aspe…
This paper explores the damaging effects that culture, history, and artistic expression have had on England's theater. It delves into the paradoxical landscape of English theater,…
The article discusses the Consumer Decision Making Process, a model used to understand how customers make purchasing decisions. The model consists of five stages: Problem Recognit…
The paper "Effectuation vs Causation: A Comparative Analysis of Two Logics" by Michael Frese and colleagues contrasts two logics: effectuation and causation. Effectuation is a lo…
The text discusses the relationship between the economic growth of countries and the value of football clubs from 2010 to 2022, focusing on the impact of the COVID-19 pandemic. T…
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