Title

Judgment and Decision Making Process

Publication Type

Book Chapter

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

First Page

425

Last Page

428

ISBN

9781412924702

Identifier

10.4135/9781412952651.n162

Publisher

SAGE

City or Country

Thousand Oaks, CA

Additional URL

http://worldcat.org/isbn/9781412924702