How do people decide what to do? What is the origin of judgment? These questions are fundamental both to individual psychology, and across the social sciences. Judgement and Decision Making bring together the classic works in the field of the past 50 years, both setting the field in historical and theoretical context, and outlining cutting edge research. The articles range across psychology, economics, sociology and neuroscience, and deals both with fundamental and applied research. Volume 1, Foundations, sets out core background material. Volume 2, Individual Decision Making, considers how people make choices, including choices between complex options, and choices involving risk and time. Volume 3, Probability and Judgment, considers how people reason with uncertainty, estimate frequencies, and determine degrees of confidence. Volume 4, Interactive and Group Processes, considers how people make decisions in social interactions, group decision making, and implications for economics and society. The collection is targeted and advanced undergraduates and graduate students in Psychology, Economics, and Business, and provides a foundation for students and practioners in cognitive psychology, behavioural economics, behavioural finance, neuroeconomics, and marketing.

VOLUME 1: FOUNDATIONS

Half A Century of Judgment and Decision Making Research - Nick Chater

A. Rationality

A Tutorial Introduction to Decision Theory - D. W. North

The Nature and Scope of Rational-choice Explanation - J. Elster

Rational Choice and the Structure of the Environment - H.A. Simon

Choices, Values, and Frames - D. Kahneman and A. Tversky

The Rational Analysis of Mind and Behaviour - Nick Chater and M. Oaksford

B. Theoretical Perspectives

Organismic Achievement and Environmental Probability - E. Brunswik

Man as an Intuitive Statistician - C.R. Peterson and L.R. Beach

A Perspective on Judgment and Choice: Mapping bounded rationality - D. Kahneman

Bounding Rationality to the World - P.M. Todd and G. Gigerenzer

Adaptive Strategy Selection in Decision Making - J.W. Payne, J.R. Bettman and E.J. Johnson

Reasoning in Explanation-based Decision Making - N. Pennington and R. Hastie

C. Utility

An Experimental Measurement of Utility - F. Mosteller and P. Nogee

Value Elicitation: Is there anything in there? - B. Fischoff

Back to Bentham? Explorations of experienced utility - D. Kahneman, P.P. Wakker and R. Sarin

Coherent Arbitrariness: Stable demand curves without stable preferences - D. Ariely, G. Loewenstein and D. Prelec

Does Living in California Make People Happy? A focusing illusion in judgments of life satisfaction - D.A. Schkade and D. Kahneman

Lottery Winners and Accident Victims: Is happiness relative? - P. Brickman, D. Coates and R. Janoff-Bulman

Decision and Experience: Why don't we choose what makes us happy? - C.K. Hsee and R. Hastie

Nonconsequentialist Decisions - J. Baron

VOLUME 2: INDIVIDUAL DECISION MAKING

A. Decision Making

The Theory of Decision Making - W. Edwards

Elimination by aspects: A theory of choice - A. Tverksy

Experimental Tests of the Endowment Effect and the Coase Theorem - D. Kahneman, J.L. Knetsch and R.H. Thaler

What a Speaker's Choice of Frame Reveals: Reference points, frame selection, and framing effects - C.R.M. McKenzie and J.D. Nelson

Choosing Versus Rejecting: Why some options are both better and worse than others - E. Shafir

Reason-based Choice - E. Shafir, I. Simonson and A. Tversky

The Construction of Preference - P. Slovic

B. Decisions under Risk

The Framing of Decisions and the Psychology of Choice - A. Tversky and D. Kahneman

Prospect Theory: An analysis of decisions under risk - D. Kahneman and A. Tversky

The Priority Heuristic: Making choices without trade-offs - E. Brandstätter, G. Gigerenzer and R. Hertwig

Decisions from Experience and the Effect of Rare Events in Risky Choice - R. Hertwig, G. Barron, E.U. Weber and I. Erev

Humans Rapidly Estimate Expected Gain in Movement Planning - J. Trommershäuser, M.S. Landy and L.T. Maloney

C. Decisions and Time

Preference Reversals Due to Myopic Discounting of Delayed Reward - K.N. Kirby and R.J. Herrnstein

Temporal Construal - Y. Trope and N. Liberman

The Red and the Black: Mental accounting of savings and debt - D. Prelec and G. Loewenstein

Save More Tomorrow: Using behavioral economics to increase employee savings - S. Benartzi and R. Thaler

VOLUME 3: PROBABILITY AND JUDGMENT

A. Probability and Risk

Availability: A heuristic for judging frequency and probability - A. Tversky and D. Kahneman

Subjective Probability: A judgment of representativeness - D. Kahneman and A. Tversky

Extensional Versus Intuitive Reasoning: The conjunction fallacy in probability judgments - A. Tversky and D. Kahneman

Optimal Predictions in Everyday Cognition - T.L. Griffiths and J.B. Tenenbaum

Decision by Sampling - M. Stewart, N. Chater and G.D.A Brown

How to Improve Bayesian Reasoning without Instruction: Frequency formats - G. Gigerenzer and U. Hoffrage

Risk Perception and Communication - B. Fischoff, A. Bostrom, and M. Jacobs Quandrel

B. Judgment

Measurement and prediction, clinical and statistical - J. Sawyer

On the Psychology of Prediction - D. Kahneman and A. Tversky

The Robust Beauty of Improper Linear Models - R.M. Dawes

Reasoning the Fast and Frugal Way: Models of. bounded rationality - G. Gigerenzer and D. Goldstein

Spontaneous Discounting of Availability in Frequency Judgment Tasks - D.M. Oppenheimer

Beware of Samples! A cognitive-ecological sampling approach to judgment biases - K. Fiedler

C. Confidence, Goals and Expertise

Physicians' use of Probabilistic Information in a Real Clinical Setting - J.J.J. Christensen-Szalanski and J.B. Bushyhead

Do Those Who Know More also Know More about How Much They Know? - S. Lichtenstein and B. Fischhoff

The Naive Intuitive Statistician: A naive sampling model of intuitive confidence intervals - P. Juslin, A. Winman and P. Hansson

The Process-performance Paradox in Expert Judgment: How can experts know so much and predict so badly? - C.F. Camerer and E.J. Johnson

VOLUME 4: INTERACTIVE AND GROUP PROCESSES

A. Interactive Decision Making

Some Experimental Games - M.M. Flood

Cooperation - R. Dawes and R. Thaler

The Evolution of Cooperation - R. Axelrod and W.D. Hamilton

The Illusion of Morality as Self-interest: A reason to cooperate in social dilemmas - J. Baron

Predicting how People Play Games: Reinforcement learning in experimental games with unique, mixed strategy equilibria - I. Erev and A.E. Roth

An Experimental Analysis of Ultimatum Bargaining - W. G th, R. Schmittberger and B. Schwarze

B. Judgment and Decision Making In Groups

Bias in Judgment: Comparing individuals and groups - N.L. Kerr, R. MacCoun and G.P. Kramer

Group Polarization: A critical review and meta-analysis - Daniel J. Isenberg

The Common Knowledge Effect: Information sharing and group judgment - D. Gigone and R. Hastie

Not Me or Thee but We: The importance of group identity in eliciting cooperation in dilemma situations: Experimental manipulations - R.M. Dawes, A.J.C. van der Kragt and J.M. Orbell

Interactive Team Reasoning: A contribution to the theory of co-operation - M. Bacharach

The Judgment Policies of Negotiators and the Structure of Negotiation Problems - J.L. Mumpower

C. Decision Making, Economics and Society

An Experimental Study of Competitive Market Behavior - V. Smith

Experimental Study of Inequality and Unpredictability in an Artificial Cultural Market - M.J. Salganik, P.S. Dodds and D.J. Watts

'Economic Man' in Cross-Cultural Perspective: Ethnography and experiments from 15 small-scale societies - J. Henrich, R. Boyd, S. Bowles, H. Gintis, E. Fehr, C. Camerer, R. McElreath, M. Gurven, K. Hill, A. Barr, J. Ensminger, D. Tracer, F. Marlow, J. Patton, M. Alvard, F. Gil-White and N. Smith

Mental Accounting and Consumer Choice - R.H. Thaler

Choice in Context: Trade-off contrast and extremeness aversion - I. Simonson and A. Tversky

Neural Predictors of Purchases - S.R. Knutson, G.E. Wimmer, D. Prelec and G. Loewenstein

Inferences of Competence from Faces Predict Election Outcomes - A. Todorov, A.N. Mandisodza, A. Goren and C.C. Hall