Dichotomic Alternatives and Informational Statistics for Risk Taking Manager

Abstract:

This paper emphases analogies between second order cybernetics and Pierce’s semiotics concepts applied to management techniques using quantitative methods under the umbrella of Algebraic Isomorphic Structures. It is a new approach of a research study started by Mihăiţă and Negescu (2012) concerning Informational Statistics applied in Cybernetics, and Semiotics’ Concepts in Management also discussed in IBIMA’ conference forum.

This component shows that the uncertainties created by the mystery of the decision-making depend by the doubts created by those chosen to decide and no-one else. It illustrates how combination of simple quantitative methods reveals hidden scenarios and deals with true and false money assignments. It is written like a play, and like a mathematical riddle. Utility for this approach is made for better understanding of what is next to come in the second part of the paper.