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Behavioral Decision Theory Psychological and Mathematical Descriptions of Human Choice Behavior
Author
Title
Behavioral Decision Theory [electronic resource] : Psychological and Mathematical Descriptions of Human Choice Behavior / by Kazuhisa Takemura.
ISBN
9789811654534
Edition
2nd ed. 2021.
Publication
Singapore : Springer Singapore : Imprint: Springer, 2021.
Physical Description
1 online resource (XVII, 394 p.) 93 illus., 33 illus. in color.
Local Notes
Access is available to the Yale community.
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Access restricted by licensing agreement.
Summary
This book is the second edition of Behavioral Decision Theory, published in 2014. The main approach and structure of this book have been retained in the new edition. However, this second edition provides a fresh overview of the idea of behavioral decision theory and related research findings such as theoretical and empirical discoveries of preference formation, time discounting, social interaction, and social decision making. The book covers a wide range from classical to relatively recent major studies concerning behavioral decision theory, which, in brief, is a general term for descriptive theories to explain the psychological knowledge related to people's decision-making behavior. It is called a theory but is actually a combination of various psychological theories, for which no axiomatic systems-such as those associated with the utility theory widely used in economics-have been established. The utility theory is often limited to qualitative knowledge; however, as the studies of Nobel laureates H. A. Simon, D. Kahneman, and R. Thaler have suggested, the psychological methodology and knowledge of behavioral decision theory have been applied widely in such fields as economics, business administration, and engineering and are expected to become even more useful in the future. Research into people's decision making represents an important part in those fields, various aspects of which overlap with the scope of behavioral decision theory. This theory is closely related to behavioral economics and behavioral finance, which have come into greater use in recent years. This book will appeal especially to graduate students, advanced undergraduate students, and researchers who are interested in decision-making phenomena.
Variant and related titles
Springer ENIN.
Other formats
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Printed edition:
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Format
Books / Online
Language
English
Added to Catalog
October 04, 2021
Contents
-Preface
I. Behavioral Decision Theory and the Idea of It
Chapter 1. Decision-making Phenomenon and Behavioral Decision Theory
Chapter 2. Preference and Preference Structure
II. Preference Reversal Phenomenon and Description of the Phenomenon
Chapter 3. Ordinal Utility and Preference Reversal Phenomenon
Chapter 4. Causes of the Preference Reversal Phenomenon
Chapter 5. Psychology of Preference Reversals and Prominence Hypothesis
III. Expected Utility Theory and Its Counterexamples
Chapter 6. Expected Utility Theory and Psychology
Chapter 7. Axioms and Counterexamples Expected Utility Theory
IV. Decision Making and Prospect Theory
Chapter 8. Preference Paradox and Nonlinear Expected Utility Theory
Chapter 9. Prospect Theory and Decision Making Phenomena
Chapter 10. Prospect Theory and Decision Making Phenomena
V. Framing Effect and Descriptions of It
Chapter 11. Framing Effect of Decision Making
Chapter 12. Theories Used to Explain the Framing Effect-Part VI Decision-Making Process and Its Theory
Chapter 13 Decision-Making Process
Chapter 14. Behavioral Decision Theories that Explain Decision-making processes
Chapter 15. Time Discounting
Chapter 16. Behavioral game theory and Social decision making
Chapter 17. Preference formation, decision making, and neuroscience of decisionmaking
Chapter 18. Behavioral decision theory and prescriptive approach.
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