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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Bibliographic Details
Main Author: Takemura, Kazuhisa, 1960- (Author)
Corporate Author: ScienceDirect (Online service)
Format: eBook
Language:English
Published: Amsterdam : Academic Press, 2021.
Series:Perspectives in behavioral economics and the economics of behavior
Subjects:
Online Access:Connect to the full text of this electronic book
Description
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"--
Item Description:Includes indexes.
Physical Description:1 online resource
ISBN:0128160330
9780128160336