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The Psychology of Judicial Decision Making

David E. Klein and Gregory Mitchell (eds)

Published in print:
2010
Published Online:
May 2010
ISBN:
9780195367584
eISBN:
9780199776917
Item type:
book
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780195367584.001.0001
Subject:
Psychology, Forensic Psychology

This volume of essays examines the psychological processes that underlie judicial decision making. Chapters in the first section of the book take as their starting point the fact that judges make ... More


THE MANAGEMENT OF UNCERTAINTY: ORGANIZATIONS AS DECISION-MAKING SYSTEMS

Chun Wei Choo

in The Knowing Organization: How Organizations Use Information to Construct Meaning, Create Knowledge, and Make Decisions

Published in print:
2005
Published Online:
September 2007
ISBN:
9780195176780
eISBN:
9780199789634
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780195176780.003.0005
Subject:
Business and Management, Knowledge Management

Depending on the degree of goal uncertainty and procedural uncertainty, organizational decision making may follow the bounded rationality model, process model, political model, or anarchic model. ... More


The Heuristics and Biases School

Mark Kelman

in The Heuristics Debate

Published in print:
2011
Published Online:
May 2011
ISBN:
9780199755608
eISBN:
9780199895236
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199755608.003.0002
Subject:
Law, Philosophy of Law

Heuristics and biases theorists treat conventional rational choice models as normatively appealing, but descriptively inaccurate. The chapter emphasizes that people often perceive some feature P that ... More


The Heuristics Debate

Mark Kelman

Published in print:
2011
Published Online:
May 2011
ISBN:
9780199755608
eISBN:
9780199895236
Item type:
book
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199755608.001.0001
Subject:
Law, Philosophy of Law

Researchers associated with the “Heuristics and Biases” (H&B) school and those who view heuristics as “Fast and Frugal” (F&F) problem-solving methods share much in common. They agree that people ... More


Heuristic‐Driven Bias: The First Theme

Hersh Shefrin

in Beyond Greed and Fear: Understanding Behavioral Finance and the Psychology of Investing

Published in print:
2002
Published Online:
November 2003
ISBN:
9780195161212
eISBN:
9780199832996
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0195161211.003.0002
Subject:
Economics and Finance, Financial Economics

Statistics and probability are essential concepts when it comes to risk. Yet, most people have poor intuition about statistics and probabilities. Instead of behaving like professional statisticians, ... More


Human Decision Making and Heuristics of Judgment

Delia Baldassarri

in The Simple Art of Voting: The Cognitive Shortcuts of Italian Voters

Published in print:
2012
Published Online:
January 2013
ISBN:
9780199828241
eISBN:
9780199979783
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199828241.003.0002
Subject:
Sociology, Politics, Social Movements and Social Change

Chapter 2 introduces the conceptual developments of the research on human decision making, an important instrument for understanding how individuals make choices in complex situations characterized ... More


The Framework

Mark Kelman

in The Heuristics Debate

Published in print:
2011
Published Online:
May 2011
ISBN:
9780199755608
eISBN:
9780199895236
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199755608.003.0001
Subject:
Law, Philosophy of Law

Researchers in both the “heuristics and biases” school and the school that extols the use of “fast and frugal” heuristics not only share similar methods but agree that people frequently make ... More


Behavioral Studies

Eyal Zamir and Doron Teichman

in Behavioral Law and Economics

Published in print:
2018
Published Online:
June 2018
ISBN:
9780190901349
eISBN:
9780190901387
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780190901349.003.0003
Subject:
Law, Philosophy of Law

Against the background of rational choice theory, this chapter provides an overview of the behavioral sub-disciplines informing behavioral law and economics—including judgment and decision-making ... More


Can Utilitarian-Welfare (Economic) Theory Justify Boilerplate Deletion of Rights?

Margaret Jane Radin

in Boilerplate: The Fine Print, Vanishing Rights, and the Rule of Law

Published in print:
2012
Published Online:
October 2017
ISBN:
9780691155333
eISBN:
9781400844838
Item type:
chapter
Publisher:
Princeton University Press
DOI:
10.23943/princeton/9780691155333.003.0006
Subject:
Law, Company and Commercial Law

This chapter examines whether boilerplate rights deletion schemes can be justified by the “contract-as-product” theory. The contract-as-product theory attempts to sidestep the issue of consent by ... More


Moral Satisficing: Rethinking Moral Behavior as Bounded Rationality

Gerd Gigerenzer

in Heuristics: The Foundations of Adaptive Behavior

Published in print:
2011
Published Online:
May 2011
ISBN:
9780199744282
eISBN:
9780199894727
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199744282.003.0009
Subject:
Psychology, Cognitive Psychology, Human-Technology Interaction

What is the nature of moral behavior? According to the study of bounded rationality, it results not from character traits or rational deliberation alone, but from the interplay between mind and ... More


Normative Degradation: Deleting Rights without Consent in the Name of Contract

Margaret Jane Radin

in Boilerplate: The Fine Print, Vanishing Rights, and the Rule of Law

Published in print:
2012
Published Online:
October 2017
ISBN:
9780691155333
eISBN:
9781400844838
Item type:
chapter
Publisher:
Princeton University Press
DOI:
10.23943/princeton/9780691155333.003.0002
Subject:
Law, Company and Commercial Law

This chapter examines the normative degradation caused by the apparent lack of consent to boilerplate. It first considers the varieties of nonconsent to which consent is contrasted, including ... More


Fast and Frugal School Objections to the Heuristics and Biases Program

Mark Kelman

in The Heuristics Debate

Published in print:
2011
Published Online:
May 2011
ISBN:
9780199755608
eISBN:
9780199895236
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199755608.003.0004
Subject:
Law, Philosophy of Law

F&F theorists claim H&B theorists have merely exposed laboratory frailties in judgment and decision-making; the findings do not imply poor performance in natural environments. H&B experimenters ... More


Introduction

Hersh Shefrin

in Beyond Greed and Fear: Understanding Behavioral Finance and the Psychology of Investing

Published in print:
2002
Published Online:
November 2003
ISBN:
9780195161212
eISBN:
9780199832996
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0195161211.003.0001
Subject:
Economics and Finance, Financial Economics

Behavioral finance consists of three themes: (1) heuristic‐driven bias; (2) frame dependence; and (3) inefficient markets. These themes are ubiquitous and germane, touching every corner of the ... More


Every Jury Trial Is a Bench Trial: Judicial Engineering of Jury Disputes

C. K. Rowland, Tina Traficanti, and Erin Vernon

in The Psychology of Judicial Decision Making

Published in print:
2010
Published Online:
May 2010
ISBN:
9780195367584
eISBN:
9780199776917
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780195367584.003.0012
Subject:
Psychology, Forensic Psychology

For decades virtually every scholarly work on trial judges began by lamenting the unfortunate tendency of students of judicial behavior to concentrate almost exclusively on appellate courts generally ... More


The Collapse of Cold War Rationality

Paul Erickson, Judy L. Klein, Lorraine Daston, Paul Rebecca, Thomas Sturm, and Michael D. Gordin

in How Reason Almost Lost Its Mind: The Strange Career of Cold War Rationality

Published in print:
2013
Published Online:
May 2014
ISBN:
9780226046631
eISBN:
9780226046778
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226046778.003.0007
Subject:
History, History of Science, Technology, and Medicine

From the 1970s well into the 1990s, psychological research on human rationality was dominated by the so-called heuristics-and-biases approach as developed by Daniel Kahneman, Amos Tversky, and ... More


Overcoming Miserly Processing: Detection, Override, and Mindware

Keith E. Stanovich, Richard F. West, and Maggie E. Toplak

in The Rationality Quotient: Toward a Test of Rational Thinking

Published in print:
2016
Published Online:
May 2017
ISBN:
9780262034845
eISBN:
9780262336819
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262034845.003.0003
Subject:
Psychology, Cognitive Psychology

This chapter unpacks the logic of heuristics and biases tasks in terms of the tripartite model of mind developed in Chapter 2. There are three requirements for success on tasks. First, the necessity ... More


Some Dynamics of Cognition, Judgment, and Bias

Neil J. Smelser and John S. Reed

in Usable Social Science

Published in print:
2012
Published Online:
May 2013
ISBN:
9780520273566
eISBN:
9780520954144
Item type:
chapter
Publisher:
University of California Press
DOI:
10.1525/california/9780520273566.003.0003
Subject:
Sociology, Social Research and Statistics

Based mainly but not exclusively on social-psychological research, this chapter summarizes cognitive processes—especially their limitations—and decision making. Topics covered are categorization, ... More


The CART: Context, Caveats, and Questions

Keith E. Stanovich, Richard F. West, and Maggie E. Toplak

in The Rationality Quotient: Toward a Test of Rational Thinking

Published in print:
2016
Published Online:
May 2017
ISBN:
9780262034845
eISBN:
9780262336819
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262034845.003.0014
Subject:
Psychology, Cognitive Psychology

This chapter contextualizes the CART within the broader literature on cognitive ability assessment and critiques the CART, pointing out certain caveats and cautions that follow from its status as a ... More


Open‐Ended Mutual Funds: Misframing, “Hot Hands,” and Obfuscation Games

Hersh Shefrin

in Beyond Greed and Fear: Understanding Behavioral Finance and the Psychology of Investing

Published in print:
2002
Published Online:
November 2003
ISBN:
9780195161212
eISBN:
9780199832996
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0195161211.003.0012
Subject:
Economics and Finance, Financial Economics

Misframing and heuristic‐driven bias combine to confuse investors about the relative contributions of skill and luck in fund performance. Investors invariably attribute excessive weight to skill, and ... More


Cognitive Psychology and Empirical Insights for ITA

Susan D. Franck

in Arbitration Costs: Myths and Realities in Investment Treaty Arbitration

Published in print:
2019
Published Online:
April 2019
ISBN:
9780190054434
eISBN:
9780190054465
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780190054434.003.0002
Subject:
Law, Public International Law

Cognitive psychology affects information gathering, analysis, and decision-making. There is no evidence that international investment law is immune from those influences, yet the influence of ... More


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