Behavioral Decision Theory

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Behavioral Decision Theory
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Author : Kazuhisa Takemura
language : en
Publisher: Springer Nature
Release Date : 2021-09-29
Behavioral Decision Theory written by Kazuhisa Takemura and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-09-29 with Business & Economics categories.
This book is the second edition of Behavioral Decision Theory, published in 2014. The main approach and structure of this book have been retained in the new edition. However, this second edition provides a fresh overview of the idea of behavioral decision theory and related research findings such as theoretical and empirical discoveries of preference formation, time discounting, social interaction, and social decision making. The book covers a wide range from classical to relatively recent major studies concerning behavioral decision theory, which, in brief, is a general term for descriptive theories to explain the psychological knowledge related to people’s decision-making behavior. It is called a theory but is actually a combination of various psychological theories, for which no axiomatic systems—such as those associated with the utility theory widely used in economics—have been established. The utility theory is often limited to qualitative knowledge; however, as the studies of Nobel laureates H. A. Simon, D. Kahneman, and R. Thaler have suggested, the psychological methodology and knowledge of behavioral decision theory have been applied widely in such fields as economics, business administration, and engineering and are expected to become even more useful in the future. Research into people’s decision making represents an important part in those fields, various aspects of which overlap with the scope of behavioral decision theory. This theory is closely related to behavioral economics and behavioral finance, which have come into greater use in recent years. This book will appeal especially to graduate students, advanced undergraduate students, and researchers who are interested in decision-making phenomena.
Behavioral Decision Theory
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Author : E. C. Poulton
language : en
Publisher: Cambridge University Press
Release Date : 1994-09-30
Behavioral Decision Theory written by E. C. Poulton and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1994-09-30 with Mathematics categories.
The book describes the errors that people commonly make in dealing with probabilities. They include both the errors that are now well recognised like overconfidence, and the errors that investigators may themselves introduce without realising it.
Behavioral Decision Making
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Author : George Wright
language : en
Publisher: Springer Science & Business Media
Release Date : 2013-03-11
Behavioral Decision Making written by George Wright and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-03-11 with Psychology categories.
Behavioral Decision Theory
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Author : George Wright
language : en
Publisher: Sage Publications (CA)
Release Date : 1984
Behavioral Decision Theory written by George Wright and has been published by Sage Publications (CA) this book supported file pdf, txt, epub, kindle and other format this book has been release on 1984 with Education categories.
Real World Decision Making
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Author : Morris Altman
language : en
Publisher: Bloomsbury Publishing USA
Release Date : 2015-06-23
Real World Decision Making written by Morris Altman and has been published by Bloomsbury Publishing USA this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-06-23 with Business & Economics categories.
The first and only encyclopedia to focus on the economic and financial behaviors of consumers, investors, and organizations, including an exploration of how people make good—and bad—economic decisions. Traditional economic theories speculate how and when people should spend money. But consumers don't always behave as expected and often adopt strategies that might appear unorthodox yet are, at times, more effective than the rule prescribed by conventional wisdom. This groundbreaking text examines the ways in which people make financial decisions, whether it is because they are smart but atypical in their choices ... or just irrational decision makers. A leading authority on behavioral economics, Morris Altman and more than 150 expert contributors delve into key concepts in behavioral economics, economic psychology, behavioral finance, neuroeconomics, experimental economics, and institutional economics to help inform economic models based on reality, not theory. Through 250 informative entries, the book explores various aspects of the subject including decision making, economic analysis, and public policy. In addition to introducing concepts to readers new to the subject, the book sheds light on more advanced financial topics in a manner that is objective, comprehensive, and accessible.
Judgment And Decision Making
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Author : Baruch Fischhoff
language : en
Publisher: Routledge
Release Date : 2013-06-17
Judgment And Decision Making written by Baruch Fischhoff and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-06-17 with Science categories.
Behavioral decision research offers a distinctive approach to understanding and improving decision making. It combines theory and method from multiple disciples (psychology, economics, statistics, decision theory, management science). It employs both empirical methods, to study how decisions are actually made, and analytical ones, to study how decisions should be made and how consequential imperfections are. This book brings together key publications, selected to represent the major topics and approaches used in the field. Put in one place, with integrating commentary, it shows the common elements in a research program that represents the scope of the field, while offering depth in each. Together, they provide a vision for what has become a burgeoning field.
Neuroeconomic And Behavioral Aspects Of Decision Making
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Author : Kesra Nermend
language : en
Publisher: Springer
Release Date : 2017-10-06
Neuroeconomic And Behavioral Aspects Of Decision Making written by Kesra Nermend and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-10-06 with Business & Economics categories.
This proceedings volume presents the latest scientific research and trends in experimental economics, with particular focus on neuroeconomics. Derived from the 2016 Computational Methods in Experimental Economics (CMEE) conference held in Szczecin, Poland, this book features research and analysis of novel computational methods in neuroeconomics. Neuroeconomics is an interdisciplinary field that combines neuroscience, psychology and economics to build a comprehensive theory of decision making. At its core, neuroeconomics analyzes the decision-making process not only in terms of external conditions or psychological aspects, but also from the neuronal point of view by examining the cerebral conditions of decision making. The application of IT enhances the possibilities of conducting such analyses. Such studies are now performed by software that provides interaction among all the participants and possibilities to register their reactions more accurately. This book examines some of these applications and methods. Featuring contributions on both theory and application, this book is of interest to researchers, students, academics and professionals interested in experimental economics, neuroeconomics and behavioral economics.
Behavioral Finance And Decision Making Models
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Author : Tripti Tripathi
language : en
Publisher: Business Science Reference
Release Date : 2019
Behavioral Finance And Decision Making Models written by Tripti Tripathi and has been published by Business Science Reference this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019 with Business & Economics categories.
Behavioral finance challenges the traditional assumption that individuals are rational by focusing on the cognitive and emotional aspects of finance, which draws on psychology, sociology, and biology to investigate true financial behavior. The financial sector requires sound understanding of market dynamics and strategic issues to meet future challenges in the field. Behavioral Finance and Decision-Making Models seeks to examine behavioral biases and their impact on investment decisions in order to develop better future plans and strategies in the financial sector. While highlighting topics including behavioral approach, financial regulation, and globalized sector, this book is intended for policymakers, technology developers, managers, government officials, academicians, researchers, and advanced-level students.