Making Better Decisions: Decision Theory in Practice

Making Better Decisions introduces readers to some of the principal aspects of decision theory, and examines how these might lead us to make better decisions.

• Introduces readers to key aspects of decision theory and examines how they might help us make better decisions

• Presentation of material encourages readers to imagine a situation and make a decision or a judgment

• Offers a broad coverage of the subject including major insights from several sub-disciplines: microeconomic theory, decision theory, game theory, social choice, statistics, psychology, and philosophy

• Explains these insights informally in a language that has minimal mathematical notation or jargon, even when describing and interpreting mathematical theorems

• Critically assesses the theory presented within the text, as well as some of its critiques

• Includes a web resource for teachers and students

Keywords: decision theory, game theory, statistics