Decision Making
Descriptive, Normative, and Prescriptive Interactions
£37.99
- Date Published: May 1989
- availability: Available
- format: Paperback
- isbn: 9780521368513
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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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×Product details
- Date Published: May 1989
- format: Paperback
- isbn: 9780521368513
- length: 636 pages
- dimensions: 229 x 155 x 39 mm
- weight: 0.95kg
- availability: Available
Table of Contents
Preface
Introduction
Part I. Overview Paper:
1. Descriptive, normative, and prescriptive interactions in decision making David E. Bell, Howard Raiffa, and Amos Tversky
Part II. Conceptions of Choice:
2. Bounded rationality, ambiguity, and the engineering of choice James G. March
3. Rationality as process and as product of thought Herbert A. Simon
4. Normative theories of decision making under risk and under uncertainty P. C. Fishburn
5. Risky choice revisited David E. Bell, and Howard Raiffa
6. Behavioral decision theory: processes of judgment and choice Hillel J. Einhorn, and Robin M. Hogarth
7. Reply to commentaries Hillel J. Einhorn, and Robin M. Hogarth
8. Response mode, framing, and information-processing effects in risk assessment Paul Slovic, Baruch Fischhoff, and Sarah Lichetenstein
9. Rational choice and the framing of decisions Amos Tversky, and Daniel Kahneman
10. Savage revisited Glenn Shafer
Part III. Beliefs and Judgments about Uncertainties:
11. Languages and decisions for probability judgment Glenn Shafer, and Amos Tversky
12. Updating subjective probability Persi Diaconis, and Sandy L. Zabell
13. Probability, evidence, and judgment A. P. Dempster
14. The effects of statistical training on thinking about everyday problems Geoffrey T. Fong, David H. Krantz, and Richard E. Nisbett
Part IV. Values and Utilities:
15. The mind as a consuming organ T. C. Schelling
16. Disappointment in decision making under uncertainty David E. Bell
17. Marginal value and intrinsic risk aversion David E. Bell, and Howard Raiffa
18. Knowing what you want: measuring labile values Baruch Fischhoff, Paul Slovic, and Sarah Lichetenstein
19. Sources of bias in assessment procedures for utility functions John C. Hershey, Howard C. Kunreuther, and Paul J. H. Schoemaker
20. Simplicity in decision analysis: an example and a discussion Ward Edwards, Detlof von Winterfeldt, and David L. Moody
21. Value-focused thinking and the study of values Ralph L. Keeney
Part V. Areas of Application:
22. Behaviour under uncertainty and its implications for policy Kenneth J. Arrow
23. The relevance of quasi rationality in competitive markets Thomas Russell, and Richard Thaler
24. How senior managers think Daniel J. Isenberg
25. Problems in producing usable knowledge for implementing liberating alternatives Chris Argyris
26. On the framing of medical decisions Barbara J. McNeil, Stephen G. Pauker, and Amos Tversky
27. Whether or not to administer amphotericin to an immunosuppressed patient with hematologic malignancy and undiagnosed fever Jonathan E. Gottlieb, and Stephen G. Pauker
28. The effect of private attitudes on public policy: prenatal screening for neural tube defects as a prototype Stephen G. Pauker, Susan P. Pauker, and Barbar J. McNeil
29. Discussion agenda for the session on medical decision making and minutes of a group discussion clinical decision making Milton C. Weinstein, (moderator), and Harvey V. Fineberg, Barbara J. McNeil, and Stephen G. Pauker (discussion rapporteur Robert J. Quinn).
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