Odisha Journal Of Social Science - V1-IS1

How do we make a decision? Many decision makers have a tendency to seek more information than required to make a good decision. When too much information is sought and obtained, one or more of several problems can arise. A delay in decision occurs because of time required to obtain and process extra information. This delay could impair effectiveness of decision or solution. Information overload will occur. In this state, so much information is available that decision-making ability actually declines because information in its entirety can no longer be managed or assessed appropriately. A major problem caused by information overload is forgetfulness. When too much information is taken into memory, especially in a short period, some information (often that received early on) will be pushed out.

If further proof were needed of the vanity of management, neuro-management provides one more piece of evidence. Neuromanagement seeks to explain human decision-making, ability to process multiple alternatives and choose an optimal course of action. It studies how management behavior shape understanding of brain and guide models of management via. neuroscience, experimental and neuro management and cognitive and organizational management. As research in decision-making behavior becomes computational, it incorporates approaches from theoretical biology, computer science and mathematics. Deciphering brain - environment transactions requires mechanistic understandings of neurobiological processes that implement value-dependent decision-making. Humans define goals for information processing in computers, whereas goals for biological brains are determined by need for survival in uncertain and competitive environments. What then are the coherent brain dynamics underlying prediction, control and decision-making?

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