The Cognitive Basis for Decision Making Under Risk and Uncertainty: Research Programs & Controversies

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The Cognitive Basis for Decision Making Under Risk and Uncertainty: Research Programs & Controversies is written by Samuel Shye and published by Frontiers Media SA. It's available with International Standard Book Number or ISBN identification 283256108X (ISBN 10) and 9782832561089 (ISBN 13).

This issue aims to portray, justify, advance, contrast, and illustrate research programs in the domain of cognitive decision-making under risk and uncertainty, where such research programs are intended to promote theories, models, or conceptual frameworks for: • Prediction of empirical observations, • Descriptions of empirical results, likely or rationalized to lead to predictions (e.g., models with free parameters whose values are part of a hypothesis to be tested; or cross validation of descriptive-model results); • Generalizations of many specific empirical results; • Normative models alternative to Expected Utility Theory (EUT) • Replications of published results concerning any of the above. Any of the above may concern any aspect (statistic) of empirical data, including: • Individual or group behavior itself (e.g., prediction of people's actual choices); • differences or difference in rankings of Individual or group behavior • distribution of responses for the general purpose of promoting scientific understanding of individual or collective human behavior in the domain of decision-making under risk or uncertainty. In particular, this issue may shed light on the controversy between Behavioral Economics and Cognitive Economics. The first relates to Kahneman and Tversky's program of Heuristics and Biases and the normative model of formal rationality, whereas the second is connected to Simon, Gigerenzer, and Viale's program of simple adaptive heuristics and the normative model of ecological bounded rationality. Both of which aim to improve economics on a cognitive basis.