The Experienced Utility of Expected Utility Approaches

Abstract

Reviewing many research results, the present report concludes: (a) the ability of the weighted average models to predict the decisions that people make varies from situation to situation; (b) even where they are successful in predicting decisions, these models may not do a very good job of describing the psychological processes that determined them. That is, their predictive accuracy is in part an artifact of the research techniques used.

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Document Details

Document Type
Technical Report
Publication Date
Apr 01, 1980
Accession Number
ADA088698

Entities

People

  • Baruch Fischhoff
  • Bernard Goitein
  • Zur Shapira

Tags

Communities of Interest

  • Human Systems

DTIC Thesaurus Topics

  • Accuracy
  • Applied Psychology
  • Cognition
  • Decision Theory
  • Economics
  • Employment
  • Human Behavior
  • Information Processing
  • Judgment
  • Measurement
  • Motor Skills
  • New York
  • Personality
  • Personnel Management
  • Psychology
  • Social Psychology
  • Thinking

Fields of Study

  • Psychology

Readers

  • Instructional Design and Training Evaluation.
  • Regression Analysis.
  • Theoretical Analysis.