ISiM Special Lecture (4)
Decision Making and Information Systems
Prof. H. Raghav Rao
School of Management, MIS
Adjunct Faculty, Computer Science & Engineering
Director, Dept. of Management Science & Systems
University at Buffalo, State University of New York
Co-Editor-in-Chief, Information Systems Frontiers
Abstract of the Talk
The International School of Information Management (ISiM), University of Mysore had organised a special lecture by Prof. Raghav Rao, Professor, School of Management, MIS, University at Buffalo, State University of New York on 10th of December at 3.00 p.m. at the ISiM premises.
Prof. Rao in his talk brought out the hidden side of apparently unrelated phenomenon to high light the importance of using information for good decision making. In his talk, entitled “Decision Making and Information System” Rao started telling stories about the following –
Drawing upon the stories /observed phenomenon from couple of famous books such as Levitt and Dubner‘s Freakonomics to movies such as ‘Catch me if you can’ the talk brilliantly connected the above six stories and their underlying tenets of information systems, availability and integrity of information. It is all about the economics of information and behavioural economics. In all of the above scenarios, good decision making was tied to efficient information system design and implementation. Read more....