Download or read book Understanding and Overcoming Biases in Judgment and Decision Making With Real Life Consequences written by Yasmina Okan and published by Frontiers Media SA. This book was released on 2022-12-01 with total page 171 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Judgment and Decision Making written by Baruch Fischhoff and published by Routledge. This book was released on 2013-06-17 with total page 405 pages. Available in PDF, EPUB and Kindle. Book excerpt: Behavioral decision research offers a distinctive approach to understanding and improving decision making. It combines theory and method from multiple disciples (psychology, economics, statistics, decision theory, management science). It employs both empirical methods, to study how decisions are actually made, and analytical ones, to study how decisions should be made and how consequential imperfections are. This book brings together key publications, selected to represent the major topics and approaches used in the field. Put in one place, with integrating commentary, it shows the common elements in a research program that represents the scope of the field, while offering depth in each. Together, they provide a vision for what has become a burgeoning field.

Download or read book Psychology of Judgment and Decision Making The Comprehensive Guide written by VIRUTI SATYAN SHIVAN and published by Viruti Satyan Shivan. This book was released on with total page 194 pages. Available in PDF, EPUB and Kindle. Book excerpt: Dive deep into the complexities of the human psyche with "Psychology of Judgment and Decision Making - The Comprehensive Guide," your essential resource for understanding the intricate processes that guide how we make decisions and form judgments. This meticulously researched book presents an exhaustive exploration of cognitive biases, heuristics, risk perception, and the impact of emotions on decision-making. Through engaging explanations and real-world examples, readers will gain insights into the psychological mechanisms that influence their daily choices, from the mundane to the monumental. This guide aims to empower individuals with the knowledge to recognize and mitigate cognitive errors, leading to more rational, effective decision-making. For educators, students, professionals, and anyone keen to sharpen their critical thinking skills, this book serves as an invaluable tool. It synthesizes theories and findings from psychology, behavioral economics, and neuroscience, presenting them in a clear, accessible manner. While this comprehensive guide is rich in detail and analysis, it does not contain images or illustrations, adhering to copyright considerations. Instead, it focuses on delivering powerful insights and practical strategies to enhance judgment and decision-making capabilities. Whether you're looking to improve your personal life, boost professional decision-making, or deepen your understanding of human behavior, this book offers the knowledge and tools to transform your approach to making choices.

Download or read book Thinking Fast and Slow written by Daniel Kahneman and published by Farrar, Straus and Giroux. This book was released on 2011-10-25 with total page 511 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book Cognitive Biases written by Victor Bell and published by Independently Published. This book was released on 2021-09-22 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt: Powerful Hidden Forces (Cognitive Biases) Impair Our Decisions. Here is a Comprehensive Collection of these Biases to Help You Understand How They Work and How to Overcome Them Are you a manager in the financial services sector, and wish to avoid a situation like the recent financial crisis? Do you know that all of us have mental blind spots which prevent us from being rational? If you have seen or read about the recent financial crisis that straddled across the globe and brought down some of the oldest and most venerated financial institutions in the world, then you need this book! In this book, I share authentic research findings on cognitive biases and how they impact our judgment. These are powerful biases that you must avoid in order to succeed. Improve Your Judgment by Knowing How Biases Work This book is a comprehensive guide on cognitive biases, with inputs from real academic research with full references. If you are a financial sector executive and want to learn how to improve decisions, then this book is for you. In this book you will: - Identify the most powerful cognitive biases that impair business and financial decisions - Understand how cognitive biases work - Learn techniques to overcome them Here are the answers to some questions you might have about this book: Q: What is this book about? A: This book is a guide on how to identify cognitive biases. In this book, you learn about powerful biases which afflict the world of business and banking. Understanding how biases work (Bias-in-Action) can help avoid these biases, and at times even use the presence of biases in our competitors to our advantage. Q: What kind of techniques will I get to learn in this book? A: This is a comprehensive collection of all empirically proven cognitive biases that impair our decisions. In this book, I bring out the most powerful cognitive biases that impair judgment. You will also get to learn about more biases that impair decisions in business and banking. Q: Do I need to have prior qualifications before I read this book? A: The only thing that is required is your keenness to learn. Some experience in the financial sector or knowledge of basic economics can make the grasping faster, but it is not a prerequisite. Every day that you delay is another day that you stagnate in your growth as a professional. Take action now and buy this book by clicking the 'Buy now with 1-click' button

Download or read book Noise written by Daniel Kahneman and published by Little, Brown. This book was released on 2021-05-18 with total page 429 pages. Available in PDF, EPUB and Kindle. Book excerpt: From the Nobel Prize-winning author of Thinking, Fast and Slow and the coauthor of Nudge, a revolutionary exploration of why people make bad judgments and how to make better ones—"a tour de force” (New York Times). Imagine that two doctors in the same city give different diagnoses to identical patients—or that two judges in the same courthouse give markedly different sentences to people who have committed the same crime. Suppose that different interviewers at the same firm make different decisions about indistinguishable job applicants—or that when a company is handling customer complaints, the resolution depends on who happens to answer the phone. Now imagine that the same doctor, the same judge, the same interviewer, or the same customer service agent makes different decisions depending on whether it is morning or afternoon, or Monday rather than Wednesday. These are examples of noise: variability in judgments that should be identical. In Noise, Daniel Kahneman, Olivier Sibony, and Cass R. Sunstein show the detrimental effects of noise in many fields, including medicine, law, economic forecasting, forensic science, bail, child protection, strategy, performance reviews, and personnel selection. Wherever there is judgment, there is noise. Yet, most of the time, individuals and organizations alike are unaware of it. They neglect noise. With a few simple remedies, people can reduce both noise and bias, and so make far better decisions. Packed with original ideas, and offering the same kinds of research-based insights that made Thinking, Fast and Slow and Nudge groundbreaking New York Times bestsellers, Noise explains how and why humans are so susceptible to noise in judgment—and what we can do about it.

Download or read book Judgment in Managerial Decision Making written by Max H. Bazerman and published by Wiley Global Education. This book was released on 2012-10-16 with total page 287 pages. Available in PDF, EPUB and Kindle. Book excerpt: Behavioral decision research provides many important insights into managerial behavior. From negotiation to investment decisions, the authors weave behavioral decision research into the organizational realm by examining judgment in a variety of managerial contexts. Embedded with the latest research and theories, Managerial Decision Making 8th Edition gives students the opportunity to understand their own decision-making tendencies, learn strategies for overcoming cognitive biases, and become better decision makers.

Download or read book Reducing Underage Drinking written by Institute of Medicine and published by National Academies Press. This book was released on 2004-03-26 with total page 761 pages. Available in PDF, EPUB and Kindle. Book excerpt: Alcohol use by young people is extremely dangerous - both to themselves and society at large. Underage alcohol use is associated with traffic fatalities, violence, unsafe sex, suicide, educational failure, and other problem behaviors that diminish the prospects of future success, as well as health risks â€" and the earlier teens start drinking, the greater the danger. Despite these serious concerns, the media continues to make drinking look attractive to youth, and it remains possible and even easy for teenagers to get access to alcohol. Why is this dangerous behavior so pervasive? What can be done to prevent it? What will work and who is responsible for making sure it happens? Reducing Underage Drinking addresses these questions and proposes a new way to combat underage alcohol use. It explores the ways in which may different individuals and groups contribute to the problem and how they can be enlisted to prevent it. Reducing Underage Drinking will serve as both a game plan and a call to arms for anyone with an investment in youth health and safety.

Download or read book How To Overcome Unconscious Cognitive Bias written by Andrews Allwell and published by Independently Published. This book was released on 2024-03-21 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Are you tired of falling victim to your own subconscious biases? Do you want to navigate the world with clarity and fairness? In "HOW TO OVERCOME UNCONSCIOUS COGNITIVE BIAS" by Andrews Allwell, readers are taken on a journey through the intricacies of the mind to understand and overcome the biases that shape our perceptions and decisions. With a blend of captivating storytelling and insightful analysis, Allwell highlights the hidden biases that influence our thoughts and behaviors, challenging readers to confront their own prejudices head-on. From the implicit associations that color our judgments to the social stereotypes that cloud our reasoning, this book explores the full spectrum of cognitive biases that impact our daily lives. Highlights: 1. Understanding Unconscious Bias: Begin by unraveling the mysteries of unconscious bias, shedding light on the subconscious processes that influence our thoughts, feelings, and behaviors. Gain a deeper understanding of the origins and mechanisms of bias, empowering individuals to recognize its presence in their own lives. 2. Recognizing Bias in Action: Through vivid examples and case studies, "Unmasking Bias" illustrates the myriad ways in which bias manifests in everyday life. From hiring decisions to social interactions, learn to identify the subtle cues and patterns that signal the presence of bias, enabling more discerning and critical thinking. 3. Challenging Assumptions and Stereotypes: Armed with knowledge and insight, readers are equipped to challenge their own assumptions and confront stereotypes head-on. Practical exercises and reflective prompts are provided to help individuals interrogate their beliefs, examine their biases, and cultivate greater self-awareness. 4. Building Inclusive Environments: How to overcome unconscious cognitive bias explores strategies for fostering inclusivity and diversity in various contexts. Whether in the workplace, classroom, or community, discover actionable steps for creating environments that embrace difference, celebrate diversity, and promote equity. 5. Empowering Change: Ultimately, the guide empowers readers to effect meaningful change in their lives and communities. By harnessing the power of awareness, empathy, and action, individuals can challenge bias, dismantle systemic inequities, and foster a more just and inclusive society. You will also learn the following in this guide: RECOGNIZING YOUR BIASES THE NEUROSCIENCE OF BIAS IMPACTS OF BIAS IN DIFFERENT CONTEXT STRATEGIES FOR OVERCOMING BIAS CULTIVATING A BIASED-AWARE MINDSET NAVIGATING DIFFICULT CONVERSATION ABOUT BIAS BEYOND INDIVIDUAL EFFORTS: CREATING BIAS-FREE ENVIRONMENT and many more. This guide is a timely and indispensable resource for anyone seeking to navigate the complexities of human interaction, dismantle prejudice, and build a more equitable world. With its blend of scholarly rigor and practical wisdom, this book promises to inspire and enlighten readers on their journey toward greater understanding and social justice.

Download or read book Judgment Under Uncertainty written by Daniel Kahneman and published by Cambridge University Press. This book was released on 1982-04-30 with total page 574 pages. Available in PDF, EPUB and Kindle. Book excerpt: Thirty-five chapters describe various judgmental heuristics and the biases they produce, not only in laboratory experiments, but in important social, medical, and political situations as well. Most review multiple studies or entire subareas rather than describing single experimental studies.

Download or read book Judgment Misguided written by Jonathan Baron and published by Oxford University Press, USA. This book was released on 1998 with total page 238 pages. Available in PDF, EPUB and Kindle. Book excerpt: People often follow intuitive principles of decision making, ranging from group loyalty to the belief that nature is benign. But instead of using these principles as rules of thumb, we often treat them as absolutes and ignore the consequences of following them blindly. In Judgment Misguided, Jonathan Baron explores our well-meant and deeply felt personal intuitions about what is right and wrong, and how they affect the public domain. Baron argues that when these intuitions are valued in their own right, rather than as a means to another end, they often prevent us from achieving the results we want. Focusing on cases where our intuitive principles take over public decision making, the book examines some of our most common intuitions and the ways they can be misused. According to Baron, we can avoid these problems by paying more attention to the effects of our decisions. Written in a accessible style, the book is filled with compelling case studies, such as abortion, nuclear power, immigration, and the decline of the Atlantic fishery, among others, which illustrate a range of intuitions and how they impede the public's best interests. Judgment Misguided will be important reading for those involved in public decision making, and researchers and students in psychology and the social sciences, as well as everyone looking for insight into the decisions that affect us all.

Download or read book Beating Biases written by Henry Priest and published by . This book was released on 2019-10-20 with total page 161 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Biased BrainMan is a 'Rational Animal'. Right? Wrong! Research in economics and psychology has shown that human beings are systematically biased. They misjudge situations in fairly regular patterns. In the urgency of the existential pursuit we often deploy shortcuts and fall prey to errors of judgment.Stronger Biases and Weaker Biases?These shortcuts and errors of judgment, known as heuristics and biases, affect all of us. Some of them occur frequently and better known. Others occur less frequently and are lesser known. But their effect is the same - to impair our judgment when they occur.Knowing is Half the Battle WonThe financial crisis of the 2000s brought cognitive biases to common knowledge. Many of us know the most frequently occurring cognitive biases. But what about the less frequently occurring ones? Knowing them can prime us to identify them faster and plan an intervention. As they say 'know thy enemy'. Know Thy EnemyThis compilation presents 101 less frequently occurring biases and heuristics. Understanding how they work (Bias-in-Action) can help avoid these biases, and at times even use their presence in our competitors to our advantage.Read on....

Download or read book Judgment in Managerial Decision Making written by Max H. Bazerman and published by Wiley. This book was released on 2001-07-27 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Author is a leading theorist in negotiation and decision-making.

Download or read book The Science of Decision Making written by Tanisha Owens and published by Tanisha Owens. This book was released on 2023-06-08 with total page 45 pages. Available in PDF, EPUB and Kindle. Book excerpt: The story "The Science of Decision-Making: Understanding and Enhancing Your Choices" takes readers on a journey through the fascinating world of decision-making. The book is divided into seven chapters, each exploring different aspects of the decision-making process and offering insights into how individuals can improve their choices. Chapter 1 introduces readers to the science behind decision-making and its significance in our lives. It emphasizes the importance of understanding the factors that influence our decisions and provides an overview of the subsequent chapters. Chapter 2 dives into the topic of cognitive biases and their impact on decision-making. Readers learn about the common biases that can cloud judgment and lead to suboptimal choices. The chapter highlights the need to be aware of these biases and offers strategies to overcome them. Chapter 3 delves into the psychology of decision-making, exploring the cognitive and emotional factors that shape our choices. It examines how our perceptions, emotions, and beliefs influence decision-making processes and provides techniques to enhance decision-making by understanding our psychological tendencies. Chapter 4 takes a neurobiological perspective, exploring how the brain is involved in decision-making. It examines the neural mechanisms behind decision-making processes and discusses the influence of factors such as emotions, memory, and reward systems. The chapter sheds light on how understanding the neurobiology of decision-making can help us make better choices. Chapter 5 focuses on rational decision-making. It explores decision-making models, logic, and reasoning. Readers learn about structured approaches to decision-making, such as cost-benefit analysis and decision matrices, which can help enhance rational decision-making. Chapter 6 delves into the ethical dimensions of decision-making. It discusses the importance of considering moral principles and values when making choices and provides frameworks for ethical decision-making. The chapter explores the challenges and dilemmas that can arise and offers strategies to navigate them while maintaining integrity. Chapter 7 concludes the book by exploring techniques to enhance decision-making skills. It covers topics such as analytical thinking, building decision-making competencies, harnessing technology and tools, managing biases, and fostering continuous learning. Readers gain practical strategies to improve their decision-making abilities and achieve better outcomes. Overall, the story takes readers on a comprehensive journey through the science, psychology, neurobiology, and ethics of decision-making. It empowers individuals with knowledge and techniques to understand the complexities of decision-making and make informed choices that align with their goals and values.

Download or read book The Wiley Blackwell Handbook of Judgment and Decision Making 2 Volume Set written by Gideon Keren and published by John Wiley & Sons. This book was released on 2016-02-16 with total page 1056 pages. Available in PDF, EPUB and Kindle. Book excerpt: A comprehensive, up-to-date examination of the most important theory, concepts, methodological approaches, and applications in the burgeoning field of judgment and decision making (JDM) Emphasizes the growth of JDM applications with chapters devoted to medical decision making, decision making and the law, consumer behavior, and more Addresses controversial topics from multiple perspectives – such as choice from description versus choice from experience – and contrasts between empirical methodologies employed in behavioral economics and psychology Brings together a multi-disciplinary group of contributors from across the social sciences, including psychology, economics, marketing, finance, public policy, sociology, and philosophy 2 Volumes

Download or read book Blackwell Handbook of Judgment and Decision Making written by Derek J. Koehler and published by John Wiley & Sons. This book was released on 2008-04-15 with total page 680 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Blackwell Handbook of Judgment and Decision Making is a state-of-the art overview of current topics and research in the study of how people make evaluations, draw inferences, and make decisions under conditions of uncertainty and conflict. Contains contributions by experts from various disciplines that reflect current trends and controversies on judgment and decision making. Provides a glimpse at the many approaches that have been taken in the study of judgment and decision making and portrays the major findings in the field. Presents examinations of the broader roles of social, emotional, and cultural influences on decision making. Explores applications of judgment and decision making research to important problems in a variety of professional contexts, including finance, accounting, medicine, public policy, and the law.

Download or read book The Politics of Evidence written by Justin Parkhurst and published by Routledge. This book was released on 2016-10-04 with total page 287 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Open Access version of this book, available at http://www.tandfebooks.com/, has been made available under a Creative Commons Attribution-Non Commercial-No Derivatives 3.0 license. There has been an enormous increase in interest in the use of evidence for public policymaking, but the vast majority of work on the subject has failed to engage with the political nature of decision making and how this influences the ways in which evidence will be used (or misused) within political areas. This book provides new insights into the nature of political bias with regards to evidence and critically considers what an ‘improved’ use of evidence would look like from a policymaking perspective. Part I describes the great potential for evidence to help achieve social goals, as well as the challenges raised by the political nature of policymaking. It explores the concern of evidence advocates that political interests drive the misuse or manipulation of evidence, as well as counter-concerns of critical policy scholars about how appeals to ‘evidence-based policy’ can depoliticise political debates. Both concerns reflect forms of bias – the first representing technical bias, whereby evidence use violates principles of scientific best practice, and the second representing issue bias in how appeals to evidence can shift political debates to particular questions or marginalise policy-relevant social concerns. Part II then draws on the fields of policy studies and cognitive psychology to understand the origins and mechanisms of both forms of bias in relation to political interests and values. It illustrates how such biases are not only common, but can be much more predictable once we recognise their origins and manifestations in policy arenas. Finally, Part III discusses ways to move forward for those seeking to improve the use of evidence in public policymaking. It explores what constitutes ‘good evidence for policy’, as well as the ‘good use of evidence’ within policy processes, and considers how to build evidence-advisory institutions that embed key principles of both scientific good practice and democratic representation. Taken as a whole, the approach promoted is termed the ‘good governance of evidence’ – a concept that represents the use of rigorous, systematic and technically valid pieces of evidence within decision-making processes that are representative of, and accountable to, populations served.