Rational Choice in an Uncertain World: The Psychology of Judgment and Decision Making

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9781412959032: Rational Choice in an Uncertain World: The Psychology of Judgment and Decision Making

"The authors are highly respected as leading figures in the field of judgment and decision making. There are many existing books on topics related to judgment and decision making, but this book makes a unique contribution to this field because of its systematic and scholarly approach, and its breadth of coverage."
Robert Goldstone, Indiana University

"Reid Hastie and Robyn Dawes are two of the most eminent researchers in the field. I know these authors to be excellent writers and I have no doubt that their writing style will be suitable for my students."
―William Goldstein, University of Chicago

In the new edition of this award-winning text, renowned authors Reid Hastie and Robyn Dawes compare and contrast the basic principles of rationality with actual behavior in making decisions. This book explores theories and research findings from the field of judgment and decision making in a non-technical manner, using anecdotes as a teaching device. Intended as an introductory textbook for advanced undergraduate and graduate students, the material not only is of scholarly interest but is practical as well.

New to This Edition

  • Chapter introductions, conclusions, and cross-references between chapters make the text more student friendly
  • An abundance of examples from areas such as finance, medicine, law, and engineering anchor concepts to the real world
  • Increased consideration of descriptive, psychological models of decision making augment the original emphasis on normative, rational, "Expected Utility Theory" models, bring the book up to date
  • Balance among the three major approaches to judgment and decision making: cognitive psychological analyses of mental processes and heuristics, descriptive algebraic models of judgment and decision processes, and rational models of decision making

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From the Publisher:

William James Award from the American Psychological Association

About the Author:

Reid Hastie has degrees from Stanford University (1968), the University of California at San Diego (1970), and Yale University (1973) in Psychology. He taught at Harvard University, Northwestern University, and now at the University of Colorado where he is currently Professor of Psychology and Director of the Center for Research on Judgment and Policy. He has served on review panels for the National Science Foundation, the National Institute of Mental Health, the National Research Council; and on fourteen professional journal editorial boards. His research has been funded continuously by the National Science Foundation and the National Institutes of Health since 1975.

His primary research interests are in the areas of judgment and decision making (managerial, legal, medical, engineering, and personal), memory and cognition, and social psychology. He has published over 100 articles in scientific journals on these topics. He is best known for his research on legal decision making (Social Psychology in Court [with Michael Saks]; Inside the Jury [with Steven Penrod and Nancy Pennington]; Inside the Juror [edited]; and Punitive Damages: How Juries Decide [forthcoming, multiple authors]) and on social memory and judgment processes (Person Memory: The Cognitive Basis of Social Perception [several co-authors]). He is currently studying: the psychology of investment decisions; the role of explanations in category concept representations (including the effects on category classification, deductive, and inductive inferences); civil jury decision making (punitive damages and sexual harassment); the primitive sources of confidence and probability judgments; decision making competencies across the adult life span; and neural substrates of risky decisions. He is writing a textbook on the Psychology of Judgment and Decision Making in collaboration with Robyn Dawes (of Carnegie Mellon University) and has recently completed an Annual Review of Psychology chapter, “Problems for Judgment and Decision Making.”

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Reid Hastie, Robyn M. Dawes
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Descripción SAGE Publications Inc, United States, 2010. Paperback. Estado de conservación: New. 2nd Revised edition. Language: English . Brand New Book. In the Second Edition of Rational Choice in an Uncertain World the authors compare the basic principles of rationality with actual behaviour in making decisions. They describe theories and research findings from the field of judgment and decision making in a non-technical manner, using anecdotes as a teaching device. Intended as an introductory textbook for advanced undergraduate and graduate students, the material not only is of scholarly interest but is practical as well. The Second Edition includes: - more coverage on the role of emotions, happiness, and general well-being in decisions - a summary of the new research on the neuroscience of decision processes - more discussion of the adaptive value of (non-rational heuristics) - expansion of the graphics for decision trees, probability trees, and Venn diagrams. Nº de ref. de la librería AAX9781412959032

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Descripción SAGE Publications Inc, United States, 2010. Paperback. Estado de conservación: New. 2nd Revised edition. Language: English . Brand New Book. In the Second Edition of Rational Choice in an Uncertain World the authors compare the basic principles of rationality with actual behaviour in making decisions. They describe theories and research findings from the field of judgment and decision making in a non-technical manner, using anecdotes as a teaching device. Intended as an introductory textbook for advanced undergraduate and graduate students, the material not only is of scholarly interest but is practical as well. The Second Edition includes: - more coverage on the role of emotions, happiness, and general well-being in decisions - a summary of the new research on the neuroscience of decision processes - more discussion of the adaptive value of (non-rational heuristics) - expansion of the graphics for decision trees, probability trees, and Venn diagrams. Nº de ref. de la librería AAX9781412959032

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