Judgments, Decisions, and Public Policy

by Jeffrey C. Fox

Book Overview

Behavioral decision theory draws on experimental research in cognitive psychology to provide a descriptively accurate model of human behavior. It shows that people systematically violate the normative assumptions of economic rationality by miscalculating probabilities and making choices based on one-economic criteria. Behavioral decision theory's ability to capture the complexity of human judgments and choices makes it a useful foundation for improving...

• Format: Paperback
• Language: English
• ISBN: 0521179955
• ISBN13: 9780521179959
• Release Date: February 2011
• Publisher: Cambridge University Press
• Length: 386 Pages
• Weight: 1.24 lbs.
• Dimensions: 0.9" x 6.0" x 9.0"