eBook - ePub
Escaping from Bad Decisions
A Behavioral Decision-Theoretic Perspective
- 542 pages
- English
- ePUB (mobile friendly)
- Available on iOS & Android
eBook - ePub
About this book
Escaping from Bad Decisions presents a modern conceptual and mathematical framework of the decision-making process. By interpreting ordinal utility theory as normative analysis examined in view of rationality, it shows how decision-making under certainty, risk, and uncertainty can be better understood. It provides a critical examination of psychological models in multi-attribute decision-making, and evaluates the constitutive elements of "good" and "bad" decisions. Multi-attribute decision-making is analysed descriptively, based on the psychological model of decision-making and computer simulations of decision strategies. Finally, prescriptive examinations of multi-attribute decision-making are performed, supporting the argument that decision-making from a pluralistic perspective creates results that can help "escape" from bad decisions.
This book will be of particular interest to graduate students and early career researchers in economics, decision-theory, behavioral economics, experimental economics, psychology, cognitive sciences, and decision neurosciences.
- Provides a comprehensive background to the phenomena of bad decisions, considered in their economic, psychological and cognitive aspects
- Reinterprets existing theories and phenomena and proposes a new overview of decision behaviors by integrating mathematical and psychological perspectives
- Adapts model-based techniques, such as mathematical model based functional magnetic resonance imaging (fMRI) using mathematical models of the decision process
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Please note we cannot support devices running on iOS 13 and Android 7 or earlier. Learn more about using the app.
Yes, you can access Escaping from Bad Decisions by Kazuhisa Takemura in PDF and/or ePUB format, as well as other popular books in Economics & Microeconomics. We have over one million books available in our catalogue for you to explore.
Information
Table of contents
- Title of Book
- Cover image
- Title page
- Table of Contents
- Copyright
- About the author
- Preface
- 1 Introduction: Escaping from bad decisions
- 2 Formal definitions of the worst decisions, best decisions, and bad decisions
- 3 Rational choice, irrational choice, and bad decisions
- 4 Preference ordering and measurement
- 5 Rational preference, irrational preference, and revealed preference
- 6 Multiattribute decision-making, multiobjective optimization, and the additive conjoint system
- 7 A computer simulation of cognitive effort and the accuracy of two-stage decision strategies in a multiattribute decision-making process
- 8 A computer simulation of bad decisions and good decisions: an extended analysis of two-stage decision strategies
- 9 A process tracing study of decision strategies and bad decisions
- 10 A process tracing study of bad decisions: using eye tracking in food decision-making
- 11 Decision strategies and bad group decision-making: a group meeting experiment
- 12 An observational experiment in group decision-making: Can people detect bad group decisions?
- 13 Revisiting the group decision-making experiment
- 14 The detection of bad decisions and a voting experiment
- 15 Situation dependence of group and individual decision making and bad decisions
- 16 The contingent focus model and bad decisions
- 17 An experiment on, and psyschometric analysis of, the contingent focus model
- 18 The contingent focus model and its relation to other theories
- 19 The mental ruler model: Qualitative and mathematical representations of contingent judgment
- 20 How attention arises in and influences decision-making
- 21 Escaping from bad decisions and future perspective
- Author Index
- Subject Index