The point of normative models in judgment and decision making

The point of normative models in judgment and decision making

In this comment, I shall try to summarize arguments that I have made before (Baron, 1985, 1994, 2004, 2006, 2008). These arguments are my attempt to state the standard view in the field of judgment and decision making (JDM). JDM is applied psychology. The ultimate goal is to improve judgments and decisions, or keep them from getting worse. In order to achieve this goal we need to know what good...

Normative models of judgment and decision making

The study of judgment and decision making (JDM) is traditionally concerned with the comparison of judgments to standards, standards that allow evaluation of the judgments as better or worse. I use the term “judgments” to include decisions, which are judgments about what to do. The major standards come from probability theory, utility theory, and statistics. These are mathematical theories or “m...

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