Decision Making

MICHAL SKOREPA is a Lecturer in Decision Research and Behavioral Economics at the Institute for Economic Studies, Charles University, Prague, Czech Republic, where he received his PhD. He has been teaching a course based on the material in this textbook for over a decade. Currently he is an Advisor to the Vice-Governor of the Czech National Bank, and he is President of the Czech Economic Society.

• PART I: FUNDAMENTALSIntroduction and MotivationBasic ConceptsAn Overview of the Main Areas of Decision ScienceHistory of Research on Decision-makingMethodology of Decision ScienceSelected Decision MaximsPART II: MODELS AND FINDINGSInductive Reasoning I Generalization and SamplingInductive Reasoning II ForecastingInductive Reasoning III Influenceof ComparingComparing in General I Types of UtilitiesComparing in General II Reference DependenceComparing I Multiple States of the WorldComparing II Multiple PeriodsBibliographyIndex.

"This book thoroughly describes and discusses important behavioural models of individual economic decision making. It will be useful to students and researchers within economics and related social sciences who wish to understand the many important results and insights from this exciting research area." Anders Poulsen, Lecturer in Economics, School of Economics, University of East Anglia