By Gideon Keren, George Wu
"This two-volume reference is a entire, updated exam of an important concept, innovations, methodological methods, and purposes within the burgeoning box of judgment and determination making (JDM). Brings jointly a multi-disciplinary team of participants from around the social sciences, together with psychology, economics, advertising, finance, public coverage, sociology, and philosophy Provides available, crucial details, whole with the most recent learn and references, for specialists and non-experts alike in volumes Emphasizes the expansion of JDM functions with separate chapters dedicated to scientific determination making, choice making and the legislations, shopper habit, and extra Addresses arguable subject matters (such as selection from description vs. selection from adventure and contrasts among empirical methodologies hired in behavioral economics and psychology) from a number of views "--
"A entire, updated exam of an important conception, ideas, methodological ways, and purposes within the burgeoning box of judgment and choice making"-- Read more...
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Extra resources for The Wiley-Blackwell handbook of judgment and decision making
Journal of Experimental Psychology: Human Perception and Performance, 7(4), 928. A Bird’s-Eye View of the History of Judgment and Decision Making 29 Clemen, R. T. (2008). Improving and measuring the effectiveness of decision analysis: Linking decision analysis and behavioral decision research. In T. Kugler, J. C. Smith, T. ‐J. ), Decision modeling and behavior in complex and uncertain environments (pp. 3–31). New York, NY: Springer. Cliff, N. (1992). Abstract measurement theory and the revolution that never happened.
Chapter 28 (2015) shows the enormous influence of behavioral economics on just about every subfield of economics. The topic of Chapter 25 (1988) is risk perception. Risk perception is the study of the subjective perception of hazards and risks such as nuclear accidents or a ccidents involving motor vehicles. Slovic (1987) published an influential review article on risk perception, putting forth the puzzle of the large gap between lay and expert perceptions of risk. Part of this gap can be explained by the influence of some of the heuristics and biases proposed by Kahneman and Tversky (Chapter 3, 1988), but much of this gap is due to other factors that influence lay perceptions of risk, such as controllability or the catastrophic potential of a risk (see also Johnson & Tversky, 1983).
1994). Exploring the “planning fallacy”: Why people underestimate their task completion times. Journal of Personality & Social Psychology, 67, 366–381. Busemeyer, J. , & Townsend, J. T. (1993). Decision field theory: A dynamic‐cognitive approach to decision making in an uncertain environment. Psychological Review, 100(3), 432–459. Camerer, C. F. (2003). Behavioral game theory: experiments in strategic interaction. Princeton, NJ: Princeton University Press. Camerer, C. , & Johnson, E. J. (1991).