Neuroeconomics, Judgment, and Decision Making

This book applies cognitive and social psychological principles of decision-making to behavioral economics, reviews their neurological bases, and applies the findings to individual financial decisions, group interactions, and public policy.

Evan A. Wilhelms is a PhD candidate in the Department of Human Development at Cornell University, and the Laboratory Leader in Dr. Valerie Reyna's Laboratory for Rational Decision Making. His research is on the topics of judgment and decision making, with implications for financial and health well-being in adolescents and adults. His work has appeared in the Journal of Medicine and Philosophy and Virtual Mentor: American Medical Association Journal of Ethics, as well as several edited volumes. Valerie F. Reyna is Professor of Human Development and Psychology at Cornell University, Co-Director of the Cornell University Magnetic Resonance Imaging Facility, Co-Director of the Center for Behavioral Economics and Decision Research, and Past President of the Society for Judgment and Decision Making. Her research encompasses human judgment and decision making, numeracy and quantitative reasoning, risk and uncertainty, medical decision making, social judgment, and false memory.

Part 1. Historical Foundations. Decision Making by Experts: Influence of Five Key Psychologists, J. Shanteau, W. Edwards. Part 2. Cognitive Consistency and Inconsistency. Cognitive Consistency: Cognitive and Motivational Perspectives, A.S. Chaxel, J. Edward Russo. Fuzzy Trace Theory Explains Paradoxical Dissociations in Affective Forecasting, E.A. Wilhelms, R.A. Setton, R.K. Helm, V.F. Reyna. Part 3. Heuristics and Biases. Intuition, Inhibition, Interference, and Individual Differences in Fuzzy Trace Theory, J.C. Corbin, J.M. Liberali, V.F.Reyna, P.G. Brust-Renck. The Predecisional Distortion of Information, J.E. Russo. The Precision Effect: How Numerical Precision Influences Everyday Judgments, M.Thomas, J. Park. Part 4. Neuroeconomics and Neurobiology. Studying Decision Processes Through Behavioral and Neuroscience Analyses of Framing Effects, I.P. Levin, T. McElroy, G.J. Gaeth, W. Hedgcock, N.L. Denburg, D. Tranel. "Hot" Cognition and Dual Systems: Introduction, Criticisms, and Ways Forward. T.E. Gladwin, B. Figner. Neuroeconomics and Dual Information Processes Underlying Charitable Giving, S. Dickert, D.Västfjäll, P. Slovic. Part 5. Developmental and Individual Differences. Choice from Childhood to Adulthood: Changes in Decision Strategies, Affect, and Control. A.C.K. van Duijvenvoorde, B.R.J. Jansen, H.M. Huizenga. Individual Differences in Decision-making Competence Across the Lifespan, W. Bruine de Bruin, A.M. Parker, B. Fischhoff. Part 6. Improving Decisions. Improving Judgments and Decisions by Experiencing Simulated Outcomes, R.M. Hogarth, E. Soyer. Predictors of Risky Decisions: Improving Judgment and Decision Making Based on Evidence from Phishing Attacks, J. Downs, A. Acquisti, D. Barbagallo