Attribute Evaluability and Its Implications for Joint-Separate Evaluation Reversals and Beyond PDF Download
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Author: Christopher K. Hsee
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
The evaluability hypothesis posits that when two objects are evaluated separately, whether a given attribute of the objects can differentiate the evaluations of these objects depends on whether the attribute is easy or difficult to evaluate independently. The article discusses how the evaluability hypothesis explains joint-separate evaluation reversal, which is the phenomenon that the rank order of the evaluations of multiple objects changes depending on whether these objects are evaluated jointly or separately. The article presents empirical evidence for the evaluability hypothesis. The final section of the article discusses implications of the hypothesis for issues beyond reversals-in particular for inconsistencies between decisions and their consequences. Decisions are typically made in the joint evaluation mode, and outcome of a decision is usually experienced (or consumed) in the separate evaluation mode. Thus, reversals between joint and separate evaluation may manifest themselves in decision-consumption inconsistencies.
Author: Christopher K. Hsee
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
The evaluability hypothesis posits that when two objects are evaluated separately, whether a given attribute of the objects can differentiate the evaluations of these objects depends on whether the attribute is easy or difficult to evaluate independently. The article discusses how the evaluability hypothesis explains joint-separate evaluation reversal, which is the phenomenon that the rank order of the evaluations of multiple objects changes depending on whether these objects are evaluated jointly or separately. The article presents empirical evidence for the evaluability hypothesis. The final section of the article discusses implications of the hypothesis for issues beyond reversals-in particular for inconsistencies between decisions and their consequences. Decisions are typically made in the joint evaluation mode, and outcome of a decision is usually experienced (or consumed) in the separate evaluation mode. Thus, reversals between joint and separate evaluation may manifest themselves in decision-consumption inconsistencies.
Author: Daniel Kahneman
Publisher: Cambridge University Press
ISBN: 9780521627498
Category : Business & Economics
Languages : en
Pages : 864
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Book Description
This book presents the definitive exposition of 'prospect theory', a compelling alternative to the classical utility theory of choice. Building on the 1982 volume, Judgement Under Uncertainty, this book brings together seminal papers on prospect theory from economists, decision theorists, and psychologists, including the work of the late Amos Tversky, whose contributions are collected here for the first time. While remaining within a rational choice framework, prospect theory delivers more accurate, empirically verified predictions in key test cases, as well as helping to explain many complex, real-world puzzles. In this volume, it is brought to bear on phenomena as diverse as the principles of legal compensation, the equity premium puzzle in financial markets, and the number of hours that New York cab drivers choose to drive on rainy days. Theoretically elegant and empirically robust, this volume shows how prospect theory has matured into a new science of decision making.
Author: Cass R. Sunstein
Publisher: MIT Press
ISBN: 0262538989
Category : Political Science
Languages : en
Pages : 342
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Book Description
An “illuminating” study that reveals the different ways social change occurs—for readers of Freakonomics and Thinking, Fast and Slow (The New York Times) How does social change happen? When do social movements take off? Sexual harassment was once something that women had to endure; now a movement has risen up against it. White nationalist sentiments, on the other hand, were largely kept out of mainstream discourse; now there is no shortage of media outlets for them. In this book, with the help of behavioral economics, psychology, and other fields, Cass Sunstein casts a bright new light on how change happens. Sunstein focuses on the crucial role of social norms—and on their frequent collapse. When norms lead people to silence themselves, even an unpopular status quo can persist. Then one day, someone challenges the norm—a child who exclaims that the emperor has no clothes; a woman who says “me too.” Sometimes suppressed outrage is unleashed, and long-standing practices fall. Sometimes change is more gradual, as “nudges” help produce new and different decisions—apps that count calories; texted reminders of deadlines; automatic enrollment in green energy or pension plans. Sunstein explores what kinds of nudges are effective and shows why nudges sometimes give way to bans and mandates. Finally, he considers social divisions, social cascades, and “partyism,” when identification with a political party creates a strong bias against all members of an opposing party—which can both fuel and block social change.
Author: Cass R. Sunstein
Publisher: Cambridge University Press
ISBN: 1009400479
Category : Political Science
Languages : en
Pages : 223
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Book Description
Here is the most fundamental question in human life: How do we decide how we decide? We make such decisions all the time. If you trust your doctor, you might decide to follow a simple rule for medical decisions: Do whatever your doctor suggests. If you like someone a lot, and maybe love them, but are not sure whether you want to marry them, you might do this: Live with them first. Some of these strategies are wise. They prevent error. They improve your emotional well-being. Some of these strategies are foolish. They lead you in the direction of terrible mistakes. They prevent you from learning. They might make you miserable. Drawing on and revising previously published essays, Decisions about Decisions explores how people do, and should, make decisions about decisions. It aims to see what they are, to explore how they go right, and see where they go wrong.
Author: Daniel Kahneman
Publisher: Farrar, Straus and Giroux
ISBN: 1429969350
Category : Psychology
Languages : en
Pages : 511
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Book Description
Major New York Times bestseller Winner of the National Academy of Sciences Best Book Award in 2012 Selected by the New York Times Book Review as one of the ten best books of 2011 A Globe and Mail Best Books of the Year 2011 Title One of The Economist's 2011 Books of the Year One of The Wall Street Journal's Best Nonfiction Books of the Year 2011 2013 Presidential Medal of Freedom Recipient Kahneman's work with Amos Tversky is the subject of Michael Lewis's The Undoing Project: A Friendship That Changed Our Minds In his mega bestseller, Thinking, Fast and Slow, Daniel Kahneman, the renowned psychologist and winner of the Nobel Prize in Economics, takes us on a groundbreaking tour of the mind and explains the two systems that drive the way we think. System 1 is fast, intuitive, and emotional; System 2 is slower, more deliberative, and more logical. The impact of overconfidence on corporate strategies, the difficulties of predicting what will make us happy in the future, the profound effect of cognitive biases on everything from playing the stock market to planning our next vacation—each of these can be understood only by knowing how the two systems shape our judgments and decisions. Engaging the reader in a lively conversation about how we think, Kahneman reveals where we can and cannot trust our intuitions and how we can tap into the benefits of slow thinking. He offers practical and enlightening insights into how choices are made in both our business and our personal lives—and how we can use different techniques to guard against the mental glitches that often get us into trouble. Winner of the National Academy of Sciences Best Book Award and the Los Angeles Times Book Prize and selected by The New York Times Book Review as one of the ten best books of 2011, Thinking, Fast and Slow is destined to be a classic.
Author: Simon French
Publisher: Cambridge University Press
ISBN: 0521883342
Category : Business & Economics
Languages : en
Pages : 503
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Book Description
A multi-disciplinary exploration of how we can help decision makers to deliberate and make better decisions.
Author: Jonathan Aldred
Publisher: Earthscan
ISBN: 1849773262
Category : Business & Economics
Languages : en
Pages : 288
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Book Description
The Skeptical Economist rejects the story told by other popular economics books. It shows that economics is not an agreed body of knowledge or an objective science. In reality, economics is built on ethical foundations, distinctive and controversial views about how we ought to live, and what we value.
Author: Daniel Reisberg
Publisher:
ISBN: 0195376749
Category : Medical
Languages : en
Pages : 1106
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Book Description
This handbook is an essential, comprehensive resource for students and academics interested in topics in cognitive psychology, including perceptual issues, attention, memory, knowledge representation, language, emotional influences, judgment, problem solving, and the study of individual differences in cognition.
Author: K. I. Manktelow
Publisher: Psychology Press
ISBN: 1841697419
Category : Psychology
Languages : en
Pages : 330
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Book Description
This completely rewritten textbook reflects on the revolutionary changes that have occurred in the field of Thinking and Reasoning in recent years.
Author: Ken Manktelow
Publisher: Psychology Press
ISBN: 1136295232
Category : Psychology
Languages : en
Pages : 330
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Book Description
The area of psychological research reviewed in this book is one that is not only increasing in popularity in college curricula, but is also making an ever larger impact on the world outside the classroom. Drawing upon research originally cited in Ken Manktelow’s highly successful publication Reasoning and Thinking, this completely rewritten textbook reflects on the revolutionary changes that have occurred in the field in recent years, stemming from the huge expansion in research output, as well as new methods and explanations, and the appearance of numerous books on the subject aimed at the popular market. The main areas covered are probability judgment, deductive and inductive reasoning, decision making, hypothetical thinking and rationality. In each case, the material is almost entirely new, with topics such as the new paradigm in reasoning research, causal reasoning and counterfactual thinking appearing for the first time. The book also presents an extended treatment of decision making research, and contains a chapter on individual and cultural influences on thinking. Thinking and Reasoning provides a detailed, integrated and approachable treatment of this area of cognitive psychology, and is ideal reading for intermediate and advanced undergraduate students; indeed, for anyone interested in how we draw conclusions and make choices.
