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Decision Making: Descriptive, Normative, and Prescriptive Interactions [Hardcover]

David E. Bell (Editor), Howard Raiffa (Editor), Amos Tversky (Editor)


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Book Description

October 28, 1988 0521351499 978-0521351492 1
The analysis of decision making under uncertainty has again become a major focus of interest. This volume presents contributions from leading specialists in different fields and provides a summary and synthesis of work in this area. It is based on a conference held at the Harvard Business School. The book brings together the different approaches to decision making - normative, descriptive, and prescriptive - which largely correspond to different disciplinary interests. Mathematicians have concentrated on rational procedures for decision making - how people should make decisions. Psychologists have examined how poeple do make decisions, and how far their behaviour is compatible with any rational model. Operations researchers study the application of decision models to actual problems. Throughout, the aim is to present the current state of research and its application and also to show how the different disciplinary approaches can inform one another and thus lay the foundations for the integrated analysis of decision making. The book will be of interest to researchers, teachers - for use as background reading for a decision theory course - students, and consultants and others involved in the practical application of the analysis of decision making. It will be of interest to specialists and students in statistics, mathematics, economics, psychology and the behavioural sciences, operations research, and management science.


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Book Description

A compilation of different approaches--normative, descriptive,and prescriptive--develops this integrated analysis of decision-making that emphasizes the contributions of various disciplinary interests.

Product Details

  • Hardcover: 640 pages
  • Publisher: Cambridge University Press; 1 edition (October 28, 1988)
  • Language: English
  • ISBN-10: 0521351499
  • ISBN-13: 978-0521351492
  • Product Dimensions: 9 x 6.1 x 1.5 inches
  • Shipping Weight: 2 pounds
  • Amazon Best Sellers Rank: #6,062,689 in Books (See Top 100 in Books)

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Inside This Book (learn more)
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First Sentence:
The focus of our attention is the individual decision maker facing a choice involving uncertainty about outcomes. Read the first page
Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
betting semantics, nonfungal infection, mixed lotteries, ordinary omelet, gamble formulation, randomness cue, administering amphotericin, abstract inferential rules, constant marginal value, propensity semantics, restricted comparability, independence postulate, duplex bet, amphotericin therapy, sixth egg, decreasing marginal value, people having radiation therapy, proxy attributes, mortality frame, mixed frame, proxy objectives, survival frame, calculated rationality, people having surgery, statistical answers
Key Phrases - Capitalized Phrases (CAPs): (learn more)
New York, Academic Press, American Economic Review, Journal of Experimental Psychology, Amos Tversky, Psychological Review, Nero Wolfe, Cambridge University Press, Harvard University Press, New Haven, Princeton University Press, Quarterly Journal of Economics, United States, Free Press, Harvard Business School, Journal of Political Economy, San Francisco, Yale University Press, East Turkana, Englewood Cliffs, Journal of the American Statistical Association, Paul Slovic, University of Michigan, Acta Psychol, Bell Journal of Economics
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