PSYCHOLOGICAL STUDY OF HUMAN JUDGMENT: IMPLICATIONS FOR INVESTMENT DECISION MAKING

PSYCHOLOGICAL SCIENCE Commentary JUDGMENT AND DECISION MAKING: A Personal View

The large number of textbooks recently published identifies the field of judgment and decision making as one of the areas of psychology in which research activity grew most rapidly during the past two decades. The enthusiasm is easily explained: The topic has much to make it appealing to investigators. Its focus is a large puzzle that will not go away—a search for the bounds of human rationahty...

Judgment and Decision Making:

(probably none of whom agrees with everything in the chapter).

Judgment and decision making.

The study of judgment and decision making entails three interrelated forms of research: (1) normative analysis, identifying the best courses of action, given decision makers' values; (2) descriptive studies, examining actual behavior in terms comparable to the normative analyses; and (3) prescriptive interventions, helping individuals to make better choices, bridging the gap between the normati...

Blackwell Handbook of Judgment and Decision Making Blackwell Handbook of Judgment and Decision Making

Problems for judgment and decision making.

This review examines recent developments during the past 5 years in the field of judgment and decision making, written in the form of a list of 16 research problems. Many of the problems involve natural extensions of traditional, originally rational, theories of decision making. Others are derived from descriptive algebraic modeling approaches or from recent developments in cognitive psychology...