12 Predicting Utility DANIEL KAHNEMAN AND JACKIE SNELL The chapter is concerned with predicted utility , defined as a decision maker's anticipation of the hedonic quality of a future experience . A study of the lay theory of how tastes ...
Author: Hillel J. Einhorn
Publisher: University of Chicago Press
Category: Business & Economics
How do people make decisions? How can we help people make better decisions? How can we best study the processes of decision making? The growing field of behavioral decision research, which seeks to link observed decision behavior to underlying psychological mechanisms, may provide the answers to these questions. The volume is based on a recent conference held to honor the work and memory of the late Hillel J. Einhorn, a pioneering scholar in behavioral decision research. Composed of contributions by leading researchers, Insights in Decision Making provides a state-of-the-art image of work in this field. The range of topics covered includes conceptual and technical issues the bridge the gap between theory and the practical concern of improving decision making, difficulties in statistical thinking, experimental studies of processes of judgment and choice, and the emergence of new paradigms for studying decision behavior. Providing many avenues for future research, Insights in Decision Making will be essential reading for students of the psychology of decision making and will prove valuable to readers in psychology, economics, statistics, and management.
Author: Benjamin L. CastlemanPublish On: 2015-03-12
This volume argues that the efficacy of these strategies can be improved by taking account of contemporary research on how students make choices.
Author: Benjamin L. Castleman
Each year, many students with affordable college options and the academic skills needed to succeed do not enroll at all, enroll at institutions where they are not well-positioned for success, or drop out of college before earning a credential. Efforts to address these challenges have included changes in financial aid policy, increased availability of information, and enhanced academic support. This volume argues that the efficacy of these strategies can be improved by taking account of contemporary research on how students make choices. In Decision Making for Student Success, scholars from the fields of behavioral economics, education, and public policy explore contemporary research on decision-making and highlight behavioral insights that can improve postsecondary access and success. This exciting volume will provide scholars, researchers, and higher education administrators with valuable perspectives and low-cost strategies that they can employ to improve outcomes for underserved populations.
A judge’s role is to make decisions. This book is about how judges undertake this task.
Author: Brian M. Barry
Publisher: Taylor & Francis
A judge’s role is to make decisions. This book is about how judges undertake this task. It is about forces on the judicial role and their consequences, about empirical research from a variety of academic disciplines that observes and verifies how factors can affect how judges judge. On the one hand, judges decide by interpreting and applying the law, but much more affects judicial decision-making: psychological effects, group dynamics, numerical reasoning, biases, court processes, influences from political and other institutions, and technological advancement. All can have a bearing on judicial outcomes. In How Judges Judge: Empirical Insights into Judicial Decision-Making, Brian M. Barry explores how these factors, beyond the law, affect judges in their role. Case examples, judicial rulings, judges’ own self-reflections on their role and accounts from legal history complement this analysis to contextualise the research, make it more accessible and enrich the reader’s understanding and appreciation of judicial decision-making. Offering research-based insights into how judges make the decisions that can impact daily life and societies around the globe, this book will be of interest to practising and training judges, litigation lawyers and those studying law and related disciplines.
Insights. and. Answers. for. Decision. Makers. “Paul has nailed it! Much of computing's future is in the “clouds,” and some of the largest computer companies in the world are moving full speed in that direction.
This is the first place to go for Decision Making innovation, in today's knowledge-driven business environment, professionals face particular challenges as their purpose is to discover or develop new concepts, products, or processes; the ...
Author: Gerard Blokdijk
Publisher: Complete Publishing
The one-stop-source powering Decision Making success, jam-packed with ready to use insights for success, loaded with all the data you need to decide how to gain and move ahead. An one-of-a-kind book, based on extensive research, this reveals the best practices of the most successful Decision Making knowledge mavens, those who are adept at continually innovating and seeing opportunity where others do not. This is the first place to go for Decision Making innovation, in today's knowledge-driven business environment, professionals face particular challenges as their purpose is to discover or develop new concepts, products, or processes; the pressure to perform is intense. This title is the entryway to a single source for innovation. BONUS: Included with the book come numerous real-world Decision Making blueprints, presentations and templates ready for you to download and use. This book addresses the crucial issue of Decision Making adoption by presenting the facts to move beyond general observation. The model underpinning this book has been used as a predictive decision tool, tracking thousands of innovations for over more than a decade. And...this all-encompassing analysis focuses on key areas of future Decision Making growth.
The aim of this essay is to evaluate the extent to which insights from behavioural economics might improve strategic decision-making in organisations.
Author: Jochen Kasper
Category: Business & Economics
The aim of this essay is to evaluate the extent to which insights from behavioural economics might improve strategic decision-making in organisations. In order to see how this works in practice, this essay will consider one of the largest airline companies in Germany. Within the airline company, the most important question is this: What is the best way to make decisions in a large company like this? In the current economic environment, competition is tougher than in previous years. As a result, a wrong decision can lead to greater losses than before. Some airline companies might lose their market leadership position through a wrong decision or by being unprepared for a specific situation. Because of this, strategic planning becomes a key factor in a company’s decision-making process. Avoiding mistakes and wrong decisions by improving the decision-making process within the company should be the aim of any firm that tries to defend or increase its market share.
Mousavi, S.M., Torabi, S.A., Tavakkoli-Moghaddam, R.: A hierarchical group decisionmaking approach for new product selection in a fuzzy environment. Arab. J. Sci. Eng. 38 (11), 3233–3248 (2013) Mousavi, S.M., Jolai, F., ...
Author: Bogumił Kamiński
This book constitutes the proceedings of the 15th International Conference on Group Decision and Negotiation, GDN 2015, held in Warsaw, Poland, in June 2015. The GDN meetings aim to bring together researchers and practitioners from a wide spectrum of fields, including economics, management, computer science, engineering, and decision science. From a total of 119 submissions, 32 papers were accepted for publication in this volume. The papers are organized into topical sections on group problem structuring and negotiation, negotiation and group processes, preference analysis and decision support, formal models, voting and collective decision making, conflict resolution in energy and environmental management, negotiation support systems and studies, online collaboration and competition, and market mechanisms and their users.
"This is a superb book that provides valuable insights for managers at all levels. No matter how many critical decisions we make, it is useful to be reminded of the intricacies of the process.
Author: Stephen J. Hoch
Publisher: John Wiley & Sons
Category: Business & Economics
Perspectives from leaders in decision science at Wharton Organized in part through Wharton's Risk Management and Decision Processes Center, the book assembles leading researchers from Wharton's business faculty who demonstrate how to apply the latest approaches in decision-making from four perspectives: personal, managerial, negotiator, and consumer. Each chapter describes how decisions are actually made, presents the ideal scenario, and then provides practical suggestions for improvement. The subjects range from when consumers will choose variety, integrating intuition into decisions, and applying game theory and strategic decisions, to decision factors in negotiations and how choices are made about insurance and health care.
The initial steps of decision structuring, however, often provide critical insight that allows the decision maker to identify an effective solution. 1. The transparent articulation of 8 objectives was important; prior to this workshop, ...
Author: David R. Smith
Publisher: JHU Press
Smith, Jennifer A. Szymanski, Terry Walshe, Nicolas Zuël
This study aims to answer where the similarities and differences within the decision making approaches are and what influence intuition and emotions have.
Author: Sebastian Dürbeck
Publisher: GRIN Verlag
Category: Business & Economics
Seminar paper from the year 2016 in the subject Business economics - Miscellaneous, University of Applied Sciences Rosenheim, language: English, abstract: The influencing factors on decision making, however, are rated very different. This study aims to answer where the similarities and differences within the decision making approaches are and what influence intuition and emotions have.
This book provides new insights into the significant gap that currently exists between desired and actual fertility in Europe.
Author: Dimiter Philipov
Category: Social Science
This book provides new insights into the significant gap that currently exists between desired and actual fertility in Europe. It examines how people make decisions about having children and demonstrates how the macro-level environment affects micro-level decision-making. Written by an international team of leading demographers and psychologists, the book presents the theoretical and methodological developments of a three-year, European Commission-funded project named REPRO (Reproductive Decision-Making in a Macro-Micro Perspective). It also provides an overview of the research conducted by REPRO researchers both during and after the project. The book examines fertility intentions from quantitative and qualitative perspectives, demonstrates how the macro-level environment affects micro-level decision-making, and offers a multi-level analysis of fertility-related norms across Europe. Overall, this book offers insight into how people make decisions to have children, when they are most likely to act on their decisions, and how different social and policy settings affect their decisions and actions. It will appeal to researchers, graduate students, and policy advisors with an interest in fertility, demography, and life-course decision making.