"Highly recommended." Choice "....Exactly what a good handbook should be; comprehensive, representative, authoritative, authentic and well–written" Kenneth R. Hammond, University of Colorado at Boulder "This spelendid collection by Koehler and Harvey is a timely state–of–the–art report on Judgment and Decision Making (JDM) and provides a good demonstration of the great strides that have been made in thie area over the past 50 or so years. In short, for anyone who wants to know exactly where JDM research is currently at, this book is essential reading." Applied Cognitive Psychology "The Handbook shows the realization of Ward Edwards′s original dream of a field made exciting by the continual interplay between normative analyses, descriptive research, and prescriptive interventions, bridging critical gaps between the normative ideal and descriptive reality." Baruch Fischhoff, Carnegie Mellon University and President of Society for Risk Analysis "Fifty years of research have created an impressive body of knowledge and theory about human judgment and decision making. This comprehensive and authoritative handbook will serve as a valuable text and reference for students, scholars, and decision makers." Paul Slovic, University of Oregon and President of Decision Research Institute “Judgment and decision making is hot, and a handbook comes at just the right time. What I like so much about this book is that so many of the chapters are written by young scholars with fresh perspectives and new ideas. This Handbook is a great place for graduate students to find out where the frontiers of the field are now, and who are the researchers that are making the field so exciting.” Richard H. Thaler, University of Chicago "This is the first book to give a complete overview of this field, which has been developing since the 1950s. The first part details normative approaches and includes discussions of bounded rationality and computational models of decision making. The next two parts focus respectively on judgements and decisions while the last part examines practical applications. Topics range over hypothesis testing, the challenges of uncertainty and complexity, the role of feelings in decision making, the influence of culture and even the psychology of medical decision making." The Scientific and Medical Network Review
From the Back Cover
The Blackwell Handbook of Judgment and Decision Making is a state–of–the art overview of current topics and research in the study of how people make evaluations, draw inferences, and make decisions under conditions of uncertainty and conflict. Chapters are contributed by experts in the field from various disciplines such as psychology, cognitive science, business, and law. The selection of topics reflects current trends and controversies in judgment and decision–making research. Each chapter provides an overview of important past research and a report on current research and future directions in various areas in the study of human judgment and decision making. The book: provides a glimpse at the many approaches that have been taken in the study of judgment and decision making, including bounded rationality, computational modelling, and the heuristics and biases approach portrays the major findings in the field and covers topics such as probablistic reasoning, hypothesis testing, multiattribute choice, and decision making under risk and uncertainty presents examinations of the broader roles of social, emotional, and cultural influences on decision making explores applications of judgment and decision–making research to important problems in a variety of professional contexts, including finance, accounting, medicine, public policy, and the law.