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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.

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.

Handbook Of Behavioural Economics And Smart Decision Making

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Author : Morris Altman
language : en
Publisher: Edward Elgar Publishing
Release Date : 2017-05-26

Handbook Of Behavioural Economics And Smart Decision Making written by Morris Altman 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 2017-05-26 with Business & Economics categories.

This Handbook is a unique and original contribution of over thirty chapters on behavioural economics, examining and addressing an important stream of research where the starting assumption is that decision-makers are for the most part relatively smart or rational. This particular approach is in contrast to a theme running through much contemporary work where individuals’ behaviour is deemed irrational, biased, and error-prone, often due to how people are hardwired. In the smart people approach, where errors or biases occur and when social dilemmas arise, more often than not, improving the decision-making environment can repair these problems without hijacking or manipulating the preferences of decision-makers. This book covers a wide-range of themes from micro to macro, including various sub-disciplines within economics such as economic psychology, heuristics, fast and slow-thinking, neuroeconomics, experiments, the capabilities approach, institutional economics, methodology, nudging, ethics, and public policy.

Straight Choices

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Author : Ben R. Newell
language : en
Publisher: Psychology Press
Release Date : 2015-06-12

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 2015-06-12 with Psychology categories.

Should I have this medical treatment or that one? Is this computer a better buy than that one? Should I invest in shares or keep my money under the bed? We all face a perplexing array of decisions every day. Thoroughly revised and updated throughout, the new edition of Straight Choices provides an integrative account of the psychology of decision-making, and shows how psychological research can help us understand our uncertain world. Straight Choices emphasises the relationship between learning and decision-making, arguing that the best way to understand how and why decisions are made is in the context of the learning and knowledge acquisition which precedes them, and the feedback which follows. The mechanisms of learning and the structure of environments in which decisions are made are carefully examined to explore their impact on our choices. The authors then consider whether we are all constrained to fall prey to cognitive biases, or whether, with sufficient exposure, we can find optimal decision strategies and improve our decision making. Featuring three completely new chapters, this edition also contains student-friendly overviews and recommended readings in each chapter. It will be of interest to students and researchers in cognitive psychology, behavioral economics, and the decision sciences, as well as anyone interested in the nature of decision making.

Heuristics And Biases

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Author : Thomas Gilovich
language : en
Publisher: Cambridge University Press
Release Date : 2002-07-08

Heuristics And Biases written by Thomas Gilovich 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 2002-07-08 with Education categories.

This book, first published in 2002, compiles psychologists' best attempts to answer important questions about intuitive judgment.

The Oxford Handbook Of Offender Decision Making

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Author : Wim Bernasco
language : en
Publisher: Oxford University Press
Release Date : 2017-05-08

The Oxford Handbook Of Offender Decision Making written by Wim Bernasco 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 2017-05-08 with Law categories.

Although the issue of offender decision-making pervades almost every discussion of crime and law enforcement, only a few comprehensive texts cover and integrate information about the role of decision-making in crime. The Oxford Handbook of Offender Decision Making provide high-quality reviews of the main paradigms in offender decision-making, such as rational choice theory and dual-process theory. It contains up-to-date reviews of empirical research on decision-making in a wide range of decision types including not only criminal initiation and desistance, but also choice of locations, times, targets, victims, methods as well as large variety crimes including homicide, robbery, domestic violence, burglary, street crime, sexual crimes, and cybercrime. Lastly, it provides in-depth treatments of the major methods used to study offender decision-making, including experiments, observation studies, surveys, offender interviews, and simulations. Comprehensive and authoritative, the Handbook will quickly become the primary source of theoretical, methodological, and empirical knowledge about decision-making as it relates to criminal behavior.

Behavioral Economics And Finance Leadership

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Author : Julia Puaschunder
language : en
Publisher: Springer
Release Date : 2020-11-21

Behavioral Economics And Finance Leadership written by Julia Puaschunder and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-11-21 with Business & Economics categories.

This book explores human decision-making heuristics and studies how nudging and winking can help citizens to make rational choices. By applying the behavioral economics approach to political outcomes, it demonstrates how economics can be employed for the greater societal good. It starts with a review of the current literature on human decision-making failures in Europe and North America, presenting the wide range of nudges and winks developed to curb the harmful consequences of human decision-making fallibility. It then discusses the use of mental heuristics, biases and nudges in the finance domain to benefit economic markets by providing clear communication strategies. Lastly, the author proposes clear leadership and followership directives on nudging in the digital age. This book appeals to scholars and policy makers interested in rational decision-making and the use of nudging and winking in the digital age.

Judgment Decision Making And Embodied Choices

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Author : Markus Raab
language : en
Publisher: Academic Press
Release Date : 2020-10-19

Judgment Decision Making And Embodied Choices written by Markus Raab and has been published by Academic Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-10-19 with Psychology categories.

Judgment, Decision-Making, and Embodied Choices introduces a new concept of embodied choices which take sensorimotor experiences into account when limited time and resources forces a person to make a quick decision. This book combines areas of cognitive psychology and movement science, presenting an integrative approach to understanding human functioning in everyday scenarios. This is the first book focusing on the role of the gut as a second brain, introducing the link to risky behavior. The book's author engages readers by providing real-life experiences and scenarios connecting theory to practice.

Judgment Under Uncertainty

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Author : Daniel Kahneman
language : en
Publisher: Cambridge University Press
Release Date : 1982-04-30

Judgment Under Uncertainty written by Daniel Kahneman 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 1982-04-30 with Psychology categories.

Thirty-five chapters describe various judgmental heuristics and the biases they produce, not only in laboratory experiments, but in important social, medical, and political situations as well. Most review multiple studies or entire subareas rather than describing single experimental studies.

Human Preferences And Risky Choices

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Author : Petko Kusev
language : en
Publisher: Frontiers E-books
Release Date : 2012

Human Preferences And Risky Choices written by Petko Kusev and has been published by Frontiers E-books this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012 with Risk-taking (Psychology) categories.

"There are different views on what preferences for risks are and whether they are indicators of stable, underlying generic cognitive systems. Preferences could be conceived as an attitude towards a set of properties of context, memory and affect - a gauge of how much uncertainty one is willing to tolerate. This Research Topic aims to initiate a discussion on the stability of preferences for risks - as research has shown that different decision domains, response modes, and framing facilitate preference reversals. A consistent claim from behavioural decision researchers is that, contrary to the assumptions of classical economics, preferences are not stable and inherent constructs in individuals but are modified by levels of accessibility in memory, context, decision complexity, and type of psychological processing (e.g., sampling or computational "trade-offs" in processing). For example, in a sampling-based decision-making paradigm it is argued that preferences are not essential for making risky decisions. The existing theoretical and empirical evidence reveals that human preferences are relative and unstable, undermining the predictions of normative theory. Recent theoretical accounts in psychology have expanded the debate further by offering evolutionary models of decision-making under risk. While most of the researcher has explored optimisation goals (traditionally assumed in economics), evolutionary psychology has promoted adaptation-driven processes for risky choices. Moreover, we have witnessed a renaissance of preferences as affect rather than as a construct with psycho-economical properties. Although behavioural decision research is still engaged in challenging the foundation of economic theory, at present, opinions seem less unified as to whether preferences reflect common psychological constructs. The Research Topic will focus on human preferences and risky choices. Topics include: Normative, descriptive and experience-based decision making, Preference reversals, Accessibility in memory, Context dependence, Psychological processing (including i) probabilities, utilities, computations and 'trade-offs', and ii) sampling), Affect, and Evolutionary accounts." -- Provided by publisher.

Decisions Preferences And Heuristics

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