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

Itzhak Gilboa is a chaired Professor in the Department of Economics and Decision Sciences at HEC, Paris and in the Eitan Berglas School of Economics at Tel Aviv University, and Fellow of the Cowles Foundation at Yale University. He previously held the position of chaired Professor at the Kellogg School of Management at Northwestern University. Gilboa's research focuses on decision under uncertainty. He has worked with David Schmeidler on axiomatic foundation of non-Bayesian decision theory and contributed to research in complexity in game theory, evolutionary game theory, and social choice. He is co-author of A Theory of Case-Based Decisions (with David Schmeidler, 2001), and author of Theory of Decision under Uncertainty (2009) and of Rational Choice (2010).