Authors
Baruch Fischhoff, Paul Slovic, Sarah Lichtenstein
Publication date
2013/6/17
Book
Judgment and Decision Making
Pages
124-145
Publisher
Routledge
Description
The study of judgment and decision making entails three interrelated forms of research: (1) normative analysis, identifying the best courses of action, given decision makers’ values; (2) descriptive studies, examining actual behavior in terms comparable to the normative analyses; and (3) prescriptive interventions, helping individuals to make better choices, bridging the gap between the normative ideal and the descriptive reality. The research is grounded in analytical foundations shared by economics, psychology, philosophy, and management science. Those foundations provide a framework for accommodating affective and social factors that shape and complement the cognitive processes of decision making. The decision sciences have grown through applications requiring collaboration with subject matter experts, familiar with the substance of the choices and the opportunities for interventions. Over the past …
Total citations
Scholar articles
B Fischhoff, P Slovic, S Lichtenstein - Judgment and Decision Making, 2013