The Evaluation of Information in Organizations
Abstract
In an organization, individuals typically differ in at least three important respects: (1) they control different action variables, (2) they base their decisions on different information, (3) they have different goals. Thus it would seem that the theory of games provides the most suitable mathematical framework for the study of organizations. However, many interesting aspects of organizations are related to differences of types (1) and (2) only. Furthermore, in some cases the members of the organization may have nearly identical goals; or, as in the case of organizing machines, it may be appropriate to consider only the goal of the organizer. Finally, in its present state of development, the theory of games of more than two persons does not appear to provide many clues as to how to proceed in a general analysis of organizations.
Document Details
- Document Type
- Technical Report
- Publication Date
- Jan 01, 1961
- Accession Number
- AD1027758
Entities
People
- Roy Radner
Organizations
- University of California, Berkeley