Decision Science : From Ramsey to Dual Process Theories
Författare
Summary, in English
The hypothesis that human reasoning and decision-making can be roughly modeled by Expected Utility Theory has been at the core of decision science. Accumulating evidence has led researchers to modify the hypothesis. One of the latest additions to the field is Dual Process theory, which attempts to explain variance between participants and tasks when it comes to deviations from Expected Utility Theory. It is argued that Dual Process theories at this point cannot replace previous theories, since they, among other things, lack a firm conceptual framework, and have no means of producing independent evidence for their case.
Avdelning/ar
Publiceringsår
2010
Språk
Engelska
Sidor
129-143
Publikation/Tidskrift/Serie
Synthese
Volym
172
Issue
1
Fulltext
- Available as PDF - 161 kB
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Länkar
Dokumenttyp
Artikel i tidskrift
Förlag
Springer
Ämne
- Medical and Health Sciences
- Philosophy
Nyckelord
- decision science
- decision theory
- human reasoning
- decision-making
- dual process theory
- rationality
- prospect theory
- economic man
- Ramsey
- normative man
- expected utility
Status
Published
ISBN/ISSN/Övrigt
- ISSN: 0039-7857