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Sample flowchart representing a decision process when confronted with a lamp that fails to light. In psychology, decision-making (also spelled decision making and decisionmaking) is regarded as the cognitive process resulting in the selection of a belief or a course of action among several possible alternative options.
Daniel Kahneman (/ ˈ k ɑː n ə m ə n /; Hebrew: דניאל כהנמן; March 5, 1934 – March 27, 2024) was an Israeli-American psychologist best known for his work on the psychology of judgment and decision-making as well as behavioral economics, for which he was awarded the 2002 Nobel Memorial Prize in Economic Sciences together with Vernon L. Smith.
Judgment and Decision Making is a bimonthly peer-reviewed open access scientific journal covering the psychology of human judgment and decision making. It is an online-only journal and was established in 2006.
The Journal of Behavioral Decision Making is a peer-reviewed academic journal covering the study of psychological decision-making processes. It was established in 1988 and is published five times per year by John Wiley & Sons. The editor-in-chief is George Wright (Strathclyde Business School).
Thinking, Fast and Slow is a 2011 popular science book by psychologist Daniel Kahneman.The book's main thesis is a differentiation between two modes of thought: "System 1" is fast, instinctive and emotional; "System 2" is slower, more deliberative, and more logical.
Intuitive decision-making is based on implicit knowledge relayed to the conscious mind at the point of decision through affect or unconscious cognition. Some studies also suggest that intuitive decision-making relies more on the mind's parallel processing functions, while deliberative decision-making relies more on sequential processing.
The naturalistic decision making (NDM) framework emerged as a means of studying how people make decisions and perform cognitively complex functions in demanding, real-world situations. These include situations marked by limited time, uncertainty, high stakes, team and organizational constraints, unstable conditions, and varying amounts of ...
Emotional choice theory (also referred to as the "logic of affect") is a social scientific action model to explain human decision-making.Its foundation was laid in Robin Markwica’s monograph Emotional Choices published by Oxford University Press in 2018. [1]