Psychological investigations of competence in decision making
By: edited by Kip Smith, James Shanteau, Paul Johnson
Contributors: Smith, Kip, 1943-; Shanteau, James; Johnson, Paul E. 1938-
Series: Cambridge series on judgment and decision making
Publisher: Cambridge University Press
Published: 2004
Place of publication: Cambridge, U.K; New York
Language: eng
Number of pages: 243
Subjects: Decision making
Description: "The premise of this book is that most activity in everyday life and work is based on tasks that are novel, infrequent in our experience, or variable with respect to the action to be taken. Such tasks require decisions to be made and actions taken in the face of ambiguous or incomplete information. Time pressure is frequently great and penalties for failure are severe. Examples include investing in markets, controlling industrial accidents, and detecting fraud. The environments in which such tasks occur defy a definition of optimal performance, yet the benefits of successful decision making are considerable.

The authors refer to domains without criteria for optimal performance as competency-based and describe the able behavior of individuals who work in them by the term competence."--Jacket.
Notes: Includes bibliographical references and index