Decisions Preferences And Heuristics
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Decisions Preferences And Heuristics
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Author : Pere Mir-Artigues
language : en
Publisher: Edward Elgar Publishing
Release Date : 2023-08-14
Decisions Preferences And Heuristics written by Pere Mir-Artigues and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-08-14 with Business & Economics categories.
This enlightening book comprehensively maps the current state of economic psychology and behavioural economics. Exploring key concepts, topics and models in the field, it is also a launching pad for future research and provides useful insights on how good personal and professional decisions can be made, advancing microeconomic discourse.
Decisions Preferences And Heuristics
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Author : PERE. MIR-ARTIGUES
language : en
Publisher:
Release Date : 2024-08-28
Decisions Preferences And Heuristics written by PERE. MIR-ARTIGUES and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-08-28 with Business & Economics categories.
This enlightening book comprehensively maps the current state of economic psychology and behavioural economics. Exploring key concepts, topics and models in the field, it is also a launching pad for future research, providing useful insights on how to make good personal and professional decisions, advancing microeconomic discourse. The book lays out how economic decisions are made by answering key questions in the bordering field between economics and psychology. Close to the ecological rationality research program, it presents the main factors that determine economic choices, before exploring the most common algorithms used to concretize economic decisions and the main strategies for altering preferences. Chapters focus on the general issues surrounding economic choices, such as preferences, beliefs, emotions, and restrictions, and on the heuristic algorithms, including outstanding social ones, applied by people in decision-making processes. Drawing these elements together, the author presents a seminal model combining preferences and heuristics to explain choices in the consumption of goods and services. This book will be an invaluable resource for academic and professional economists seeking to deepen their understanding of the psychological dimension of economic decisions. It will also be a useful guide for students of economics, management and the wider social sciences curious about decision-making procedures.
Making Decisions That Matter
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Author : Kathleen M. Galotti
language : en
Publisher: Psychology Press
Release Date : 2005-07-11
Making Decisions That Matter written by Kathleen M. Galotti and has been published by Psychology Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005-07-11 with Business & Economics categories.
The goal of this book is to describe ongoing research that examines real people making real decsions, and compares it with theoretical predications to provide readers with "food for thought" when it comes to their own decision making & to point out quest
Bounded Rationality
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Author : Sanjit Dhami
language : en
Publisher: MIT Press
Release Date : 2022-07-12
Bounded Rationality written by Sanjit Dhami and has been published by MIT Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-07-12 with Business & Economics categories.
Two leaders in the field explore the foundations of bounded rationality and its effects on choices by individuals, firms, and the government. Bounded rationality recognizes that human behavior departs from the perfect rationality assumed by neoclassical economics. In this book, Sanjit Dhami and Cass R. Sunstein explore the foundations of bounded rationality and consider the implications of this approach for public policy and law, in particular for questions about choice, welfare, and freedom. The authors, both recognized as experts in the field, cover a wide range of empirical findings and assess theoretical work that attempts to explain those findings. Their presentation is comprehensive, coherent, and lucid, with even the most technical material explained accessibly. They not only offer observations and commentary on the existing literature but also explore new insights, ideas, and connections. After examining the traditional neoclassical framework, which they refer to as the Bayesian rationality approach (BRA), and its empirical issues, Dhami and Sunstein offer a detailed account of bounded rationality and how it can be incorporated into the social and behavioral sciences. They also discuss a set of models of heuristics-based choice and the philosophical foundations of behavioral economics. Finally, they examine libertarian paternalism and its strategies of “nudges.”
Straight Choices
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Author : Ben R. Newell
language : en
Publisher: Psychology Press
Release Date : 2007-08-07
Straight Choices written by Ben R. Newell and has been published by Psychology Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-08-07 with Psychology categories.
We all face a perplexing array of decisions every day. Straight Choices provides an integrative account of the psychology of decision making, in which clear connections are made between empirical results and how these results can help us to understand our uncertain world. Throughout the text, there is an emphasis on the relationship between learning and decision making. The authors argue that the best way to understand how and why decisions are made is in the context of the learning and knowledge acquisition that precedes them and the feedback that follows them. The mechanisms of learning and the structure of environments in which decisions are made are carefully examined to explore the ways in which they act on our choices. From this, the authors go on to consider whether we are all constrained to fall prey to biases or whether with sufficient exposure can we find optimal decision strategies and improve our decision making. This novel approach integrates findings from the decision and learning literatures to provide a unique perspective on the psychology of decision making. It will be of interest to researchers and students in cognitive psychology, as well as researchers in economics and philosophy interested in the nature of decision making.
Handbook Of Social Cognition Applications
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Author : Robert S. Wyer
language : en
Publisher: Psychology Press
Release Date : 1994
Handbook Of Social Cognition Applications written by Robert S. Wyer and has been published by Psychology Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1994 with Psychology categories.
This edition of the Handbook follows the first edition by 10 years. The earlier edition was a promissory note, presaging the directions in which the then-emerging field of social cognition was likely to move. The field was then in its infancy and the areas of research and theory that came to dominate the field during the next decade were only beginning to surface. The concepts and methods used had frequently been borrowed from cognitive psychology and had been applied to phenomena in a very limited number of areas. Nevertheless, social cognition promised to develop rapidly into an important area of psychological inquiry that would ultimately have an impact on not only several areas of psychology but other fields as well. The promises made by the earlier edition have generally been fulfilled. Since its publication, social cognition has become one of the most active areas of research in the entire field of psychology; its influence has extended to health and clinical psychology, and personality, as well as to political science, organizational behavior, and marketing and consumer behavior. The impact of social cognition theory and research within a very short period of time is incontrovertible. The present volumes provide a comprehensive and detailed review of the theoretical and empirical work that has been performed during these years, and of its implications for information processing in a wide variety of domains. The handbook is divided into two volumes. The first provides an overview of basic research and theory in social information processing, covering the automatic and controlled processing of information and its implications for how information is encoded and stored in memory, the mental representation of persons -- including oneself -- and events, the role of procedural knowledge in information processing, inference processes, and response processes. Special attention is given to the cognitive determinants and consequences of affect and emotion. The second book provides detailed discussions of the role of information processing in specific areas such as stereotyping; communication and persuasion; political judgment; close relationships; organizational, clinical and health psychology; and consumer behavior. The contributors are theorists and researchers who have themselves carried out important studies in the areas to which their chapters pertain. In combination, the contents of this two-volume set provide a sophisticated and in-depth treatment of both theory and research in this major area of psychological inquiry and the directions in which it is likely to proceed in the future.
The Construction Of Preference
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Author : Sarah Lichtenstein
language : en
Publisher: Cambridge University Press
Release Date : 2006-08-28
The Construction Of Preference written by Sarah Lichtenstein 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 2006-08-28 with Psychology categories.
One of the main themes that has emerged from behavioral decision research during the past three decades is the view that people's preferences are often constructed in the process of elicitation. This idea is derived from studies demonstrating that normatively equivalent methods of elicitation (e.g., choice and pricing) give rise to systematically different responses. These preference reversals violate the principle of procedure invariance that is fundamental to all theories of rational choice. If different elicitation procedures produce different orderings of options, how can preferences be defined and in what sense do they exist? This book shows not only the historical roots of preference construction but also the blossoming of the concept within psychology, law, marketing, philosophy, environmental policy, and economics. Decision making is now understood to be a highly contingent form of information processing, sensitive to task complexity, time pressure, response mode, framing, reference points, and other contextual factors.
Simple Heuristics That Make Us Smart
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Author : Gerd Gigerenzer
language : en
Publisher: Oxford University Press
Release Date : 2000-10-12
Simple Heuristics That Make Us Smart written by Gerd Gigerenzer and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000-10-12 with Psychology categories.
Simple Heuristics That Make Us Smart invites readers to embark on a new journey into a land of rationality that differs from the familiar territory of cognitive science and economics. Traditional views of rationality tend to see decision makers as possessing superhuman powers of reason, limitless knowledge, and all of eternity in which to ponder choices. To understand decisions in the real world, we need a different, more psychologically plausible notion of rationality, and this book provides it. It is about fast and frugal heuristics--simple rules for making decisions when time is pressing and deep thought an unaffordable luxury. These heuristics can enable both living organisms and artificial systems to make smart choices, classifications, and predictions by employing bounded rationality. But when and how can such fast and frugal heuristics work? Can judgments based simply on one good reason be as accurate as those based on many reasons? Could less knowledge even lead to systematically better predictions than more knowledge? Simple Heuristics explores these questions, developing computational models of heuristics and testing them through experiments and analyses. It shows how fast and frugal heuristics can produce adaptive decisions in situations as varied as choosing a mate, dividing resources among offspring, predicting high school drop out rates, and playing the stock market. As an interdisciplinary work that is both useful and engaging, this book will appeal to a wide audience. It is ideal for researchers in cognitive psychology, evolutionary psychology, and cognitive science, as well as in economics and artificial intelligence. It will also inspire anyone interested in simply making good decisions.
Judgement And Choice Perspectives On The Work Of Daniel Kahneman
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Author : Daniel Kahneman
language : en
Publisher: Psychology Press
Release Date : 2020-10-28
Judgement And Choice Perspectives On The Work Of Daniel Kahneman written by Daniel Kahneman and has been published by Psychology Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-10-28 with Education categories.
The work of Daniel Kahneman and Amos Tversky has transformed the study of judgment and decision-making, and penetrated related disciplines such as economics, finance, marketing, law and medicine. In recognition of these achievements, Kahneman was awarded the Nobel Prize for Economics in 2003. This special issue presents ongoing research inspired by both Kahneman and Tversky. It covers many of the central themes the heuristics and biases of judgment and prediction, framing effects, assessments and predictions of utility that made their work so innovative. The specially written papers illustrate the range and depth of this work, and emphasise its continued relevance to current research.
Administrative Decision Making
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Author : William J. Gore
language : en
Publisher:
Release Date : 1964
Administrative Decision Making written by William J. Gore and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1964 with Decision-making categories.