Show Summary Details

Page of

PRINTED FROM OXFORD HANDBOOKS ONLINE (www.oxfordhandbooks.com). (c) Oxford University Press, 2015. All Rights Reserved. Under the terms of the licence agreement, an individual user may print out a PDF of a single chapter of a title in Oxford Handbooks Online for personal use (for details see Privacy Policy).

date: 25 September 2017

Abstract and Keywords

This chapter overviews topics in judgment and decision making from a cognitive science perspective. It advocates a “closed-loop” view of decision making: an interactive and continuous dynamic process of exchanges between humans and their environment. The chapter first discusses the “open-loop” view of decision making that has dominated the field for many decades, beginning with a historical perspective on rationality and bounded rationality to distinguish the closed and open-loop views and the research from two major fields that study decision making: economics and psychology. It then presents foundational research for the closed-loop view that involves probability learning and dynamic decision making, adaptive decision making, and recent research on dynamic decision making and decisions from experience. The last section presents the naturalistic decision-making perspective and its connections to cognitive engineering and human factors. It concludes with a view on future research at individual, team, group, and societal levels.

Keywords: decision making, cognitive science, dynamic decision making, learning, adaptive decision making, naturalistic decision making

Access to the complete content on Oxford Handbooks Online requires a subscription or purchase. Public users are able to search the site and view the abstracts and keywords for each book and chapter without a subscription.

Please subscribe or login to access full text content.

If you have purchased a print title that contains an access token, please see the token for information about how to register your code.

For questions on access or troubleshooting, please check our FAQs, and if you can''t find the answer there, please contact us.