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.
General
| Imprint: |
Academic Press Inc
|
| Country of origin: |
United States |
| Series: |
Perspectives in Behavioral Economics and the Economics of Behavior |
| Release date: |
July 2021 |
| First published: |
2022 |
| Authors: |
Kazuhisa Takemura
|
| Dimensions: |
229 x 152mm (L x W) |
| Format: |
Paperback
|
| Pages: |
542 |
| ISBN-13: |
978-0-12-816032-9 |
| Categories: |
Books >
Business & Economics >
Economics >
Microeconomics >
General
|
| LSN: |
0-12-816032-2 |
| Barcode: |
9780128160329 |
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