Behavioral Decision Theories that Explain Decision-Making Processes

Kazuhisa Takemura
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Kazuhisa Takemura: Waseda University

Chapter Chapter 13 in Behavioral Decision Theory, 2021, pp 175-191 from Springer

Abstract: Abstract This article will explain various behavioral decision theoriesBehavioral decision theory related to decision-making processesDecision-making process. As explained last time, decision strategies for decision-making take numerous forms. The selection of decision strategies is affected by such condition factors as the number of alternativesAlternatives and the number of attributesAttribute. Numerous models have been proposed to explain the psychological processes related to such a selection of decision strategies. This chapter will introduce some models that are useful to explain decision-making processesDecision-making process.

Keywords: Decsision-Making Process; Accuracy; Cognitive Effort; Decision Strategy; Dominance Structuring; Adaptive Decision; Meta-Cognition (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-16-5453-4_13

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DOI: 10.1007/978-981-16-5453-4_13

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