Escaping from Bad Decisions
A Behavioral Decision-Theoretic Perspective
Häftad, Engelska, 2021
Av Kazuhisa Takemura, Japan) Takemura, Kazuhisa (Professor of Psychology and Economics, and Director, Center for Decision Research, Waseda University
1 959 kr
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
Produktinformation
- Utgivningsdatum2021-07-30
- Mått152 x 229 x 30 mm
- Vikt450 g
- FormatHäftad
- SpråkEngelska
- SeriePerspectives in Behavioral Economics and the Economics of Behavior
- Antal sidor542
- FörlagElsevier Science
- ISBN9780128160329
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