An edition of Making better decisions (2010)

Making better decisions

decision theory in practice

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Last edited by MARC Bot
December 12, 2022 | History
An edition of Making better decisions (2010)

Making better decisions

decision theory in practice

  • 3 Want to read
  • 0 Currently reading
  • 0 Have read

"Making Better Decisions introduces readers to some of the principal aspects of decision theory, and examines how these might lead us to make better decisions.[bullet] Introduces readers to key aspects of decision theory and examines how they might help us make better decisions[bullet] Presentation of material encourages readers to imagine a situation and make a decision or a judgment[bullet] Offers a broad coverage of the subject including major insights from several sub-disciplines: microeconomic theory, decision theory, game theory, social choice, statistics, psychology, and philosophy[bullet] Explains these insights informally in a language that has minimal mathematical notation or jargon, even when describing and interpreting mathematical theorems[bullet] Critically assesses the theory presented within the text, as well as some of its critiques[bullet] Includes a web resource for teachers and students"--

"Making Better Decisions: Decision Theory in Practice introduces readers to some of the principal ideas from decision theory and examines how they might help us make better decisions. The presentation is designed to appeal to students and the general reader; based on problems, readers are encouraged to imagine a situation, and then make a decision or a judgment. The problems are chosen to exemplify some principles developed in decision theory, as well as violations of these principles derived from the psychological literature. Making Better Decisions offers explanations of both the theories we would like to adopt in order to make better decisions, and the theories that explain how those around us behave. In doing so, the book presents crucial insights into the decision-making process that can influence and change our behavior and our ability to interact with those around us"--

Publish Date
Publisher
Wiley-Blackwell
Language
English

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Previews available in: English

Edition Availability
Cover of: Making Better Decisions
Making Better Decisions: Decision Theory in Practice
2012, Wiley & Sons, Incorporated, John
in English
Cover of: Making better decisions
Making better decisions: decision theory in practice
2011, Wiley-Blackwell
in English
Cover of: Making Better Decisions
Making Better Decisions: Decision Theory in Practice
2010, Wiley & Sons, Incorporated, John
in English
Cover of: Making Better Decisions
Making Better Decisions: Decision Theory in Practice
2010, Wiley & Sons, Incorporated, John
in English
Cover of: Making Better Decisions
Making Better Decisions: Decision Theory in Practice
2010, Wiley & Sons, Incorporated, John
in English

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Book Details


Table of Contents

Machine generated contents note: Chapter 1 Background.
Suggested Reading.
Chapter 2 Judgment and Choice Biases.
Introduction.
Problems - Group A.
Problems - Group B.
Framing Effects.
Brainstorming and Formal Models.
Endowment Effect.
Sunk Costs.
Decision Trees.
Representativeness Heuristic.
Availability Heuristic.
Anchoring.
Mental Accounting.
Dynamic Inconsistency.
Exercises.
Chapter 3 Consuming Statistical Data.
Introduction.
Problems.
Conditional Probabilities.
Gambler's Fallacy.
Biased Samples.
Regression to the Mean.
Correlation and Causation.
Statistical Significance.
Bayesian and Classical Statistics.
Exercises.
Chapter 4 Decisions under Risk.
Introduction.
Problems.
The Independence Axiom.
von-Neumann and Morgenstern's Result.
Measurement of Utility.
Risk Aversion.
Prospect Theory.
Exercises.
Chapter 5 Decisions under Uncertainty.
Introduction.
Problems.
Subjective Probability.
Learning from the fact we know.
Causality.
The Sure Thing Principle.
Alternative Models.
Objective Probabilities.
Exercises.
Chapter 6 Well-Being and Happiness.
Introduction.
Problems - Group A.
Problems - Group B.
Well Being.
Measurement Issues.
What's Happiness?
Exercises.
Chapter 7 Appendix A: Optimal Choice.
Chapter 8 Appendix B: Probability and Statistics.
Solutions.

Edition Notes

Includes bibliographical references and index.

Published in
New York

Classifications

Dewey Decimal Class
658.4/03
Library of Congress
QA279.4 .G554 2011, QA279.4.G554 2011

The Physical Object

Pagination
p. cm.

ID Numbers

Open Library
OL24553795M
Internet Archive
makingbetterdeci00gilb
ISBN 13
9781444336511, 9781444336528
LCCN
2010021914
OCLC/WorldCat
617508888

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History

Download catalog record: RDF / JSON / OPDS | Wikipedia citation
December 12, 2022 Edited by MARC Bot import existing book
October 4, 2021 Edited by ImportBot import existing book
October 4, 2021 Edited by ImportBot import existing book
November 13, 2020 Edited by MARC Bot import existing book
January 2, 2011 Created by ImportBot Imported from Library of Congress MARC record