{"product_id":"making-better-decisions-9781444336528","title":"Making Better Decisions","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003ci\u003eMaking Better Decisions\u003c\/i\u003e introduces readers to some of the principal aspects of decision theory, and examines how these might lead us to make better decisions.  \u003cul\u003e \u003cli\u003eIntroduces readers to key aspects of decision theory and examines how they might help us make better decisions\u003c\/li\u003e \u003cli\u003ePresentation of material encourages readers to imagine a situation and make a decision or a judgment\u003c\/li\u003e \u003cli\u003eOffers a broad coverage of the subject including major insights from several sub-disciplines: microeconomic theory, decision theory, game theory, social choice, statistics, psychology, and philosophy\u003c\/li\u003e \u003cli\u003eExplains these insights informally in a language that has minimal mathematical notation or jargon, even when describing and interpreting mathematical theorems\u003c\/li\u003e \u003cli\u003eCritically assesses the theory presented within the text, as well as some of its critiques\u003c\/li\u003e \u003cli\u003eIncludes a web resource for teachers and students\u003c\/li\u003e \u003c\/ul\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e\u003ci\u003ePreface\u003c\/i\u003e viii  \u003cp\u003e\u003ci\u003eAcknowledgments\u003c\/i\u003e x\u003c\/p\u003e \u003cp\u003e\u003cb\u003e1 Background 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eSuggested Reading 5\u003c\/p\u003e \u003cp\u003e\u003cb\u003e2 Judgment and Choice Biases 6\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 6\u003c\/p\u003e \u003cp\u003eProblems – Group A 9\u003c\/p\u003e \u003cp\u003eProblems – Group B 12\u003c\/p\u003e \u003cp\u003eFraming Effects 15\u003c\/p\u003e \u003cp\u003eBrainstorming and Formal Models 20\u003c\/p\u003e \u003cp\u003eEndowment Effect 22\u003c\/p\u003e \u003cp\u003eSunk Costs 27\u003c\/p\u003e \u003cp\u003eDecision Trees 30\u003c\/p\u003e \u003cp\u003eRepresentativeness Heuristic 34\u003c\/p\u003e \u003cp\u003eAvailability Heuristic 39\u003c\/p\u003e \u003cp\u003eAnchoring 44\u003c\/p\u003e \u003cp\u003eMental Accounting 46\u003c\/p\u003e \u003cp\u003eDynamic Inconsistency 51\u003c\/p\u003e \u003cp\u003eExercises 53\u003c\/p\u003e \u003cp\u003e\u003cb\u003e3 Consuming Statistical Data 57\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 57\u003c\/p\u003e \u003cp\u003eProblems 58\u003c\/p\u003e \u003cp\u003eConditional Probabilities 63\u003c\/p\u003e \u003cp\u003eGambler’s Fallacy 72\u003c\/p\u003e \u003cp\u003eBiased Samples 77\u003c\/p\u003e \u003cp\u003eRegression to the Mean 80\u003c\/p\u003e \u003cp\u003eCorrelation and Causation 81\u003c\/p\u003e \u003cp\u003eStatistical Significance 84\u003c\/p\u003e \u003cp\u003eBayesian and Classical Statistics 85\u003c\/p\u003e \u003cp\u003eExercises 93\u003c\/p\u003e \u003cp\u003e\u003cb\u003e4 Decisions under Risk 98\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 98\u003c\/p\u003e \u003cp\u003eProblems 99\u003c\/p\u003e \u003cp\u003eThe Independence Axiom 102\u003c\/p\u003e \u003cp\u003eVon Neumann and Morgenstern's Result 110\u003c\/p\u003e \u003cp\u003eMeasurement of Utility 113\u003c\/p\u003e \u003cp\u003eRisk Aversion 116\u003c\/p\u003e \u003cp\u003eProspect Theory 123\u003c\/p\u003e \u003cp\u003eExercises 130\u003c\/p\u003e \u003cp\u003e\u003cb\u003e5 Decisions under Uncertainty 133\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 133\u003c\/p\u003e \u003cp\u003eProblems 134\u003c\/p\u003e \u003cp\u003eSubjective Probability 141\u003c\/p\u003e \u003cp\u003eLearning From the Fact We Know 151\u003c\/p\u003e \u003cp\u003eCausality 163\u003c\/p\u003e \u003cp\u003eThe Sure Thing Principle 166\u003c\/p\u003e \u003cp\u003eAlternative Models 171\u003c\/p\u003e \u003cp\u003eObjective Probabilities 172\u003c\/p\u003e \u003cp\u003eExercises 174\u003c\/p\u003e \u003cp\u003e\u003cb\u003e6 Well-Being and Happiness 178\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 178\u003c\/p\u003e \u003cp\u003eProblems – Group A 179\u003c\/p\u003e \u003cp\u003eProblems – Group B 180\u003c\/p\u003e \u003cp\u003eMeasurement Issues 184\u003c\/p\u003e \u003cp\u003eWhat's Happiness? 186\u003c\/p\u003e \u003cp\u003eExercises 188\u003c\/p\u003e \u003cp\u003e\u003cb\u003eAppendix A: Optimal Choice 191\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eAppendix B: Probability and Statistics 195\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eSolutions 204\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003ci\u003eIndex\u003c\/i\u003e 210\u003c\/p\u003e","brand":"John Wiley and Sons Ltd","offers":[{"title":"Default Title","offer_id":49408390136151,"sku":"9781444336528","price":38.9,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781444336528.jpg?v=1730502725","url":"https:\/\/bookcurl.com\/products\/making-better-decisions-9781444336528","provider":"Book Curl","version":"1.0","type":"link"}