Decision Making: Descriptive, Normative, and Prescriptive Interactions

Abstract

Papers presented at a conference held at the Harvard Business School, June, 1983. Presents the current state of research and its application; also demonstrates how the different disciplinary approaches can inform one anothe and thus lay the foundations for the integrated analysis of decision making. Descriptive, normative, and prescriptive interactions in decision making / David E. Bell, Howard Raiffa, and Amos Tversky -- Bounded rationality, ambiguity, and the engineering of choice / James G. March -- Rationality as process and as product of thought / Herbert A. Simon -- Normative theories of decision making under risk and under uncertainty / P.C. Fishburn -- Risky choice revisited / David E. Bell and Howard Raiffa -- Behavioral decision theory : processes of judgment and choice / Hillel J. Einhorn and Robin M. Hogarth -- Reply to commentaries / Hillel J. Einhorn and Robin M. Hogarth -- Response mode, framing, and information-processing effects in risk assessment / Paul Slovic, Baruch Fischhoff, and Sara Lichtenstein -- Rational choice and the framing of decisions / Amos Tversky and Daniel Kahneman -- Savage revisited / Glen Shafer -- Languages and designs for probability judgement / Glenn Shafer and Amos Tversky -- Updating subjective probability / Persi Diaconis and Sandy L. Zabell -- Probability, evidence, and judgment / A.P. Dempster -- The effects of statistical training on thinking about everyday problems / Geoffrey T. Fong, David H. Krantz, and Richard E. Nisbett -- The mind as a consuming organ / T.C. Schelling -- Disappointment in decision making under uncertainty / David E. Bell -- Marginal value and intrinsic risk aversion / David E. Bell and Howard Raiffa -- Knowing what you want : measuring labile values / Baruch Fischhoff, Paul Slovic and Sarah Lichtenstein -- Sources of bias in assessment procedures for utility functions / John C. Hershey, Howard C. Kunreuther, and Paul J. Schoemaker -- Simplicity in decision analysis : an example and a discussion / Ward Edwards, Detlof von Winterfeldt, and David L. Moody -- Value-focused thinking and the study of values / Ralph L. Keeney -- Behavior under uncertainty and its implications for policy / Kenneth J. Arrow -- The relevance of quasi rationality in competitive markets / Thomas Russell and Richard Thaler -- How senior managers think / Daniel J. Isenberg -- Problems in producing usable knowledge for implementing liberating alternatives / Chris Argyris -- On the framing of medical decisions / Barbara J. McNeil, Stephen G. Pauker, and Amos Tversky -- Whether or not to administer amphotericin to an immunosuppressed patient with hematologic malignancy and undiagnosed fever / Jonathan E. Gottlieb and Stephen G. Pauker -- The effect of private attitudes on public policy : prenatal screening for neural tube defects as a prototype / Stephen G. Pauker, Susan P. Pauker and Barbara J. McNeil -- Discussion agenda for the session on medical decision making and minutes of a group discussion on clinical decision making / Milton C. Weinstein [and others].