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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A compilation of different approaches--normative, descriptive,and prescriptive--develops this integrated analysis of decision-making that emphasizes the contributions of various disciplinary interests.
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Inside This Book
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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 New!
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Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
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 New!
Books on Related Topics | Concordance | Text Stats Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
Citations (learn more)
This book cites 100
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42
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- Theory of Games and Economic Behavior (Commemorative Edition) (Princeton Classic Editions) by John von Neumann on 8 pages
- Decisions with Multiple Objectives: Preferences and Value Tradeoffs by Ralph L. Keeney on 7 pages
- Judgment under Uncertainty: Heuristics and Biases by Daniel Kahneman on 4 pages
- Disaster Insurance Protection: Public Policy Lessons by Howard Kunreuther on page 166, page 419, and page 524
- Social Psychology by Elliot Aronson on page 57, page 340, and page 420
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- Game Theory and its Applications, Second Edition: in the Social and Biological Sciences (International Series in Social Psychology) by Andrew Colman on 4 pages
- The Human Side of Enterprise, Annotated Edition by Douglas McGregor on page 170, and page 177
- Biographical Dictionary of Public Administration by Patricia Moss Wigfall on page 9, and page 92
- Research in biopolitics, Volume 5 by Somit on page 206, and page 208
- The Amateur Strategist: Intuitive Deterrence Theories and the Politics of the Nuclear Arms Race (Cambridge Studies in Public Opinion and Political Psychology) by James DeNardo on page 81, and page 120
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