Utility, Probability, and Human Decision Making

Selected Proceedings of an Interdisciplinary Research Conference, Rome, 3–6 September, 1973

  • Dirk Wendt
  • Charles Vlek

Part of the Theory and Decision Library book series (TDLU, volume 11)

Table of contents

  1. Front Matter
    Pages I-VIII
  2. Multi-Attribute Utility

  3. Subjective Probability

    1. Front Matter
      Pages 135-135
    2. Dirk Wendt, Charles Vlek
      Pages 137-140
    3. Amos Tversky, Daniel Kahneman
      Pages 141-162
    4. Gordon F. Pitz
      Pages 163-176
    5. Allan H. Murphy, Robert L. Winkler
      Pages 177-198
  4. Probability in Courtroom Decision Making

    1. Front Matter
      Pages 217-217
    2. Dirk Wendt, Charles Vlek
      Pages 219-221
    3. D. V. Lindley
      Pages 223-232
    4. William B. Fairley
      Pages 233-256
  5. Some Alternative Views on Decision Behavior

    1. Front Matter
      Pages 271-271

About this book

Introduction

Human decision making involves problems which are being studied with increasing interest and sophistication. They range from controversial political decisions via individual consumer decisions to such simple tasks as signal discriminations. Although it would seem that decisions have to do with choices among available actions of any kind, there is general agreement that decision making research should pertain to choice prob­ lems which cannot be solved without a predecisional stage of finding choice alternatives, weighing evidence, and judging values. The ultimate objective of scientific research on decision making is two-fold: (a) to develop a theoretically sound technology for the optimal solution of decision problems, and (b) to formulate a descriptive theory of human decision making. The latter may, in tum, protect decision makers from being caught in the traps of their own limitations and biases. Recently, in decision making research the strong emphasis on well­ defined laboratory tasks is decreasing in favour of more realistic studies in various practical settings. This may well have been caused by a growing awareness of the fact that decision-behaviour is strongly determined by situational factors, which makes it necessary to look into processes of interaction between the decision maker and the relevant task environ­ ment. Almost inevitably there is a parallel shift of interest towards problems of utility measurement and the evaluation of consequences.

Keywords

assessment complexity experiment identification punishment research welfare

Editors and affiliations

  • Dirk Wendt
    • 1
  • Charles Vlek
    • 2
  1. 1.University of KielGermany
  2. 2.University of LeydenNetherlands

Bibliographic information

  • DOI https://doi.org/10.1007/978-94-010-1834-0
  • Copyright Information Springer Science+Business Media B.V. 1975
  • Publisher Name Springer, Dordrecht
  • eBook Packages Springer Book Archive
  • Print ISBN 978-94-010-1836-4
  • Online ISBN 978-94-010-1834-0
  • About this book
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