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A review is presented of the book "Heuristics and Biases: The Psychology of Intuitive Judgment," edited by Thomas Gilovich, Dale Griffin, and Daniel Kahneman.

The article reviews the book "Transport Survey Methods: Best Practice for Decision Making" edited by Johanna Zmud, Martin Lee-Gosselin, Marcela Munizaga, and Juan Antonio Carrasco.

The article reviews the book "Decision Making and Leadership," edited by Frank Heller.

The article reviews the book "Decision Making: Descriptive, Normative, and Prescriptive Interactions," by David E. Bell, Howard Raiffa and Amos Tversky.

The article reviews the book "Decision Making: An Interdisciplinary Inquiry," edited by Gerardo R. Ungson and Daniel N. Braunstein.

The book 'Escalation in Decision-Making: The Tragedy of Taurus,' by Helga Drummond, chronicles the London Stock Exchange's attempt to develop an electronic share settlement process that would greatly facilitate the speed of settlement by eliminating the need for matching paper documentation from buyers and sellers. When the project, named Taurus, was announced in May 1986, it was expected to take three years to implement and would cost #6 million. Drummond tells the story of how the information technology venture was conceived, the numerous obstacles encountered, and the staggering costs involved (by the time the project was terminated in March 1993, the Stock Exchange had spent almost #80 million, and the total expenses, including costs absorbed by the securities industry, reached almost half a billion pounds). The book is both a case study and a theoretical analysis of escalation. Its fourteen chapters are evenly divided between description (telling the story of Taurus, based on interviews, documentary analyses, and media accounts) and analysis (linking the events and decisions to the escalation literature). [ABSTRACT FROM AUTHOR]

The decision and the weight given to the precautionary principle can be said to be justified by both deontological ethics and consequence ethics. A closer look at different types of risk management strategies shows that they are justified by both deontological ethics and consequence ethics. Decision making can be hard, particularly in situations we typically call dilemmas, where a choice has to be made between two or more alternatives with the potential for undesirable consequences. [Extracted from the article]

In their introduction of 'Debating Rationality: Non-rational Aspects of Organizational Decision Making,' editors Jennifer Halpern and Robert Stern trace the social science foundations of rationality and its research uses, stressing conceptions and applications from multiple research traditions. Shapira provides a pointed summary of the foundations of rationality used in the behavioral decision theory literature. Gibbons presents a similar review from the perspective of the economics of internal organization and its dialogue with organization theory. The three chapters work particularly well together to outline the terms of the debate. In the seven chapters that follow, authors whose work has helped shape contemporary research bring their expertise to the business of studying decisions and organizations. Rather than discarding the economic rationality model, the authors either advocate its revision or identify some of its inconsistencies. [ABSTRACT FROM AUTHOR]

This article focuses on the two moments in the career of painter Franz Kline that enables one to make the distinction between instrumental and personal artistic discoveries more vivid. The first was when he became an abstractionist; the second was when he became Franz Kline. There is some controversy as to whether Kline went abstract all at once or whether abstraction came gradually into his work, and the fact that this cannot be settled suggests it was the kind of decision one makes in joining a party or getting involved with someone or entering a profession.

Reviews the book "Sales Management: Analysis and Decision Making," by Thomas N. Ingram and Raymond W. LaForge.

The article reviews the book "Decision Models in Academic Administration," by Albert C. Heinlein.

Famously, we know that some psychoanalysts have vexed relationships to autobiography; most obviously, Freud was determined that the only "autobiography" his readers would receive from him would be a "scientific" one (i.e. his "An Autobiographical Study" of 1924). Comprised of 20 short chapters, Ian Parker's 2019 book, I Psychoanalysis, Clinic and Context: Subjectivity, History and Autobiography i , is written in an informal and informative tone, appropriately pitched for reports from the field. [Extracted from the article]

It is commonly asserted that “death is not a welfare issue” and this has been reflected in welfare legislation and policy in many countries. However, this creates a conflict for many who consider animal welfare to be an appropriate basis for decision-making in animal ethics but also consider that an animal’s death is ethically significant. To reconcile these viewpoints, this paper attempts to formulate an account of death as a welfare issue. Welfare issues are issues that refer to evaluations concerning an animal’s interests. This includes evaluations that refer only to comparisons between the presence and absence of states, including positive states. This means that an animal’s death may be a welfare issue insofar as it leads to the exclusion of relevant positive states. This allows us to deny that death is necessarily not a welfare issue. [ABSTRACT FROM AUTHOR]

Reviews two books on decision making. "Caught in the Act: Decision Makers at Work," by Morgan W. McCall Jr., Robert E. Kaplan and Michael L. Gerlach; "Decision Making: An Interdisciplinary Inquiry," by Gerardo R. Ungson and Daniel N. Braunstein.

B I Think Like Amazon: 50½ Ideas to Become a Digital Leader i b by John Rossman. When Gartner, the global research and advisory firm, designated Amazon a supply chain "master", Rossman notes, they described the organization as uniquely "bimodal": able to operate at scale, while keeping pace with innovation. Wedell-Wedellsborg describes a product development problem DSM, a global science company, struggled with for 2 years before deciding to broadcast it on social media, using a PowerPoint deck that described the problem and offering a significant reward. Instead, Wedell-Wedellsborg suggests calling on boundary spanners - colleagues, like those in DSM, who are within the organization but not a part of the team - to challenge the team with an internal and external perspective. [Extracted from the article]

Editor's Note: Guidelines for Selecting Books to Review Occasionally, we receive questions regarding the selection of books reviewed in the Journal of Economic Literature. A statement of our guidelines for book selection might therefore be useful. The general purpose of our book reviews is to help keep members of the American Economic Association informed of significant English-language publications in economics research. We also review significant books in related social sciences that might be of special interest to economists. On occasion, we review books that are written for the public at large if these books speak to issues that are of interest to economists. Finally, we review some reports or publications that have significant policy impact. Annotations are published for all books received. However, we receive many more books than we are able to review so choices must be made in selecting books for review. We try to identify for review scholarly, well-researched books that embody serious and original research on a particular topic. We do not review textbooks. Other things being equal, we avoid volumes of collected papers such as festschriften and conference volumes. Often such volumes pose difficult problems for the reviewer who may find herself having to describe and evaluate many different contributions. Among such volumes, we prefer those on a single, well-defined theme that a typical reviewer may develop in his review. We avoid volumes that collect previously published papers unless there is some material value added from bringing the papers together. Also, we refrain from reviewing second or revised editions unless the revisions of the original edition are really substantial. Our policy is not to accept offers to review (and unsolicited reviews of) particular books. Coauthorship of reviews is not forbidden but it is unusual and we ask our invited reviewers to discuss with us first any changes in the authorship or assigned length of a review. [ABSTRACT FROM AUTHOR]

Prioritising investments to minimise or mitigate natural hazards such as wildfires and storms is of increasing importance to hazard managers. Prioritisation of this type can be strengthened by considering benefit and cost impacts. To evaluate benefits and costs, managers require an understanding of both the tangible economic benefits and costs of mitigation decisions, and the often intangible values associated with environmental, social and health-related outcomes. We review the state of non-market valuation studies that provide monetary equivalent estimates for the intangible benefits and costs that can be affected by natural hazard events or their mitigation. We discuss whether managers can usefully call upon these available estimates, with a view to using the benefit transfer approach to include non-market values in economic decision frameworks. Additional context-specific non-market valuation studies are required to provide a more accurate selection of value estimates for natural hazard decision making. Decision making would benefit from considering these values explicitly in prioritising natural hazard investments. [ABSTRACT FROM AUTHOR]

The level of modeling sophistication in financial services has increased considerably over the years. Nowadays, the complexity of financial problems and the vast amount of data require an engineering approach based on analytical modeling tools for planning, decision making, reporting, and supervisory control. This article provides an overview of the main financial applications of computational and data analytics approaches, focusing on the coverage of the recent developments and trends. The overview covers different methodological tools and their uses in areas, such as portfolio management, credit analysis, banking, and insurance. [ABSTRACT FROM AUTHOR]

This article presents a review of the book "Information for Decision Making: Quantitative and Behavioral Dimensions," edited by Alfred Rappaport.

The article describes the courses "HUM 207: Informed Decision Making (IDM)" and "HUM 207h: Science, Medicine and Reason (SMR)" being offered at Oregon Institute of Technology.

Zur Shapira's edited volume, 'Organizational Decision Making,' provides a critical integration of the contemporary area of organizational decision making, with a clear focus on whether organizational decision making differs from individual decision making as studied in the behavioral decision research area. The book covers the breadth of the field extremely well. In addition, behavioral decision researchers are well advised to read this book to place the study of individual decision making in perspective. Focusing on a comparison between individual and organizational decisions, the central (implicit) debate concerns whether individual 'decision processes hold the key to the understanding of organizational phenomena' (Simon, 1976: xi), or whether organizational decision making is a topic separate from individual decision making (March and Shapira, 1982; March, 1994). [ABSTRACT FROM AUTHOR]

Reviews the book "Whatever It Takes: Decision Makers at Work," by Morgan W. McCall and Robert E. Kaplan. [ABSTRACT FROM AUTHOR]

Reviews the book "Intuitive Management: Integrating Left and Right Brain Management Skills," by Weston Agor. [ABSTRACT FROM AUTHOR]

The article presents a review of the book "Analysis of Public Systems," by Alvin W. Drake, Ralph L. Keeney, and Philip M. Morse.

One of the people most closely associated with the development of Bayesian decision theory and its application to business problems has been Howard Raiffa. It would therefore seem valuable on a priori grounds alone to have him write an introduction to the subject, stressing the foundations of Bayesian decision theory and articulating the philosophical issues over which statisticians might respectfully disagree with one another. In Decision Analysis: Introductory Lectures on Choices under Uncertainty Raiffa has done precisely this. The finished product strongly confirms one's prior judgment. With the prior distribution and the likelihood function both strongly peaked at the point corresponding to the hypothesis that it is an excellent idea for Howard Raiffa to write an introduction to Bayesian decision theory, this reviewer's posterior distribution accordingly also reaches a very steep peak at this point. [ABSTRACT FROM AUTHOR]

Reviews the book "Advances in Decision Analysis," edited by Nadine Meskens and Marc Roubens.

Reviews the book "Contributions to Decision Making: I," edited by Paul Caverni, Maya Bar- Hillel, F. Hutton Barron and Helmut Jungermann.

Reviews the book "Essays in Decision Making--A Volume in Honour of Stanley Zionts," edited by Mark H. Karwan, H. Spronk, Jaap Jykri and Wallenius Jykri.

Reviews the book "Decision Making for Public Libraries," by Alice B. Ihrig.

Reviews the book "Management Decisions for Cash and Marketable Securities," by Harold Bierman and Alan K. McAdams.

The article reviews the book "Decision Making--An Information Sourcebook," by Sarojini Balachandran.

Reviews the book "Thinking and Deciding," by Jonathan Baron.