By Sandra L. Schneider, James Shanteau
Through exposing readers to a wide selection of latest and promising views, this ebook complements the scope of judgment and decision-making examine. It bridges the distance among conventional paradigms and new strains of inquiry; expands wisdom of latest theories and techniques; and demonstrates how substitute ways can increase knowing.
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Additional resources for Emerging Perspectives on Judgment and Decision Research (Cambridge Series on Judgment and Decision Making)
In n1aking inferences and decisions. They described the goal of decision analysis as structuring and simplifying the task of making hard decisions as well and as easily as the nature of those decisions permits. , expected utility theory and multiattribute utility theory), and (e) sensitivity analyses (discerning how much conclusions depend on the precise values used). Decision analysts are not greatly concerned with inherent bias in human strategies per see The assumption is that, as long as time and effort are taken to elicit biases in multiple ways, various techniques (including debiasing procedures) can be applied to ensure that reasonable judgments are acquired to guide decisions properly.
The second debiasing approach entails encouraging or training deciders to alter permanently their basic judgment procedures. Their judgments would then be free of the focal biases when the decider confronts any decision problem that might present itself. , establishing a routine of seeking information that might contest one's initial opinions about any decision-related issue). Interestingly, advocates of debiasing techniques seldom explicitly discuss why the techniques ought to be used, that is, what the advocates assume decision quality to be and why their methods should be expected to improve such quality.
Otherwise, they would have simply disappeared from the marketplace. Similar pressures have probably ensured that the decision support systems that have survived possess certain specific advantages, too, efficiency in particular. After all, decision time and other costs are easy to assess and hence to reduce. This is especially so when there is sufficient motivation, such as the ever-present demand in the business world to control operating expenses. In their self-acknowledged pursuit of effectiveness, decision support system developers undoubtedly convey to users their aspiration to facilitate the achievement of the good outcomes our data indicate that deciders crave above all else.
Emerging Perspectives on Judgment and Decision Research (Cambridge Series on Judgment and Decision Making) by Sandra L. Schneider, James Shanteau