Concept information
Preferred term
judgment and decision making
Definition
- Judgments refer to external evaluations of the world, regarding the probability, likelihood, or frequency of events occurring. Judgments often happen under conditions of uncertainty. [Source: The Encyclopedia of Political Science; Judgment and Decision Making]
Broader concept
Narrower concepts
- behavioral economics
- decision making
- fast and frugal heuristics
- grim necessities
- group decision making
- group polarization
- hindsight bias
- hot hand effect
- hyperbolic discounting
- illusion of transparency
- illusory correlation
- ingroup-outgroup bias
- integrative complexity
- law of small numbers
- loss aversion
- mental accounting
- mere ownership effect
- naive cynicism
- naïve realism
- omission neglect
- overconfidence
- planning fallacy
- pluralistic ignorance
- preference reversals
- prisoner's dilemma
- prospect theory
- public goods dilemma
- recency effect
- representativeness heuristic
- risk taking
- satisficing
- sequential choice
- simulation heuristic
- simultaneous choice
- social dilemmas
- social information processing
- spreading of alternatives
- sunk costs
- visceral influences
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/judgment_and_decision_making
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