provides a glimpse at the many approaches that have been taken in the study of judgment and decision making, including bounded rationality, computational modelling, and the heuristics and biases approach
portrays the major findings in the field and covers topics such as probablistic reasoning, hypothesis testing, multiattribute choice, and decision making under risk and uncertainty
presents examinations of the broader roles of social, emotional, and cultural influences on decision making
explores applications of judgment and decision–making research to important problems in a variety of professional contexts, including finance, accounting, medicine, public policy, and the law.
List of Figures and Tables.
Part I: Approaches:.
1. Rationality and the Normative/Descriptive Distinction: David Over (University Of Sunderland).
2. Normative Models of Judgment and Decision Making: Jonathan Baron (University Of Pennsylvania).
3. Social Judgment Theory: Applying and Extending Brunswik s Probabilistic Functionalism: William M. Goldstein (University Of Chicago).
4. Fast and Frugal Heuristics: The Tools of Bounded Rationality: Gerd Gigerenzer (Max Planck Institute For Human Development).
5. Yet Another Look at the Heuristics and Biases Approach: Gideon Keren (Eindhoven University Of Technology) And Karl H. Teigen (University Of Oslo).
6. Walking with the Scarecrow: The Information–Processing Approach to Decision Research: John W. Payne And James R. Bettman (both Duke University).
7. Computational Models Of Decision Making: Jerome R. Busemeyer (Indiana University) and Joseph G. Johnson (Miami University).
Part II: Judgments:.
8. Inside and Outside Probability Judgment: David A. Lagnado (University College London) and Steven A. Sloman (Brown University).
9. Perspectives on Probability Judgment Calibration: Dale Griffin (University Of British Columbia) and Lyle Brenner (University Of Florida).
10. Hypothesis Testing and Evaluation: Craig R. M. Mckenzie (University Of California, San Diego).
11. Judging Covariation and Causation: David R. Shanks (University College London).
12. A Tale of Tuned Decks? Anchoring as Accessibility and Anchoring as Adjustment: Nicholas Epley (University of Chicago).
13. Twisted Pair: Counterfactual Thinking and the Hindsight Bias: Neal J. Roese (University Of Illinois).
14. Forecasting and Scenario Planning: The Challenges of Uncertainty and Complexity: Paul J. H. Schoemaker (University of Pennsylvania).
15. Expertise in Judgment and Decision Making: A Case for Training Intuitive Decision Skills: Jennifer K. Phillips, Gary Klein, and Winston R. Sieck (all Klein Associates).
16. Debiasing: Richard P. Larrick (Duke University).
Part III: Decisions:.
17. Context and Conflict in Multiattribute Choice: Eldar Shafir (Princeton University) and Robyn A. Leboeuf (University of Florida).
18. Internal and Substantive Inconsistencies in Decision–Making: Christopher K. Hsee (University of Chicago), Jiao Zhang (University of Chicago), and Chen Junsong (China Europe International Business School).
19. Framing, Loss Aversion, and Mental Accounting: Dilip Soman (University of Toronto).
20. Decision Under Risk: George Wu (University Of Chicago), Jiao Zhang (University Of Chicago), and Richard Gonzalez (University of Michigan).
21. Intertemporal Choice: Daniel Read (University of Durham).
22. The Connections between Affect and Decision Making: Nine Resulting Phenomena: Yuval Rottenstreich And Suzanne Shu (both University of Chicago).
23. Group Decision and Deliberation: A Distributed Detection Process: Robert D. Sorkin, Shenghua Luan, and Jesse Itzkowitz (all University Of Florida).
24. Behavioral Game Theory: Simon Gächter (University of Nottingham).
25. Culture and Decisions: Incheol Choi (Seoul National University), Jong An Choi (Seoul National University), and Ara Norenzayan (University of British Columbia).
Part IV: Applications:.
26. Behavioral Finance: Markus Glaser, Markus Nöth, and Martin Weber (all University Of Mannheim).
27. Judgment and Decision–making Accounting Research: A Quest to Improve the Production, Certification, and Use of Accounting Information: Natalia Kotchetova (University of Waterloo) and Steven Salterio (Queen s University).
28. Heuristics, Biases, and Governance: Jeffrey J. Rachlinski (Cornell Law School).
29. The Psychology of Medical Decision Making: Gretchen B. Chapman (Rutgers University).
30. Judgment, Decision Making, and Public Policy: Nick Pidgeon (University Of East Anglia) and Robin Gregory (Decision Research, Vancouver).