Judgment and decision making as a skill : learning, development, and evolution
Mandeep K Dhami, Anne Schlottmann, Michael Waldmann"Our scientific understanding of human Judgment and Decision Making (JDM) has grown considerably over the past 60 years in terms of the normative benchmarks (or standards) by which we assess performance, the descriptive models we use to describe JDM, and the prescriptive solutions we offer to improve JDM. Indeed, policy and practice in several domains such as education, management, and medicine have benefited from the findings of JDM research. Nevertheless, the vast majority of the theoretical literature and empirical research has discussed human JDM with little reference to its changing or dynamic nature. This is partly due to the historic coincidence that the field of JDM developed in competition with static economic models, such as expected utility theory, and to limiting methodological commitments such as investigating JDM in single-trial, cross-sectional studies with the primary focus on cognitively fully functioning adults"--