Examlex
The Ho & Lee (1986) model directly models the following on a binomial tree:
Ambiguity
Ambiguity refers to the quality of being open to more than one interpretation, lack of clarity or definiteness, which can lead to confusion or misunderstanding in communication or decision-making.
Bounded Rationality
The concept that decision-making is limited by the information available, cognitive limitations of the mind, and the finite amount of time available to make a decision.
Organizational Settings
The physical and social environment in which organizational activities occur, including structures, culture, and processes.
Creativity
The ability to generate or recognize ideas, alternatives, or possibilities that may be useful in solving problems, communicating with others, and entertaining ourselves and others.
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