Newell Ben R., Lagnado D.A., Shanks D.R. Straight Choices: The Psychology of Decision Making

3rd Edition. — Psychology Press, Routledge, 2022. — 335 p. — ISBN-13 9781032267845.Straight Choices provides a fascinating introduction to the psychology of decision-making, enhanced by a discussion of relevant examples of decision problems faced in everyday life. Thoroughly revised and updated throughout, this edition provides an integrative account of the psychology of decision-making and shows how psychological research can help us understand our uncertain world. The book emphasizes the relationship between learning and decision-making, arguing that the best way to understand how and why decisions are made is in the context of the learning and knowledge acquisition that precedes them, and the feedback that follows. The mechanisms of learning and the structure of environments in which decisions are made are carefully examined to explore their impact on our choices. The authors then consider whether we are all constrained to fall prey to cognitive biases, or whether, with sufficient exposure, we can find optimal decision strategies and improve our decision-making. This edition highlights advances made in judgment and decision-making research, with additional coverage of behavioral insights, nudging, artificial intelligence, and explanation-based decision-making. Written in a non-technical manner, this book is an essential read for all students and researchers in cognitive psychology, behavioral economics, and the decision sciences, as well as anyone interested in decision-making.Falling off the Straight and Narrow.
Decision Quality and a Historical Context.
Stages of Judgement I: Discovering, Acquiring, and Combining Information.
Stages of Judgement II: Feedback Effects and Dynamic Environments.
Appraising Probability Judgements.
Judgemental Heuristics and Biases.
Explanation-Based Decision-Making.
Analyzing Decisions I: A General Framework.
Analyzing Decisions II: Prospect Theory and Preference Reversals.
Decisions From Experience.
Decisions Across Time.
Learning to Choose, Choosing to Learn.
Optimality and Expertise.
Two Systems of Judgement and Decision-Making?
Emotional Influences on Decision-Making.
Group Decision-Making.
Applying Psychological Insights to the World Outside the Laboratory.
Learning to Make Good Decisions: When, How, and Why (Not)?