Rational Choice in an Uncertain World: The Psychology of Judgement and Decision Making
First Edition, Winner of the prestigious William James Award from the American Psychological Association
An understanding of the principles of rational decision making can help students improve the quality of their lives. Intended as an introductory textbook, the material in Rational Choice in an Uncertain World is not only of scholarly interest, but practical as well. Created specifically for courses on judgement and decision-making, this book makes research readily accessible to both undergraduate and graduate students. This Second Edition of the award-winning book, Rational Choice in an Uncertain World (1988) by Robyn M. Dawes, is sure to interest and enlighten students at all levels.
This new edition features:
New student friendly chapter introductions as well as conclusions and cross-references between chapters.
Award-winning authors are respected professors with over 30 years of experience in the field.
Practical, everyday examples from such areas as finance, medicine, law, and engineering.
Comprehensive and up-to-date information keep this edition abreast of the changing ideas within the discipline
Additional discussion of the descriptive, psychological models of decision making to expand upon the original emphasis on normative, rational, `Expected Utility Theory' models.
Equipped with this knowledge and an understanding of the principles of rational decision making, both undergraduate and graduate students can help improve the quality of their choices and, thus, their life.
What people are saying - Write a review
Review: Rational Choice in an Uncertain World: The Psychology of Judgement and Decision MakingUser Review - Kelly - Goodreads
This seems like a very thorough and accessible introduction to the subject. I was pleasantly surprised at the amount of it that wasn't simply review for me, but even what was review was presented very ... Read full review
Review: Rational Choice in an Uncertain World: The Psychology of Judgement and Decision MakingUser Review - Bethnadine - Goodreads
Not bad, but very philosophical. I had a hard time getting through chapters and understanding the point the author was trying to make. Read full review
Thinking and Deciding
What Is Decision Making?
A General Framework for Judgment
Judgments From Memory
Anchoring and Adjustment
Judgment by Similarity
Judging by Scenarios and Explanations
Thinking About Randomness and Causation
Complex Values and Attitudes
A Normative Rational Decision Theory
A Descriptive Psychological Decision Theory
In Praise of Uncertainty
The Principles of Probability Theory
Beliefs That Violate the Principles of Probability Theory
About the Authors
Thinking Rationally About Uncertainty