The Psychology of Judgment and Decision Making Scott Plous
Publisher: McGraw-Hill

Mechanisms of collective decision-making in bees. 2013 · by CognoBytes is a cognitive science / cognitive psychology blog with special emphasis on research on judgment and decision making. Behavioral Economics is heavily based on descriptive decision theories i.e. Kahneman is a psychologist whose research has focused on topics like the psychology of judgment and decision-making. According to Kahneman, human thinking can be characterized in terms of two types. Kahneman is a an Israeli-American psychologist and Nobel Laureate with expertise on the psychology of judgment and decision-making. He's also an all-around nice guy. His research focuses on the intersection of behavioral economics, marketing, and the psychology of judgment and decision-making. They include bodies of knowledge drawn from statistics, decision science, social and cognitive psychology, and 'judgment and decision making' (JDM) psychological literature. An Introduction to the Psychology of Reason, Judgment and Decision Making The main areas covered are probability judgment, deductive and inductive reasoning, decision making, hypothetical thinking and rationality. One likely outcome of teaching and learning effective decision making might be an increase in students selecting appropriate majors with a subsequent decrease in students switching majors. Psychology of Judgment and Decision Making. [iv] Baron, Jonathan, 2008, Thinking and Deciding, 4th Ed.,, NY, Cambridge University Press, p.225;Plous, Scott, 1993, The Psychology of Judgment and Decision Making, N.Y. It was concluded that statistical models are always equal to or more accurate than purely qualitative psychological judgments (Hastie & Dawes, 2001). An effective decision maker makes rational decisions that offer the . In particular, he has identified many biases and heuristics that impact the way we think. The book Kahneman was a winner of the Nobel Prize in Economics in 2002 for his work about decision making, and currently serves as a professor at Professor at Princeton in both the Psychology and Public & International Affairs departments. Thinking Fast and Slow by Daniel Kahneman presents an up-to-date survey of decision making theory in order to help individuals identify errors of judgment and choice in others and hopefully, but more difficultly, themselves.