Lee Roy Beach. "Image theory: An alternative to normative decision theory." NA-Advances in Consumer Research Volume 20 (1993).
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To begin, image theory assumes that decision makers use three different schematic knowledge structures to organize their thinking about decisions. These structures are called images, in deference to Miller, Galanter, and Pribram (1960), whose work inspired image theory. The first of the three is the value image, the constituents of which are the decision maker's principles. These are the imperatives for his or her behavior or the behavior of the organization of which he or she is a member and serve as rigid criteria for the rightness or wrongness of any particular decision about a goal or plan. Principles serve to internally generate candidate goals and plans for possible adoption, and they guide decisions about externally generated candidate goals and plans. The second image is the trajectory image, the constituents of which are previously adopted goals. This image represents what the decision maker hopes he, she or the organization will become and achieve. Goals can be concrete, specific events (getting the money to buy a new Honda Accord DX) or abstract states (achieving a successful career). The goal agendum is called the trajectory image to convey the idea of extension, the decision maker's vision of the ideal future. The third image is the strategic image, the constituents of which are the various plans that have been adopted for achieving the goals on the trajectory image. Each plan is an abstract sequence of potential activities beginning with goal adoption and ending with goal attainment...

— Lee Roy Beach on Image theory

What It Means

This is a placeholder explanation generated by the low-overhead model. It interprets "To begin, image theory assumes that decision makers use three different schematic knowledge structures to organize their thinking about decisions. These structures are called images, in deference to Miller, Galanter, and Pribram (1960), whose work inspired image theory. The first of the three is the value image, the constituents of which are the decision maker's principles. These are the imperatives for his or her behavior or the behavior of the organization of which he or she is a member and serve as rigid criteria for the rightness or wrongness of any particular decision about a goal or plan. Principles serve to internally generate candidate goals and plans for possible adoption, and they guide decisions about externally generated candidate goals and plans. The second image is the trajectory image, the constituents of which are previously adopted goals. This image represents what the decision maker hopes he, she or the organization will become and achieve. Goals can be concrete, specific events (getting the money to buy a new Honda Accord DX) or abstract states (achieving a successful career). The goal agendum is called the trajectory image to convey the idea of extension, the decision maker's vision of the ideal future. The third image is the strategic image, the constituents of which are the various plans that have been adopted for achieving the goals on the trajectory image. Each plan is an abstract sequence of potential activities beginning with goal adoption and ending with goal attainment..." in the context of "Lee Roy Beach. "Image theory: An alternative to normative decision theory." NA-Advances in Consumer Research Volume 20 (1993)." to mean that wisdom is timeless.

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About Lee Roy Beach

Lee Roy Beach (born 1936) is an American psychologist and Emeritus Professor of Management at the Eller College of Business, University of Arizona, known for his work in on the theory of the mind, the theory of narrative thought, and image theory.