Judgments Decisions And Public Policy
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Author | : Mothakapalli Venkatappa Rajeev Gowda |
Publisher | : Cambridge University Press |
Total Pages | : 390 |
Release | : 2002 |
Genre | : Education |
ISBN | : 9780521660846 |
Behavioral decision theory draws on experimental research in cognitive psychology to provide a descriptively accurate model of human behavior. It shows that people systematically violate the normative assumptions of economic rationality by miscalculating probabilities and making choices based on one-economic criteria. Behavioral decision theory s ability to capture the complexity of human judgments and choices makes it a useful foundation for improving public policy analysis, design, and implementation. This volume showcases the research of leading scholars who are working on applications of behavioral decision theory in diverse policy settings. It is designed to give policy analysts and practitioners who are non-psychologists a clearer understanding of the complexities of human judgment and choice, and an idea of how to integrate behavioral decision theoretic insights into the policy sciences. This interdisciplinary volume should be insightful and useful wherever people s judgments and choices matter for policy formulation, acceptance, and effectiveness.
Author | : Jonathan Baron |
Publisher | : Oxford University Press, USA |
Total Pages | : 238 |
Release | : 1998 |
Genre | : Policy sciences |
ISBN | : 0195111087 |
People often follow intuitive principles of decision making, ranging from group loyalty to the belief that nature is benign. But instead of using these principles as rules of thumb, we often treat them as absolutes and ignore the consequences of following them blindly. In Judgment Misguided, Jonathan Baron explores our well-meant and deeply felt personal intuitions about what is right and wrong, and how they affect the public domain. Baron argues that when these intuitions are valued in their own right, rather than as a means to another end, they often prevent us from achieving the results we want. Focusing on cases where our intuitive principles take over public decision making, the book examines some of our most common intuitions and the ways they can be misused. According to Baron, we can avoid these problems by paying more attention to the effects of our decisions. Written in a accessible style, the book is filled with compelling case studies, such as abortion, nuclear power, immigration, and the decline of the Atlantic fishery, among others, which illustrate a range of intuitions and how they impede the public's best interests. Judgment Misguided will be important reading for those involved in public decision making, and researchers and students in psychology and the social sciences, as well as everyone looking for insight into the decisions that affect us all.
Author | : Max H. Bazerman |
Publisher | : Wiley |
Total Pages | : 0 |
Release | : 2001-07-27 |
Genre | : Business & Economics |
ISBN | : 9780471398875 |
Author is a leading theorist in negotiation and decision-making.
Author | : Eldar Shafir |
Publisher | : Princeton University Press |
Total Pages | : 532 |
Release | : 2013 |
Genre | : Business & Economics |
ISBN | : 0691137560 |
Includes bibliographical references and index.
Author | : Thomas H. Davenport |
Publisher | : Harvard Business Review Press |
Total Pages | : 280 |
Release | : 2012-04-03 |
Genre | : Business & Economics |
ISBN | : 142215811X |
Your guide to making better decisions Despite the dizzying amount of data at our disposal today—and an increasing reliance on analytics to make the majority of our decisions—many of our most critical choices still come down to human judgment. This fact is fundamental to organizations whose leaders must often make crucial decisions: to do this they need the best available insights. In Judgment Calls, authors Tom Davenport and Brook Manville share twelve stories of organizations that have successfully tapped their data assets, diverse perspectives, and deep knowledge to build an organizational decision-making capability—a competence they say can make the difference between success and failure. This book introduces a model that taps the collective judgment of an organization so that the right decisions are made, and the entire organization profits. Through the stories in Judgment Calls, the authors—both of them seasoned management thinkers and advisers—make the case for the wisdom of organizations and suggest ways to use it to best advantage. Each chapter tells a unique story of one dilemma and its ultimate resolution, bringing into high relief one key to the power of collective judgment. Individually, these stories inspire and instruct; together, they form a model for building an organizational capacity for broadly based, knowledge-intensive decision making. You’ve read The Wisdom of Crowds and Competing on Analytics. Now read Judgment Calls. You, and your organization, will make better decisions.
Author | : Geoffrey Vickers |
Publisher | : SAGE Publications, Incorporated |
Total Pages | : 232 |
Release | : 1995-09-18 |
Genre | : Political Science |
ISBN | : 9780803973633 |
This classic book by Sir Geoffrey Vickers first published 30 years ago speaks to both the student//academic and the practitioner interested in understanding decision-making in organizational settings. As the biographical essay elucidates, Vickers' ideas arose from his rich and multifaceted career as a practitioner. His work provides for the integration of theory and practice that is without parallel anywhere in the literature. Written in a lively and accessible style The Art of Judgment continues to be a seminal work for scholars seeking to develop an interpretive and critical account of management and organization. This work is a study which transcends both a narrow and scientific view of administrative behaviour an
Author | : Baruch Fischhoff |
Publisher | : Routledge |
Total Pages | : 405 |
Release | : 2013-06-17 |
Genre | : Science |
ISBN | : 1136497331 |
Behavioral decision research offers a distinctive approach to understanding and improving decision making. It combines theory and method from multiple disciples (psychology, economics, statistics, decision theory, management science). It employs both empirical methods, to study how decisions are actually made, and analytical ones, to study how decisions should be made and how consequential imperfections are. This book brings together key publications, selected to represent the major topics and approaches used in the field. Put in one place, with integrating commentary, it shows the common elements in a research program that represents the scope of the field, while offering depth in each. Together, they provide a vision for what has become a burgeoning field.
Author | : Zur Shapira |
Publisher | : Cambridge University Press |
Total Pages | : 420 |
Release | : 2002-03-25 |
Genre | : Business & Economics |
ISBN | : 9780521890502 |
Explores decision making in organizations, highlighting the roles of incentive, conflict, power and politics.
Author | : Philip E. Tetlock |
Publisher | : Princeton University Press |
Total Pages | : 368 |
Release | : 2017-08-29 |
Genre | : Political Science |
ISBN | : 1400888816 |
Since its original publication, Expert Political Judgment by New York Times bestselling author Philip Tetlock has established itself as a contemporary classic in the literature on evaluating expert opinion. Tetlock first discusses arguments about whether the world is too complex for people to find the tools to understand political phenomena, let alone predict the future. He evaluates predictions from experts in different fields, comparing them to predictions by well-informed laity or those based on simple extrapolation from current trends. He goes on to analyze which styles of thinking are more successful in forecasting. Classifying thinking styles using Isaiah Berlin's prototypes of the fox and the hedgehog, Tetlock contends that the fox--the thinker who knows many little things, draws from an eclectic array of traditions, and is better able to improvise in response to changing events--is more successful in predicting the future than the hedgehog, who knows one big thing, toils devotedly within one tradition, and imposes formulaic solutions on ill-defined problems. He notes a perversely inverse relationship between the best scientific indicators of good judgement and the qualities that the media most prizes in pundits--the single-minded determination required to prevail in ideological combat. Clearly written and impeccably researched, the book fills a huge void in the literature on evaluating expert opinion. It will appeal across many academic disciplines as well as to corporations seeking to develop standards for judging expert decision-making. Now with a new preface in which Tetlock discusses the latest research in the field, the book explores what constitutes good judgment in predicting future events and looks at why experts are often wrong in their forecasts.
Author | : Sanjit Dhami |
Publisher | : MIT Press |
Total Pages | : 553 |
Release | : 2022-07-12 |
Genre | : Business & Economics |
ISBN | : 0262369656 |
Two leaders in the field explore the foundations of bounded rationality and its effects on choices by individuals, firms, and the government. Bounded rationality recognizes that human behavior departs from the perfect rationality assumed by neoclassical economics. In this book, Sanjit Dhami and Cass R. Sunstein explore the foundations of bounded rationality and consider the implications of this approach for public policy and law, in particular for questions about choice, welfare, and freedom. The authors, both recognized as experts in the field, cover a wide range of empirical findings and assess theoretical work that attempts to explain those findings. Their presentation is comprehensive, coherent, and lucid, with even the most technical material explained accessibly. They not only offer observations and commentary on the existing literature but also explore new insights, ideas, and connections. After examining the traditional neoclassical framework, which they refer to as the Bayesian rationality approach (BRA), and its empirical issues, Dhami and Sunstein offer a detailed account of bounded rationality and how it can be incorporated into the social and behavioral sciences. They also discuss a set of models of heuristics-based choice and the philosophical foundations of behavioral economics. Finally, they examine libertarian paternalism and its strategies of “nudges.”