Judgments Decisions and Public Policy Cambridge Series on Judgment and Decision Making 1st Edition by Rajeev Gowda, Jeffrey C Fox ISBN 0521179955 9780521179959 by Rajeev Gowda, Jeffrey C. Fox 9780521660846, 052166084X instant download after payment.

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Product details:

ISBN 10: 0521179955

ISBN 13: 9780521179959 

Author: Rajeev Gowda, Jeffrey C. Fox

Behavioral decision theory draws on experimental research in cognitive psychology to provide a descriptively accurate model of human behavior. It shows that people systematically violate the normative assumptions of economic rationality by miscalculating probabilities and making choices based on one-economic criteria. Behavioral decision theory's ability to capture the complexity of human judgments and choices makes it a useful foundation for improving public policy analysis, design, and implementation. Originally published in 2001, this volume showcases the research of leading scholars who are working on applications of behavioral decision theory in diverse policy settings. It is designed to give policy analysts and practitioners who are non-psychologists a clearer understanding of the complexities of human judgment and choice, and suggest how to integrate behavioral decision theoretic insights into the policy sciences. This interdisciplinary volume should be insightful and useful wherever people's judgments and choices matter for policy formulation, acceptance, and effectiveness. 

Table of contents:

Front Matter
Contents
Contributors
Acknowledgments
Introduction

Part I - The Fundamentals of Behavioral Decision Theory

• Judgment and Decision Making: Extrapolations and Applications

• Some Morals of a Theory of Nonrational Choice

• Cognition, Intuition, and Policy Guidelines

Part II - Economic Applications and Contrasts

• Policy Analysis and Design with Losses Valued More than Gains and Varying Rates of Time Preference

• Comparing Micro and Macro Rationality

• Bounded Rationality versus Standard Utility-Maximization: A Test of Energy Price Responsiveness

Part III - Applications to Political and Legal Processes and Institutions

• Judgmental Heuristics and News Reporting

• A Behavioral Approach to Political Advertising Research

• Toward Behavioral Law and Economics

Part IV - Other Policy Applications

• Enhancing the Effectiveness of Innovative Policy Instruments: The Implications of Behavioral Decision Theory for Right-to-Know Policies

• Behavioral Perceptions and Policies Toward the Environment

• The Affect Heuristic: Implications for Understanding and Managing Risk-Induced Stigma

• Enlarging the Pie by Accepting Small Losses for Large Gains

Part V - Commentary and Cautionary Note

• The Virtues of Cognitive Humility: For Us as Well as Them

Index

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