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Introduction to Managerial Decision Making | |
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The Anatomy of Decisions | |
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System 1 and System 2 Thinking | |
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The Bounds of Human Rationality | |
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Introduction to Judgmental Heuristics | |
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An Outline of Things to Come | |
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Common Biases | |
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Biases Emanating from the Availability Heuristic | |
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Biases Emanating from the Representativeness Heuristic | |
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Biases Emanating from the Confirmation Heuristic | |
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Integration and Commentary | |
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Bounded Awareness | |
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Inattentional Blindness | |
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Change Blindness | |
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Focalism and the Focusing Illusion | |
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Bounded Awareness in Groups | |
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Bounded Awareness in Strategic Settings | |
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Bounded Awareness in Auctions | |
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Discussion | |
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Framing and the Reversal of Preferences | |
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Framing and the Irrationality of the Sum of Our Choices | |
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We Like Certainty, Even Pseudocertainty | |
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The Framing and the Overselling of Insurance | |
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What's It Worth to You? | |
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The Value We Place on What We Own | |
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Mental Accounting | |
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Do No Harm, the Omission Bias, and the Status Quo | |
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Rebate/Bonus Framing | |
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Joint Versus Separate Preference Reversals | |
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Conclusion and Integration | |
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Motivational and Emotional Influences on Decision Making | |
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When Emotion and Cognition Collide | |
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Positive Illusions | |
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Self-Serving Reasoning | |
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Emotional Influences on Decision Making | |
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Summary | |
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The Escalation of Commitment | |
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The Unilateral Escalation Paradigm | |
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The Competitive Escalation Paradigm | |
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Why Does Escalation Occur? | |
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Integration | |
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Fairness and Ethics in Decision Making | |
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Perceptions of Fairness | |
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Bounded Ethicality | |
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Conclusion | |
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Common Investment Mistakes | |
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The Psychology of Poor Investment Decisions | |
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Active Trading | |
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Action Steps | |
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Making Rational Decisions in Negotiations | |
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A Decision-Analytic Approach to Negotiations | |
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Claiming Value in Negotiation | |
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Creating Value in Negotiation | |
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The Tools of Value Creation | |
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Summary and Critique | |
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Negotiator Cognition | |
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The Mythical Fixed Pie of Negotiation | |
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The Framing of Negotiator Judgment | |
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Escalation of Conflict | |
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Overestimating Your Value in Negotiation | |
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Self-Serving Biases in Negotiation | |
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Anchoring in Negotiations | |
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Conclusions | |
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Improving Decision Making | |
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Use Decision-Analysis Tools | |
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Acquire Expertise | |
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Debias Your Judgment | |
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Reason Analogically | |
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Take an Outsider's View | |
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Understand Biases in Others | |
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Conclusion | |
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References | |
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Index | |