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The analysis of decision making under uncertainty has again become a major focus of interest. This volume presents contributions from leading specialists in different fields and provides a summary and synthesis of work in this area. It is based on a conference held at the Harvard Business School. The book brings together the different approaches to decision making normative, descriptive, and prescriptive which largely correspond to different disciplinary interests. Mathematicians have concentrated on rational procedures for decision making how people should make decisions. Psychologists have examined how poeple do make decisions, and how far their behaviour is compatible with any rational model. Operations researchers study the application of decision models to actual problems. Throughout, the aim is to present the current state of research and its application and also to show how the different disciplinary approaches can inform one another and thus lay the foundations for the integrated analysis of decision making. The book will be of interest to researchers, teachers for use as background reading for a decision theory course students, and consultants and others involved in the practical application of the analysis of decision making. It will be of interest to specialists and students in statistics, mathematics, economics, psychology and the behavioural sciences, operations research, and management science.
⚠️ WARNING (California Proposition 65):
This product may contain chemicals known to the State of California to cause cancer,
birth defects, or other reproductive harm.
I bought this for my psychology class, and it has been invaluable. The interactions between descriptive and normative theories are well explained. It’s a dry read at times, but the content is solid!
L
Liam O'Connor
A Great Reference for Students
I bought this for my psychology class, and it has been invaluable. The interactions between descriptive and normative theories are well explained. It’s a dry read at times, but the content is solid!
J
Joseph Kim
Not What I Expected
I thought this would be a straightforward guide, but it dives deep into theory. If you’re not ready for that, it might feel overwhelming. I had to put it down a few times!
J
Joseph Kim
Not What I Expected
I thought this would be a straightforward guide, but it dives deep into theory. If you’re not ready for that, it might feel overwhelming. I had to put it down a few times!
S
Sofia Martinez
Thought-Provoking Read on Decision-Making
I recently finished reading this book, and I found the normative and prescriptive interactions particularly insightful. The style is engaging, making complex concepts easier to grasp. Perfect for anyone interested in improving their decision-making skills!
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⚠️ California Proposition 65 Warning: Some products sold on this website may expose you to chemicals known to the State of California to cause cancer, birth defects, or other reproductive harm. For more information, visit www.P65Warnings.ca.gov.
