Rational Choice in an Uncertain World: The Psychology of Judgment and Decision Making

Rational Choice in an Uncertain World: The Psychology of Judgment and Decision Making

Rational Choice in an Uncertain World: The Psychology of Judgment and Decision Making

The authors are highly respected as leading figures in the field of judgment and decision making. There are many existing books on topics related to judgment and decision making, but this book makes a unique contribution to this field because of its systematic and scholarly approach, and its breadth of coverage.”
Robert Goldstone, Indiana University

Reid Hastie and Robyn Dawes are two of the most eminent researchers in the field. I know these authors to be excellent writers and I have no doubt that their writing style will be suitable for my students.
-William Goldstein, University of Chicago

In the new edition of this award-winning text, renowned authors Reid Hastie and Robyn Dawes compare and contrast the basic principles of rationality with actual behavior in making decisions. This book explores theories and research findings from the field of judgment and decision making in a non-technical manner, using anecdotes as a teaching device. Intended as an introductory textbook for advanced undergraduate and graduate students, the material not only is of scholarly interest but is practical as well.

New to This Edition

  • Chapter introductions, conclusions, and cross-references between chapters make the text more student friendly
  • An abundance of examples from areas such as finance, medicine, law, and engineering anchor concepts to the real world
  • Increased consideration of descriptive, psychological models of decision making augment the original emphasis on normative, rational, “Expected Utility Theory” models, bring the book up to date
  • Balance among the three major approaches to judgment and decision making: cognitive psychological analyses of mental processes and heuristics, descriptive algebraic models of judgment and decision processes, and rational models of decision making

List Price: $ 66.00

Price: $ 45.42


3 Comments so far »

  1. "phoenix830" said,

    Wrote on June 5, 2012 @ 9:55 pm

    22 of 23 people found the following review helpful
    4.0 out of 5 stars
    An interesting read, January 14, 2003
    By 

    I read this book as part of a college course on cognition. It was defintely the most interesting of the 3 books we read in this class.

    The book effectively teaches you how to go about making well-thought-out decisions. The text in itself is easy to read and comprehend. There are also many apt examples, both abstract and from everyday life. This combination ensures a successful reading of this book.

    While I would have probably never read this book if not for the class I took, I’m glad I did and would recommend this people from all walks of life. Being able to make a good, well-thought-out, rational decision is the best skill one can have.

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  2. "cagrier" said,

    Wrote on June 5, 2012 @ 10:43 pm

    15 of 15 people found the following review helpful
    5.0 out of 5 stars
    A must for all Decision Analysis Consultants, November 5, 2001
    By 
    “cagrier” (Chicago, IL) –

    As a management consultant working with clients to make higher quality decisions, I have made many observations of how people (especially executives and groups) make business decisions. But observing how they make decisions is different than “why” they decide what they decide. This book provides so much insight into the “why” it is definitely worth the reading. While the book is very valuable on the “why” it is a little dated on state of the art analytic decision techniques. But with that said, I would highly recommend this book to any consultant (OE, OD, DA, etc.) working with individuals or groups where decisions are being made.

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  3. Anonymous said,

    Wrote on June 5, 2012 @ 11:40 pm

    13 of 13 people found the following review helpful
    5.0 out of 5 stars
    A great update to a classic, July 27, 2002
    By A Customer

    The addition of Reid Hastie as an author to Robyn Dawes’ classic text on judgment and decision making was superb choice. This edition appears to be written very much in Hastie’s voice, from the perspective of a cognitive psychologist. Moreover, we find additional attention paid to algebraic models, which was something that was missing from previous editions. Hastie and Dawes ranks as one of the essential readings for the judgment and decision-making field.

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