Development of Decision Science and Economics
Liu Zuo-yi
Abstract
Liu Zuo-yi
Abstract
The differences between decision-making,game and optimization problems were explained and the relationship between decision science and the classic economics was discussed.The effects of the newly emerging fields in economics,experimental economics and behavioral economics on decision science were investigated.It is suggested that the theoretical basis is common to decision science,the classic economics and the both of them is being developed and amended by experimental economics and behavioral economics.
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The differences between decision-making,game and optimization problems were explained and the relationship between decision science and the classic economics was discussed.The effects of the newly emerging fields in economics,experimental economics and behavioral economics on decision science were investigated.It is suggested that the theoretical basis is common to decision science,the classic economics and the both of them is being developed and amended by experimental economics and behavioral economics.
Key concepts: Experimental economics, Managerial economics, Behavioral economics, Complexity economics, Applied economics, Economics, Heterodox economics, Positive economics