
Escaping from Bad Decisions
A Behavioral Decision-Theoretic Perspective
Description
Key Features
- 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
Readership
Graduate students and early career researchers in economics, decision theory, behavioral economics, experimental economics, psychology, cognitive sciences, and decision neurosciences
Table of Contents
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. Multi-Attribute Decision-Making, Multi-Objective Optimization, and the Additive Conjoint System
7. A Computer Simulation of Cognitive Effort and the Accuracy of Two Stage Decision Strategies in a Multi-Attribute 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. Metacognition and the Multi-Attribute Decision-Making Process
16. The Contingent Focus Model and Bad Decisions
17. An Experiment on, and Psyschometric Analysis of, the Contingent Focus Model
18. The Situated Focus Model and its Relation to Other Theories
19. The Mental Ruler Model: Qualitative and Mathematical Representations of Contingent Judgement
20. How Attention Arises in and Influences Decision-Making
21. Escaping from Bad Decisions and Future Perspectives
Product details
- No. of pages: 542
- Language: English
- Copyright: © Academic Press 2021
- Published: July 27, 2021
- Imprint: Academic Press
- eBook ISBN: 9780128160336
- Paperback ISBN: 9780128160329