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Concluding remarks and neglected decisions

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Managerial Economics
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Abstract

The necessary conclusion to any book on decision-making must be that the theory of decisions needs to be combined with practical experience before it can become operationally useful. This may seem a meagre reward for the effort involved in reaching this far — but any higher expectations are the result of a false illusion. This book is not a do-it-yourself guide to company chairmanship, but the embodiment of a belief that a logical and structured approach to decision problems, taking proper cognisance of the realistic constraints imposed by the decision environment, will ultimately lead to better decisions.

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© 1989 Stephen Hill

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Hill, S. (1989). Concluding remarks and neglected decisions. In: Managerial Economics. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-19852-8_14

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