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OR as rational choice: a decision and game theory perspective

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  • R J Ormerod

    (University of Warwick)

Abstract

Social science disciplines have used decision theory and game theory to provide metaphorical understanding and analytical rigour in their particular domains. The paper explores whether a similar perspective can be applied to operational research (OR) in order to provide an integrating theme for both theory and practice. It is argued that, while the methods of OR are instrumentally rational, OR interventions embrace non-instrumental aspects as well. A case study of an application of decision theory is described and analysed from a decision and game theory (DGT) perspective. The case demonstrates that although the model developed was instrumental, the structure and content of the model reflected the normative and communicative aspects of the decision context. The paper concludes that OR could use a DGT perspective as a conceptual framework for the teaching, research and practice of OR.

Suggested Citation

  • R J Ormerod, 2010. "OR as rational choice: a decision and game theory perspective," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 61(12), pages 1761-1776, December.
    • Handle: RePEc:pal:jorsoc:v:61:y:2010:i:12:d:10.1057_jors.2009.146
    DOI: 10.1057/jors.2009.146
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    References listed on IDEAS

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    Cited by:

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    2. Bekius, Femke & Gomes, Sharlene L., 2023. "A framework to design game theory-based interventions for strategic analysis of real-world problems with stakeholders," European Journal of Operational Research, Elsevier, vol. 309(2), pages 925-938.
    3. Ormerod, Richard J. & Ulrich, Werner, 2013. "Operational research and ethics: A literature review," European Journal of Operational Research, Elsevier, vol. 228(2), pages 291-307.
    4. Ormerod, R.J., 2014. "Critical rationalism in practice: Strategies to manage subjectivity in OR investigations," European Journal of Operational Research, Elsevier, vol. 235(3), pages 784-797.
    5. van Antwerpen, Coen & Curtis, Neville J., 2016. "A data collection and presentation methodology for decision support: A case study of hand-held mine detection devices," European Journal of Operational Research, Elsevier, vol. 251(1), pages 237-251.
    6. Meinard, Y. & Tsoukiàs, A., 2019. "On the rationality of decision aiding processes," European Journal of Operational Research, Elsevier, vol. 273(3), pages 1074-1084.
    7. Nikoleta E. Glynatsi & Vincent A. Knight, 2021. "A bibliometric study of research topics, collaboration, and centrality in the iterated prisoner’s dilemma," Palgrave Communications, Palgrave Macmillan, vol. 8(1), pages 1-12, December.

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