Making Better Decisions: Decision Theory in Practice 1st Edition by GILBOA (PDF)

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Ebook Info

  • Published: 2010
  • Number of pages: 231 pages
  • Format: PDF
  • File Size: 1.80 MB
  • Authors: GILBOA

Description

Making Better Decisions introduces readers to some of the principal aspects of decision theory, and examines how these might lead us to make better decisions. Introduces readers to key aspects of decision theory and examines how they might help us make better decisionsPresentation of material encourages readers to imagine a situation and make a decision or a judgmentOffers a broad coverage of the subject including major insights from several sub-disciplines: microeconomic theory, decision theory, game theory, social choice, statistics, psychology, and philosophyExplains these insights informally in a language that has minimal mathematical notation or jargon, even when describing and interpreting mathematical theoremsCritically assesses the theory presented within the text, as well as some of its critiquesIncludes a web resource for teachers and students

User’s Reviews

Editorial Reviews: Review “The book is a modern take on decision making. The innovative scope will inspire instructors by encouraging them to include a combination rather than a subset of decision-theoretic, statistical, behavioral, and philosophical concepts in their courses.” —Marzena J. Rostek, University of Wisconsin “Written by a leading authority and teacher in the area of decision theory, this is a terrific combined textbook–handbook for students and practitioners of management. Indeed, it is a terrific book for everyone interested in ‘making better decisions.’” —Adam Brandenburger, New York University“This book is extremely effective for anyone who wants to acquire quick, basic understanding of old and new concepts of decision theory, with a minimum level of technical details.” —Ehud Kalai, Northwestern University”Gilboa is one of the leaders of the revolution that has swept through the field of decision theory in the past few decades, in which mathematical methods of statistics and economics have been integrated with findings from modern psychology. In this book he provides an accessible and practical survey of the state of the art, which encourages readers to reflect on – and try to sharpen – their intuitions and habits of decision making. It would make an excellent primary or supplementary text for an undergraduate- or masters-level course in decision theory. It should also be useful and enjoyable reading for anyone who wants to learn about concepts that can be used and mistakes that should be avoided when taking calculated risks.” —Robert Nau, Duke University”Itzhak Gilboa is one of the deepest thinkers in modern decision theory. In this fascinating and wonderfully written book he uses the fundamental models of decision making as a basis for reflection upon several systematic patterns revealed by our everyday choices. He strikes a nice balance between analytical models, psychological insights, and pragmatism with the end goals of improving our decision making and better understanding the decisions of others.” —Tomasz Strzalecki, Harvard University From the Inside Flap Making Better Decisions: Decision Theory in Practice introduces readers to some of the principal ideas from decision theory and examines how they might help us make better decisions. The presentation is designed to appeal to students and the general reader; based on problems, readers are encouraged to imagine a situation, and then make a decision or a judgment. The problems are chosen to exemplify some principles developed in decision theory, as well as violations of these principles derived from the psychological literature. Making Better Decisions offers explanations of both the theories we would like to adopt in order to make better decisions, and the theories that explain how those around us behave. In doing so, the book presents crucial insights into the decision-making process that can influence and change our behavior and our ability to interact with those around us. From the Back Cover Making Better Decisions: Decision Theory in Practice introduces readers to some of the principal ideas from decision theory and examines how they might help us make better decisions. The presentation is designed to appeal to students and the general reader; based on problems, readers are encouraged to imagine a situation, and then make a decision or a judgment. The problems are chosen to exemplify some principles developed in decision theory, as well as violations of these principles derived from the psychological literature. Making Better Decisions offers explanations of both the theories we would like to adopt in order to make better decisions, and the theories that explain how those around us behave. In doing so, the book presents crucial insights into the decision-making process that can influence and change our behavior and our ability to interact with those around us. About the Author Itzhak Gilboa is a chaired Professor in the Department of Economics and Decision Sciences at HEC, Paris and in the Eitan Berglas School of Economics at Tel Aviv University, and Fellow of the Cowles Foundation at Yale University. He previously held the position of chaired Professor at the Kellogg School of Management at Northwestern University. Gilboa’s research focuses on decision under uncertainty. He has worked with David Schmeidler on axiomatic foundation of non-Bayesian decision theory and contributed to research in complexity in game theory, evolutionary game theory, and social choice. He is co-author of A Theory of Case-Based Decisions (with David Schmeidler, 2001), and author of Theory of Decision under Uncertainty (2009) and of Rational Choice (2010). Read more

Reviews from Amazon users which were colected at the time this book was published on the website:

⭐The book was in perfect condition. It shipped as promised and was sold at a fantastic price. No complications whatsoever.

⭐good

⭐Awful. Dry, unclear, most concepts reduced to formulas with no explanations whatsoever.There is so much more to decision making but for some reason this book seems to ignore the last 40 years of research and discovery. Fails to mention some of the most important works in decision making.If you want to make a better decision, look elsewhere.

⭐Dry and terrible. Fails to tell any story about the psychology of decision-making. Everything is reduced to convoluted mathematical formulas (which per se are not difficult, but are unnecessary and make things overly complicated). Absence of real-life examples that can help students understand decision making. Look elsewhere for a good textbook.

⭐和書の意思決定関係の本はレベルが低く幼稚な本が多いが、この本は、それらの本よりは、参考になると本だと思います。英語の方が集中して読めるという方にはお勧めです。

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