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Escaping from bad decisions : a behavioral decision-theoretic perspective /
"Escaping from Bad Decisions: A Behavioral Decision-Theoretic Perspective presents a modern conceptual and mathematical framework of the decision-making process. This framework explains how decision-making under certainty, risk, and uncertainty can be better understood and theoretically explain...
| Clasificación: | Libro Electrónico |
|---|---|
| Autor principal: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
Amsterdam :
Academic Press,
2021.
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| Colección: | Perspectives in behavioral economics and the economics of behavior
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| Temas: | |
| Acceso en línea: | Texto completo |
MARC
| LEADER | 00000cam a2200000 i 4500 | ||
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| 001 | SCIDIR_on1263808493 | ||
| 003 | OCoLC | ||
| 005 | 20231120010558.0 | ||
| 006 | m o d | ||
| 007 | cr cnu---unuuu | ||
| 008 | 210514s2021 ne o 001 0 eng d | ||
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| 015 | |a GBC1A7191 |2 bnb | ||
| 016 | 7 | |a 020250170 |2 Uk | |
| 020 | |a 0128160330 |q (electronic book) | ||
| 020 | |a 9780128160336 |q (electronic bk.) | ||
| 020 | |z 9780128160329 |q (paperback) | ||
| 035 | |a (OCoLC)1263808493 | ||
| 050 | 4 | |a BF448 |b .T35 2021 | |
| 082 | 0 | 4 | |a 153.83 |2 23 |
| 100 | 1 | |a Takemura, Kazuhisa, |d 1960- |e author. | |
| 245 | 1 | 0 | |a Escaping from bad decisions : |b a behavioral decision-theoretic perspective / |c Kazuhisa Takemura. |
| 264 | 1 | |a Amsterdam : |b Academic Press, |c 2021. | |
| 300 | |a 1 online resource | ||
| 336 | |a text |b txt |2 rdacontent | ||
| 337 | |a computer |b c |2 rdamedia | ||
| 338 | |a online resource |b cr |2 rdacarrier | ||
| 490 | 0 | |a Perspectives in behavioral economics and the economics of behavior | |
| 500 | |a Includes indexes. | ||
| 505 | 0 | |a Front Cover -- Escaping From Bad Decisions -- Copyright Page -- Contents -- About the author -- Preface -- 1 Introduction: Escaping from bad decisions -- 1.1 The classical problem of bad decision-making and akrasia -- 1.2 Second-order desires and bad decisions -- 1.3 The perspective proposed in this book: avoiding bad decision-making through prescriptive heuristics based on scientific... -- 1.3.1 The prescriptive approach of decision-making -- 1.3.2 Comparison of the approach adopted in this book with nudging and boosting -- 1.4 An overview of the contents of this book and suggestion to avoid bad decisions -- 1.4.1 The idea of worst and best decisions -- 1.4.2 Pluralism in decision-making -- 1.4.3 Prescriptive pluralistic decision-making -- 1.5 Conclusion and future perspectives -- References -- 2 Formal definitions of the worst decisions, best decisions, and bad decisions -- 2.1 Framework to describe decision-making -- 2.1.1 What is the best and bad decision? -- 2.1.2 Preference relation and set theory -- 2.1.3 Ordering and comparative judgment -- 2.1.4 Various forms of comparative judgments -- 2.1.5 Various types of preference relation -- 2.2 Worst option, best option, and bad decision -- 2.2.1 Definition of worst and best options -- 2.2.2 Relationship between worst and best options -- 2.3 Conditions for guaranteeing preference relations of the worst and best options -- 2.3.1 Existence condition of worst option -- 2.3.2 Existence condition of best option -- 2.3.3 Relation of the worst and best options -- 2.4 Necessary and sufficient conditions for the existence of worst and best options -- 2.4.1 Necessary and sufficient conditions for the existence of worst option -- 2.4.2 Necessary and sufficient conditions for the existence of best option -- 2.4.3 Necessary and sufficient conditions for the existence of worst and best options. | |
| 505 | 8 | |a 2.5 Conclusion -- References -- 3 Rational choice, irrational choice, and bad decisions -- 3.1 Economic man and rational decision-making -- 3.2 Greatest element rationalizability -- 3.2.1 Greatest element rationalizability and the best option -- 3.2.2 Criteria of rationality and weak order -- 3.2.2.1 Two criteria of rationality -- 3.2.2.2 Rational choice and weak order -- 3.2.3 Criteria of irrationality and weak order -- 3.2.3.1 Two criteria of irrationality -- 3.2.3.2 Irrational choice and weak order -- 3.2.4 Criteria of rationality and irrationality -- 3.2.4.1 Two criteria of rationality and irrationality -- 3.3 Maximal-element rationalizability -- 3.3.1 Maximal-element rational choice -- 3.3.1.1 Maximal-element rationalizability and not inferior option -- 3.3.1.2 Maximal option and quasiorder -- 3.3.1.3 Theorem of the maximal-element rationalization -- 3.3.2 Maximal-element irrationality and bad decision -- 3.3.2.1 Maximal-element irrationality and not superior option -- 3.3.2.2 Maximal option and quasiorder -- 3.3.2.3 Theorem of the maximal-element irrational choice -- 3.3.3 Maximal-element irrationality and rationality -- 3.4 Conclusion -- References -- 4 Preference ordering and measurement -- 4.1 Understanding preference relationships through ordering decisions and behavioral observations -- 4.2 Aspects of ordering decisions -- 4.2.1 Properties of preference relations -- 4.2.2 Equivalence relation -- 4.2.3 Relationship system -- 4.2.4 Total order and representation theorem -- 4.2.5 Weak order and representation theorem -- 4.3 What is the measurement of preference relations? -- 4.3.1 Correspondence and measurement -- 4.3.2 On the measurement and representation of preference relation -- 4.3.3 Uniqueness and measurement scale level -- 4.4 Quantitative representation of possible psychophysical laws and preference relations in terms of scale levels. | |
| 505 | 8 | |a 4.4.1 Psychophysical laws -- 4.4.1.1 Psychological scale structure of preference -- 4.4.2 Representational measurement approach -- 4.5 Conclusion -- References -- 5 Rational preference, irrational preference, and revealed preference -- 5.1 Rationality criteria and revealed preference -- 5.2 The concept of revealed preference -- 5.3 Utility functions and indifference curves -- 5.3.1 Indifference curve -- 5.3.2 Perfect substitute goods -- 5.3.3 Complete complementary goods -- 5.3.4 Indifference curve groups for noneconomic goods -- 5.3.5 Indifference curve group of neutral goods -- 5.4 Revealed preference -- 5.4.1 What is revealed preference? -- 5.4.2 Principle of revealed preference -- 5.4.3 Weak axiom of revealed preference -- 5.4.4 Strong axiom of revealed preference -- 5.4.5 A more general definition of rationality and revealed preference -- 5.5 Irrational choice and revealed preference -- 5.6 Revealed attention -- 5.7 Empirical testing of acyclic preference relations -- 5.7.1 Empirical investigation of acyclicity -- 5.7.2 Nontransitivity and thresholds -- 5.7.3 A decision-making model to explain nontransitivity -- 5.8 Conclusion -- References -- 6 Multiattribute decision-making, multiobjective optimization, and the additive conjoint system -- 6.1 Plurality of values and multiattribute decision-making -- 6.2 Difficulties of multiattribute decision-making -- 6.2.1 Multiattribute decision-making and information search -- 6.2.2 Multiattribute decision-making, best decision, and worst decision -- 6.2.3 Multiattribute decision-making and intransitivity of preference -- 6.2.4 Difficulty of multiattribute decision-making and its psychological cause -- 6.3 Theoretical examination when multiattribute decision-making does not satisfy weak order property of preference -- 6.3.1 Preference based on the dominance principle. | |
| 505 | 8 | |a 6.3.2 Preference based on the principle of the maximum number of dominant attributes -- 6.3.3 Impossibility theorem of multiattribute decision-making -- 6.4 Multiattribute decision-making and multioptimization -- 6.4.1 Multioptimization -- 6.4.2 Concept of multiobjective optimization -- 6.5 Additive conjoint structure and quasi best decision -- 6.5.1 Making the best decision with a single attribute and utility function -- 6.5.2 Multiattribute decision-making and additive conjoint structure -- 6.5.3 Axiomatic properties of additive conjoint structure -- 6.6 Conclusion -- References -- 7 A computer simulation of cognitive effort and the accuracy of two-stage decision strategies in a multiattribute decision-... -- 7.1 Introduction -- 7.2 Findings and problems of previous research on decision strategies -- 7.2.1 Decision strategies identified -- 7.2.2 Computer simulation studies of multiattribute decision-making process and problems -- 7.3 Purpose and methods of computer simulation 1 -- 7.3.1 Purpose of computer simulation 1 -- 7.3.2 Method of computer simulation 1 -- 7.4 Results and discussion of computer simulation 1 -- 7.4.1 Strategies and cognitive effort in the first-stage -- 7.4.2 First-stage strategies and relative accuracy -- 7.4.3 Relationship between relative accuracy and cognitive effort -- 7.4.4 Relationship between the number of options, cognitive effort, and relative accuracy -- 7.4.4.1 Relationship between the number of choices and cognitive effort -- 7.4.4.2 Relationship between the number of choices and relative accuracy -- 7.4.5 Relationship between the number of attributes and cognitive effort and relative accuracy -- 7.4.5.1 Relationship between the number of attributes and cognitive effort -- 7.4.5.2 Relationship between the number of two attributes and relative accuracy -- 7.5 Purpose and method of computer simulation 2. | |
| 505 | 8 | |a 7.5.1 Purpose of computer simulation 2 -- 7.5.2 Method of computer simulation 2 -- 7.6 Results and discussion of computer simulation 2 -- 7.6.1 Relationship between the number of options left in the second-stage and cognitive effort -- 7.6.2 Relationship between the number of alternatives left in the second-stage and relative accuracy -- 7.7 General discussion -- 7.8 Conclusions and problems of this study -- References -- 8 A computer simulation of bad decisions and good decisions: an extended analysis of two-stage decision strategies -- 8.1 A comparison between additive strategy (WAD) and lexicographic strategy (LEX) in multiattribute decision-making -- 8.2 Methodology of this study -- 8.2.1 Target decision strategy -- 8.2.2 Indicators of decision-making -- 8.2.3 Method of computer simulation -- 8.3 Results and discussion of computer simulation -- 8.3.1 Cognitive effort (elementary information processes) -- 8.3.2 Choice rate of the worst option -- 8.3.3 Relative accuracy defined by the difference from the minimum value and by Payne et al -- 8.3.4 Relative accuracy divided by cognitive effort (an index of efficiency) -- 8.3.5 Best choice rate -- 8.4 General discussions -- 8.5 Conclusion -- References -- 9 A process tracing study of decision strategies and bad decisions -- 9.1 Implementation of the additive decision strategy and bad decision: a pilot study -- 9.1.1 Previous research on the choice accuracy and its problem -- 9.1.2 Purpose of the experiment -- 9.1.3 Method -- 9.1.4 Result and discussion -- 9.2 How to examine the effect of a second-stage decision-making strategy using process tracking on the bad decisions -- 9.2.1 Issues to be examined and the purpose of this study -- 9.2.2 Method of monitoring information acquisition as a process tracking technique -- 9.2.3 Overview of the experiment -- 9.2.4 Methods of the experiment. | |
| 520 | |a "Escaping from Bad Decisions: A Behavioral Decision-Theoretic Perspective presents a modern conceptual and mathematical framework of the decision-making process. This framework explains how decision-making under certainty, risk, and uncertainty can be better understood and theoretically explained, and provides a critical examination of psychological models in multi-attribute decision-making. It evaluates and defines the constitutive elements of "good decisions" and "bad decisions." By defining ordinal utility theory relating to multi-attribute decision-making, this book re-interprets the rationality of multi-attribute decision-making based on Arrow's general possibility theorem"-- |c Provided by publisher. | ||
| 650 | 0 | |a Decision making. | |
| 650 | 0 | |a Decision making |x Mathematical models. | |
| 650 | 2 | |a Decision Making |0 (DNLM)D003657 | |
| 650 | 2 | |a Decision Support Techniques |0 (DNLM)D003661 | |
| 650 | 6 | |a Prise de d�ecision. |0 (CaQQLa)201-0007575 | |
| 650 | 6 | |a Prise de d�ecision |x Mod�eles math�ematiques. |0 (CaQQLa)201-0007679 | |
| 650 | 7 | |a decision making. |2 aat |0 (CStmoGRI)aat300054615 | |
| 650 | 7 | |a Decision making |2 fast |0 (OCoLC)fst00889035 | |
| 650 | 7 | |a Decision making |x Mathematical models |2 fast |0 (OCoLC)fst00889048 | |
| 776 | 0 | 8 | |i Print version: |z 9780128160329 |
| 856 | 4 | 0 | |u https://sciencedirect.uam.elogim.com/science/book/9780128160329 |z Texto completo |