Escaping from bad decisions : a behavioral decision-theoretic perspective /
"Escaping from Bad Decisions: A Behavioral Decision-Theoretic Perspective presents a modern conceptual and mathematical framework of the decision-making process. This framework explains how decision-making under certainty, risk, and uncertainty can be better understood and theoretically explain...
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| Format: | eBook |
| Language: | English |
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Amsterdam :
Academic Press,
2021.
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| Series: | Perspectives in behavioral economics and the economics of behavior
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| Online Access: | Connect to the full text of this electronic book |
| Summary: | "Escaping from Bad Decisions: A Behavioral Decision-Theoretic Perspective presents a modern conceptual and mathematical framework of the decision-making process. This framework explains how decision-making under certainty, risk, and uncertainty can be better understood and theoretically explained, and provides a critical examination of psychological models in multi-attribute decision-making. It evaluates and defines the constitutive elements of "good decisions" and "bad decisions." By defining ordinal utility theory relating to multi-attribute decision-making, this book re-interprets the rationality of multi-attribute decision-making based on Arrow's general possibility theorem"-- |
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| Item Description: | Includes indexes. |
| Physical Description: | 1 online resource |
| ISBN: | 0128160330 9780128160336 |