- Contains contributions by experts from various disciplines that reflect current trends and controversies on judgment and decision making.
- Provides a glimpse at the many approaches that have been taken in the study of judgment and decision making and portrays the major findings in the field.
- 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).