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Rational Choice In An Uncertain World Book

Rational Choice In An Uncertain World
Rational Choice In An Uncertain World, , Rational Choice In An Uncertain World has a rating of 4.5 stars
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Rational Choice In An Uncertain World, , Rational Choice In An Uncertain World
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  • Rational Choice In An Uncertain World
  • Written by author Reid Hastie
  • Published by SAGE Publications, April 2001
  • In Rational Choice in an Uncertain World, renowned authors Hastie and Dawes compare the basic principles of rationality with actual behavior in making decisions. They describe theories and research finding from the field of judgement and decision making i
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Preface
1Thinking and Deciding1
1.1Decision Making Is a Skill1
1.2Thinking: Automatic and Controlled3
1.3The Computational Model of the Mind7
1.4Through Darkest Psychoanalytic Theory and Behaviorism to Cognition12
1.5Quality of Choice: Rationality17
1.6The Invention of Modern Decision Theory19
2What Is Decision Making?25
2.1Definition of a Decision25
2.2Picturing Decisions29
2.3Decision Quality Revisited33
2.4Incomplete Thinking: A Legal Example34
2.5Overinclusive Thinking: Sunk Costs36
2.6The Rationality of Considering Only the Future42
2.7The Rest of This Book45
3A General Framework for Judgment47
3.1A Conceptual Framework for Judgment and Prediction47
3.2Research in the Lens Model Framework51
3.3Capturing Judgment in Statistical Models55
3.4How Do Statistical Models Beat Human Judgment?58
3.5Practical Implications of the Surprising Success of the Linear Model62
3.6Objections and Rebuttals64
3.7The Role of Judgment in Choices and Decisions69
4Judgments From Memory73
4.1Going Beyond the Information Given73
4.2Availability of Memories78
4.3Biased Samples in Memory80
4.4Biased Sampling From Memory84
4.5Availability to the Imagination90
4.6From Availability to Probability and Causality92
4.7Heuristic Thinking: Adaptive or Just Plain Stupid?95
5Anchoring and Adjustment99
5.1Salient Values99
5.2Anchoring and (Insufficient) Adjustment100
5.3Anchoring the Past in the Present107
6Judgment by Similarity111
6.1Same Old Things111
6.2Representative Thinking115


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