Escaping from Bad Decisions: A Behavioral Decision-Theoretic Perspective Contributor(s): Takemura, Kazuhisa (Author) |
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ISBN: 0128160322 ISBN-13: 9780128160329 Publisher: Academic Press OUR PRICE: $148.50 Product Type: Paperback Published: July 2021 |
Additional Information |
BISAC Categories: - Business & Economics | Economics - Microeconomics |
LCCN: 2021935922 |
Series: Perspectives in Behavioral Economics and the Economics of Be |
Physical Information: 1.1" H x 6" W x 9" (1.58 lbs) 542 pages |
Descriptions, Reviews, Etc. |
Publisher Description: 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. |