Problems for Judgment and Decision Making

TLDR

The review notes that many problems extend traditional rational decision theories, while others stem from descriptive algebraic models or recent cognitive psychology and neuroscience advances. The authors examine five‑year advances in judgment and decision making by compiling a list of 16 research problems. We will know.”.

Abstract

▪ Abstract This review examines recent developments during the past 5 years in the field of judgment and decision making, written in the form of a list of 16 research problems. Many of the problems involve natural extensions of traditional, originally rational, theories of decision making. Others are derived from descriptive algebraic modeling approaches or from recent developments in cognitive psychology and cognitive neuroscience. “Wir müssen wissen. Wir werden wissen.” (We must know. We will know.) David Hilbert, Mathematische Probleme ( 1900 )