Judgment and Decision Making Process
Publication Type
Encyclopaedia
Publication Date
6-2010
Abstract
Judgment and decision making (JDM) refers to an interdisciplinary area of research that seeks to determine how people make judgments and choices. The field considers perspectives from psychology, sociology, and economics; JDM researchers are found in psychology, management, economics, and marketing departments, as well as in schools of medicine, engineering, and public health. As this volume is concentrated on industrial/organizational psychology, we adopt a mostly descriptive (i.e., psychological) perspective in discussing this topic. Psychologists have been concerned mostly with how people actually make decisions, whereas researchers from other areas (e.g., economics) have been concerned mostly with the rules that people should follow when making choices. In general, decisions can be categorized depending on whether the outcomes of the available options are known for sure (decisions under certainty) or whether the outcomes are uncertain and occur with known or uncertain probabilities (decisions under uncertainty).
Discipline
Business | Organizational Behavior and Theory
Research Areas
Organisational Behaviour and Human Resources
Publication
Encyclopedia of Industrial and Organizational Psychology
Editor
Steven G. Rogelberg
First Page
425
Last Page
428
ISBN
9781412924702
Identifier
10.4135/9781412952651.n162
Publisher
SAGE
City or Country
Thousand Oaks, CA
Citation
Slaughter, J., & Reb, J. 2007. "Judgment and Decision-making Process." In Encyclopedia of Industrial and Organizational Psychology, edited by S. Rogelberg, 425-428. Thousand Oaks, CA: SAGE.
Additional URL
https://doi.org/10.4135/9781412952651.n162