Faculty Advisor

Doyle, James K.

Faculty Advisor

Saeed, Khalid

Abstract

A conceptual and historical overview of theories on resource allocation is followed by the construction of a system dynamics model that includes heuristics from psychological research. Heuristics affecting decision making appear to be the most relevant concepts from social psychology for the construction of decision mechanism for people sharing resources. The article provides a basis for future development of decision strategy based on empirical findings in psychology. The developed system dynamics model utilizes heuristics, successfully producing expected patterns of behavior.

Publisher

Worcester Polytechnic Institute

Date Accepted

January 2000

Project Type

Interactive Qualifying Project

Accessibility

Restricted-WPI community only

Advisor Department

Social Science and Policy Studies

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