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Decision-Making Phenomenon and Behavioral Decision Theory

Kazuhisa Takemura
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Kazuhisa Takemura: Waseda University

Chapter Chapter 1 in Behavioral Decision Theory, 2014, pp 3-13 from Springer

Abstract: Abstract This chapter first presents the conceptual framework of the decision-making phenomenon, which is apparently almost universal among decision-making studies and which explains how decision-making under certainty, risk, and uncertainty can be understood. Consequently, the way in which behavioral decision theory is positioned in the study of decision-making and how it is related to other theories of decision-making are explained.

Keywords: Interest Rate; Preference Relation; Binary Relation; Normative Theory; Preference Structure (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-4-431-54580-4_1

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DOI: 10.1007/978-4-431-54580-4_1

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