Rational Choice in an Uncertain World: The Psychology of Judgement and Decision Making

When faced with an important decision, we are often on our own to think through what we might do and what the probable consequences of out behaviors are. As we make these judgments, it is important that we be able to communicate precisely and fluently with one another. In **Rational Choice in an Uncertain World**, renowned authors Hastie and Dawes compare the basic principles of rationality with actual behavior in making decisions. They describe theories and research finding from the field of judgment and decision making in a non-technical manner, using anecdotes as a teaching device. Intended as an introductory textbook for advanced undergraduate and graduate students, the material not only is of scholarly interest but is practical as well. In this volume, you’ll find: * New, student-friendly chapter introductions and conclusions * Practical, everyday examples from the fields of finance, medicine, law and engineering * Comprehensive, up-to-date information keeping pace with changing ideas within the field * Additional discussion of the descriptive, psychological models of decision making to expand upon the original emphasis on normative, rational, expected utility models