Montibeller Co-Edits Behavioral Decision Analysis

Florian Federspiel, Gilberto Montibeller and Matthias Seifert have edited a new book, published by Springer, addressing the state of the art in behavioral decision analysis. 

According to the publisher, “Traditional research in the domain of Decision Analysis has focused on the design and application of logically consistent tools to support decision makers during the process of structuring problem complexity, modeling uncertainty, generating predictions, eliciting preferences, and, ultimately, making better decisions. Two commonly held assumptions are that the decision maker’s cognitive belief system is fully accessible and that this system can be understood and formalized by trained analysts. … This book unites this community under the common theme of Behavioral Decision Analysis. The taxonomy used in this book categorizes research based on task focus (prediction or decision) and behavioral level (individual or group). Two theoretical lenses that lie at the interface between (1) normative and descriptive research, and (2) normative and prescriptive research are introduced.”

Posted July 10, 2024