Decision Making

MICHAL SKO?EPA is a Lecturer in Decision Research and Behavioral Economics at the Institute for Economic Studies, Charles University, Prague, Czech Republic, where he received his PhD. He has been teaching a course based on the material in this textbook for over a decade. Currently he is an Advisor to the Vice-Governor of the Czech National Bank, and he is President of the Czech Economic Society.

PART I: FUNDAMENTALS.- Introduction and Motivation.- Basic Concepts.- An Overview of the Main Areas of Decision Science.- History of Research on Decision-making.- Methodology of Decision Science.- Selected Decision Maxims.- PART II: MODELS AND FINDINGS.- Inductive Reasoning I Generalization and Sampling.- Inductive Reasoning II Forecasting.- Inductive Reasoning III Influenceof Comparing.- Comparing in General I Types of Utilities.- Comparing in General II Reference Dependence.- Comparing I Multiple States of the World.- Comparing II Multiple Periods.- Bibliography.- Index.