Understanding how people decide: Decision-making theories as mental representations

Alexandra Gheondea-eladi

Journal of Community Positive Practices, 2015, issue 3, 3-13

Abstract: This paper argues that instead of seeing the most influential theories in decision making as competitive, one may contemplate the possibility that they are part of a wider theory of decision-making. This theory looks at how people decide based on how they structure a mental representation of a complex reality. Further, it gives a brief presentation of the mainstream theories in decision-making: expected utility theory, prospect theory, bounded rationality, parallel games, Rawls' theory of justice and multi-criteria decision-making. The conclusions suggest that research in the field should include the current theories of decision-making as possible mental representations, while also acknowledging some important epistemological problems in this field.

Keywords: mental representations; decision-making; expected utility; prospect theory; bounded (search for similar items in EconPapers)
Date: 2015
References: Add references at CitEc
Citations:

Downloads: (external link)
http://jppc.ro/index.php/jppc/article/download/283/252 First version, 2015 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cta:jcppxx:3151

Access Statistics for this article

More articles in Journal of Community Positive Practices from Catalactica NGO
Bibliographic data for series maintained by Ene Mihai ( this e-mail address is bad, please contact ).