Psychological Bulletin · 1982 · 900 citations · 71 references
ManagementDecision SciencesCost-benefit AnalysisDecision MakingDecision TheoryBehavioral Decision-makingDecision Making In OrganizationsDecision-making ModelsProspect TheoryAdaptive Production ControlAdaptive Production SystemsAdaptive SystemsContextContext-dependent ChoiceCost-benefit Analysis In DecisionsDecision-making TheoryInformation Processing In Decisions
Reviews the literature showing the effects of task and context variables on decision behavior and evaluates alternative theories for handling task and context effects. These frameworks include (a) cost/benefit principles, (b) perceptual processes, and (c) adaptive production systems. Both the cost/b
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The Framing of Decisions and the Psychology of Choice
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