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Problems for judgment and decision making.

R Hastie1

  • 1Psychology Department, University of Colorado, Boulder, Colorado 80309-0345, USA. reid.hastie@colorado.edu

Annual Review of Psychology
|January 10, 2001
PubMed
Summary
This summary is machine-generated.

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This review explores recent judgment and decision-making research, presenting 16 key problems. It covers extensions of rational choice theories and insights from cognitive psychology and neuroscience.

Area of Science:

  • Cognitive Psychology
  • Neuroscience
  • Decision Science

Background:

  • The field of judgment and decision making has seen significant advancements.
  • Understanding decision-making processes is crucial across various disciplines.

Purpose of the Study:

  • To review recent developments in judgment and decision making over the past five years.
  • To identify and present 16 key research problems in the field.
  • To bridge traditional rational choice theories with modern cognitive and neuroscience findings.

Main Methods:

  • Literature review of research published in the last five years.
  • Identification of 16 distinct research problems.
  • Synthesis of findings from rational choice theories, descriptive algebraic modeling, cognitive psychology, and cognitive neuroscience.

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Main Results:

  • The review outlines 16 research problems, highlighting the evolution of decision-making theories.
  • Identified problems extend traditional rational decision-making models.
  • New problems emerge from descriptive modeling and cognitive science.

Conclusions:

  • Recent research expands traditional decision-making frameworks.
  • Cognitive psychology and neuroscience offer novel perspectives on decision making.
  • The identified problems represent critical areas for future research in judgment and decision making.