Behavioral Decision Making by John W. Payne (auth.), George Wright (eds.)

By John W. Payne (auth.), George Wright (eds.)

Show description

Read or Download Behavioral Decision Making PDF

Similar nonfiction_10 books

Metallurgical Coatings and Thin Films 1992

One of many more and more vital requisites for prime expertise fabrics is they own near-surface houses varied to their bulk homes. particular floor houses are in general completed by utilizing those motion pictures or coatings or through enhancing the constitution or composition of the close to floor.

Artificial and Reconstituted Membrane Systems

This choice of eleven chapters is dedicated to a survey of synthetic and reconsti­ tuted membrane platforms. those are basic issues and components of serious present significance in membrane biochemistry. additionally they relate good to the founding notion of this sequence, specifically, to offer reviews that gradually paintings towards and supply us with an "integrated view of the mobile.

HIV & HTLV-I Associated Malignancies

An infection with the human immunodeficiency virus (HIV) and human T-cell lymphotropic virus sort I (HTLV-I) is understood to be linked to an elevated threat of neoplastic issues, specifically Kaposi's sarcoma and competitive B-cell lymphoma for the previous, and T-cell lymphoma for the latter. the knowledge got from the learn of those infections has resulted in amazing advances in our knowing of the immune approach, in addition to the biology of human neoplasms.

Additional info for Behavioral Decision Making

Example text

N. , & Shanteau, J. C. (1970). Information integration in risky decision making. Journal of Experimental Psychology. 84. 441-451. Arrow. K. J. (1951). Alternative approaches to the theory of choice in risk-taking situations. Econometrica. 19. 404-437. Aschenbrenner, K. M. (1978). Single-peaked risk preferences and their dependability on the gambles' presentation mode. Journal of Experimemal Psychology: Human Perception and Pe/formance. 4. 513-520. Beach, L. R. (1983). Muddling through: A response to Yates and Goldstein.

These data confirm in a within-subject design the analysis of conditional evaluation proposed in the text. More than 75 % of respondents made compatible choices (AC or BO) in Problems 5 and 6, and less than half made compatible choices in Problems 6 and 7 (CE or OF) or 5 and 7 (AE or BF). The elimination of payoffs in these questions reduced risk aversion but did not substantially alter the effects of certainty and pseudocertainty. We have observed the certainty effect in several sets of problems, with outcomes ranging from vacation trips to the loss of human lives.

The minimal account associated with the decision to accept a gamble, for example, includes the money won or lost in that gamble and excludes other assets or the outcome of previous gambles. People commonly adopt minimal accounts because this mode of framing simplifies evaluation and reduces cognitive strain, reflects the intuition that consequences should be causally linked to acts, and matches the properties of hedonic experience, which is more sensitive to desirable and undesirable changes than to steady states.

Download PDF sample

Rated 4.31 of 5 – based on 38 votes