The Decision Making Course Bookshelf (MDM)

A Listmania! list by Kent L. Womack "kent in new hampshire" (new hampshire)
(REAL NAME)   
The list author says: "I have taught a course, known as MDM for Managerial Decision Making, at the Tuck School of Business for eight years now on the subject of probabilistic decision making and understanding our human tendencies to make sub-optimal choices due to cognitive biases and faulty mental models of the world. Most of this list is highly readable by even high schoolers. Where a book is more academic or challenging or dry, I have noted that in my comments. The top 10 are all extremely well written AND insightful, I have never yet had anyone want their money or their time back after reading them!"
Moneyball: The Art of Winning an Unfair Game
1.  Moneyball: The Art of Winning an Unfair Game by Michael Lewis
The list author says:
  "Required in my course: The concepts in this book are SO important to decision makers, especially in business. A great read, even if you're not a baseball fan. I keep telling my students, this book is not really about baseball, it is about smart, counterintuitive decision making. This book was "hot" on Wall Street when it came out. Also great on audio CD."
$16.47   Used & New from: $2.16
4.5 out of 5 stars See all reviews (399 customer reviews)

Influence: Science and Practice (4th Edition)
2.  Influence: Science and Practice (4th Edition) by Robert B. Cialdini
The list author says:
  "Required in my course: Ever been duped by a car salesman?  This book explains why.  It is a wonderfully fun and educational read. MANY students say it's the best book they read during their entire MBA. 10 out of 10! Easily!"
$20.80   Used & New from: $2.96
4.7 out of 5 stars See all reviews (133 customer reviews)

Complications: A Surgeon's Notes on an Imperfect Science
3.  Complications: A Surgeon's Notes on an Imperfect Science by Atul Gawande
The list author says:
  "Required in my course: This is an excellent analysis of judgment under uncertainty by doctors. Extremely readable with good storytelling. The audio CD version is also very good."
$10.98   Used & New from: $2.56
4.7 out of 5 stars See all reviews (163 customer reviews) | 1 customer discussion

The Seven Sins of Memory: How the Mind Forgets and Remembers
4.  The Seven Sins of Memory: How the Mind Forgets and Remembers by Daniel L. Schacter
The list author says:
  "One of my favorites, by the chair of the psychology department at Harvard, a cognitive psych book about our memory processes. A great non-technical intro to how and why we remember and forget. Excellent for cocktail party chatter for the forty-something crowd."
$10.17   Used & New from: $1.99
4.3 out of 5 stars See all reviews (40 customer reviews)

Mistakes Were Made (But Not by Me): Why We Justify Foolish Beliefs, Bad Decisions, and Hurtful Acts
5.  Mistakes Were Made (But Not by Me): Why We Justify Foolish Beliefs, Bad Decisions, and Hurtful Acts by Carol Tavris
The list author says:
  "This is a very wise and well written book on the subject of cognitive dissonance. I put it up there with Stumbling on Happiness as VERY important additions to the Decision Making Course repetoire."
Used & New from: $9.95
4.5 out of 5 stars See all reviews (83 customer reviews)

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Into Thin Air: A Personal Account of the Mt. Everest Disaster
6.  Into Thin Air: A Personal Account of the Mt. Everest Disaster by Jon Krakauer
The list author says:
  "Required in my course: A classic case study of group decision making mishaps and a great story too! I have my students read it with a view for how groups often fail to coordinate and plan for "a rainy day" and the consequences thereof."
$10.17   Used & New from: $3.31
4.4 out of 5 stars See all reviews (1,522 customer reviews) | 1 customer discussion

How Doctors Think
7.  How Doctors Think by Jerome Groopman
The list author says:
  "This excellent book applies many of the principles we know about flawed judgment and biased decision making to medical choices. The stories are great and memorable. The audio book is great."
$10.37   Used & New from: $0.01
4.4 out of 5 stars See all reviews (173 customer reviews) | 3 customer discussions

Why Smart Executives Fail: And What You Can Learn from Their Mistakes
8.  Why Smart Executives Fail: And What You Can Learn from Their Mistakes by Sydney Finkelstein
The list author says:
  "Terrific principles of how top leaders "forget" important things that they should know but don't always remember."
Used & New from: $5.51
4.3 out of 5 stars See all reviews (32 customer reviews)

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Nudge: Improving Decisions About Health, Wealth, and Happiness
9.  Nudge: Improving Decisions About Health, Wealth, and Happiness by Richard H. Thaler
The list author says:
  "A GREAT new book, cleverly written, about the really important decisions in life. Expect it to be a best-seller very soon!"
$17.16   Used & New from: $9.48
3.7 out of 5 stars See all reviews (95 customer reviews) | 1 customer discussion

Stumbling on Happiness
10.  Stumbling on Happiness by Daniel Gilbert
The list author says:
  "This book is EXTREMELY insightful. It is the best psych book of 2006. Note: this is NOT a self-help book, it is an excellent descriptive and investigative synthesis of what psychologists know about what we prospectively "think" will make us happy. The audio CD, read by the author, is outrageously good."
$16.47   Used & New from: $2.46
4.0 out of 5 stars See all reviews (242 customer reviews) | 9 customer discussions

Deep Survival: Who Lives, Who Dies, and Why
11.  Deep Survival: Who Lives, Who Dies, and Why by Laurence Gonzales
The list author says:
  "This is a powerful book with gripping stories on the theme: decisions under extreme stress and time constraints. Competitive sports-people, teenagers, soldiers, pilots will love it. The audio CD version is also excellent."
$10.85   Used & New from: $2.95
4.0 out of 5 stars See all reviews (168 customer reviews)

The Psychology of Judgment and Decision Making
12.  The Psychology of Judgment and Decision Making by Scott Plous
The list author says:
  "There is probably no better introduction to the ideas of Behavioral Decision Theory (BDT) than this little gem. Suitable for ANY undergrad or graduate level course in Decision Making."
$54.82   Used & New from: $19.90
4.8 out of 5 stars See all reviews (17 customer reviews) | 1 customer discussion

How We Know What Isn't So: The Fallibility of Human Reason in Everyday Life
13.  How We Know What Isn't So: The Fallibility of Human Reason in Everyday Life by Thomas Gilovich
The list author says:
  "Humans often believe things for which their basis is shaky or nonexistent.  This is an excellent expose which will create amusing cognitive dissonance with readers."
$13.64   Used & New from: $7.49
4.5 out of 5 stars See all reviews (37 customer reviews)

Educating Intuition
14.  Educating Intuition by Robin M. Hogarth
The list author says:
  "Intuition is our gut feel. This book shows how it is influenced and can be educated. Excellent!"
$25.28   Used & New from: $15.45
4.7 out of 5 stars See all reviews (3 customer reviews)

Predictably Irrational: The Hidden Forces That Shape Our Decisions
15.  Predictably Irrational: The Hidden Forces That Shape Our Decisions by Dan Ariely
The list author says:
  "This is a new "fresh" book on biases researchers observe in decision making."
$17.13   Used & New from: $12.92
4.2 out of 5 stars See all reviews (235 customer reviews) | 1 customer discussion

Winning Decisions: Getting It Right the First Time
16.  Winning Decisions: Getting It Right the First Time by J. Edward Russo
The list author says:
  "Recommended in my course: This is an excellent new book on decision process, the "how to" approach, but very thoughtful. Excellent bibliography."
$19.11   Used & New from: $10.94
4.5 out of 5 stars See all reviews (6 customer reviews)

Never Saw It Coming: Cultural Challenges to Envisioning the Worst
17.  Never Saw It Coming: Cultural Challenges to Envisioning the Worst by Karen A. Cerulo
The list author says:
  "Optimism pervades human judgment. This book makes a very convincing point that, for many reasons, we are poorly conditioned to think about worst case scenarios. When we do, we are often too optimistic (Iraq, maybe?).  Well written and tight to its subject."
$29.00   Used & New from: $11.00
4.5 out of 5 stars See all reviews (2 customer reviews)

Primer on Decision Making: How Decisions Happen
18.  Primer on Decision Making: How Decisions Happen by James G. March
The list author says:
  "Its title belies its depth. It is an excellent but dense book.  Not exactly a "Primer"  except for graduate students, but very well reasoned thinking from one of the best OB professors ever."
Used & New from: $6.95
4.5 out of 5 stars See all reviews (2 customer reviews)

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Smart Choices: A Practical Guide to Making Better Decisions
19.  Smart Choices: A Practical Guide to Making Better Decisions by John S. Hammond
The list author says:
  "A good MBA level book on decision analysis, thinking of decisions from beginning to end, using a flow-chart approach."
$10.17   Used & New from: $5.62
4.6 out of 5 stars See all reviews (46 customer reviews)

Why Not? How to Use Everyday Ingenuity to Solve Problems Big and Small
20.  Why Not? How to Use Everyday Ingenuity to Solve Problems Big and Small by Barry J. Nalebuff
The list author says:
  "A new and great addition on creativity and brainstorming; soft but solid economics"
$20.90   Used & New from: $0.32
4.2 out of 5 stars See all reviews (25 customer reviews)

The Thinker's Toolkit: 14 Powerful Techniques for Problem Solving
21.  The Thinker's Toolkit: 14 Powerful Techniques for Problem Solving by Morgan D. Jones
The list author says:
  "I shouldn't like this book but I do, it has a "how to" flavor, but has good examples and insights."
$10.88   Used & New from: $6.00
4.1 out of 5 stars See all reviews (28 customer reviews)

Rational Choice in an Uncertain World: The Psychology of Judgement and Decision Making
22.  Rational Choice in an Uncertain World: The Psychology of Judgement and Decision Making by Professor Reid Hastie
The list author says:
  "An excellent, slightly academic, expose of how and why we humans arent so rational. Well written."
$59.89   Used & New from: $30.00
4.6 out of 5 stars See all reviews (5 customer reviews)

Beyond Greed and Fear: Finance and the Psychology of Investing
23.  Beyond Greed and Fear: Finance and the Psychology of Investing by Hersh Shefrin
The list author says:
  "The best book available summarizing in the academic research on psychology in finance.  MBA level."
Used & New from: $22.98
3.4 out of 5 stars See all reviews (16 customer reviews)

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Quasi Rational Economics
24.  Quasi Rational Economics by Richard H. Thaler
The list author says:
  "This is a collection of insightful academic papers  by a key thinker in behavioral economics and finance that adds a psychology-of-decision-making twist to tradtional economics. For economists."
$19.75   Used & New from: $5.83
4.0 out of 5 stars See all reviews (1 customer review)

Inevitable Illusions: How Mistakes of Reason Rule Our Minds
25.  Inevitable Illusions: How Mistakes of Reason Rule Our Minds by Massimo Piattelli-Palmarini
The list author says:
  "Written at a slightly higher level than the Plous (above) or Bazerman (below) books, it is nonetheless a quality offering on mistakes in reasoning and judgment."
$12.71   Used & New from: $4.84
3.4 out of 5 stars See all reviews (23 customer reviews)

Judgment in Managerial Decision Making
26.  Judgment in Managerial Decision Making by Max H. Bazerman
The list author says:
  "This excellent little text is similar (and a competitor) to Plous above, but spends a little more time on negotiation, less on psychology and social psychology."
$50.68   Used & New from: $4.49
4.8 out of 5 stars See all reviews (4 customer reviews)

Judgment in Managerial Decision Making
27.  Judgment in Managerial Decision Making by Max H. Bazerman
The list author says:
  "The older edition: This excellent little text is similar (and a competitor) to Plous above, but spends a little more time on negotiation, less on psychology and social psychology."
Used & New from: $0.01
4.2 out of 5 stars See all reviews (5 customer reviews)

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Decision Traps: The Ten Barriers to Decision-Making and How to Overcome Them
28.  Decision Traps: The Ten Barriers to Decision-Making and How to Overcome Them by Edward Russo
The list author says:
  ""How to make better decisions" in an easily accessible primer. It is dominated by its authors' newer book above, but is still good."
Used & New from: $2.55
4.9 out of 5 stars See all reviews (12 customer reviews)

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Judgment under Uncertainty: Heuristics and Biases
29.  Judgment under Uncertainty: Heuristics and Biases by Daniel Kahneman
The list author says:
  "This book is a classic; it is a collected set of  academic articles that changed how the world looks at decision making. They are readable and will never be out of date."
$58.50   Used & New from: $43.97
4.5 out of 5 stars See all reviews (6 customer reviews)

Choices, Values, and Frames
30.  Choices, Values, and Frames by Daniel Kahneman
The list author says:
  "This is a follow-on set of newer academic articles (after Judgment Under Uncertainty above) that defines the last decade's contributions."
$54.00   Used & New from: $39.90
4.7 out of 5 stars See all reviews (13 customer reviews)

Heuristics and Biases: The Psychology of Intuitive Judgment
31.  Heuristics and Biases: The Psychology of Intuitive Judgment by Thomas Gilovich
The list author says:
  "The 3rd book in the series, these are EXCELLENT academic articles on the psycholgy of decisions.  Any PhD in this area should start their library with all 3."
$47.70   Used & New from: $34.17
5.0 out of 5 stars See all reviews (3 customer reviews)

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  Customer Discussions about products in this list
  Discussion Replies Latest Post
Can anyone suggest a comparable book--well-informed, written by a professional,etc--dealing with psychiatry? 11 18 days ago
Why is this book so expensive? 0 26 days ago
Outside Magazine Sept 1996 3 March 2009
Book Review & Comparison to Predictably Irrational 0 February 2009
Why do so many doctors prescribe Antibiotics for viral infections ? 10 January 2009
Discuss This Book With Me, Please 5 January 2009
Complications or Better: Which do you prefer? 2 October 2008
life happiness 0 June 2008
Other books on the subject? 2 June 2008
Predictably Irrational is a Must-Read 1 April 2008
health 0 March 2008
Is there an unforgivable sin? 0 March 2008
 
     

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Author

Kent L. Womack "kent in new hampshire" (new hampshire)
(REAL NAME)   
Qualifications: Business School Professor

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Last updated: 8/11/08
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