The 8 Errors Of Decision Making

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The 8 Errors of Decision Making

Author : Samuel Inbaraja S
Publisher : Samuel Inbaraja S
ISBN 13 :
Total Pages : 32 pages
Book Rating : 4./5 ( download)

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Book Synopsis The 8 Errors of Decision Making by : Samuel Inbaraja S

Download or read book The 8 Errors of Decision Making written by Samuel Inbaraja S and published by Samuel Inbaraja S. This book was released on 2024-06-26 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: If you’ve ever wondered why smart people make irrational choices, or why your carefully thought-out plans sometimes fail, you’re not alone. We all fall prey to subtle psychological traps that skew our thinking and lead us astray. This book is your guide to understanding and overcoming these mental pitfalls, using real-world examples to illustrate each concept. Every day, we make countless decisions, from the mundane to the monumental. Whether it's choosing what to have for lunch, deciding on a career change, or navigating a relationship, each decision is a potential minefield of psychological traps. These traps can distort our judgment, leading to poor outcomes and regret. The good news is that by recognizing these traps, we can learn to sidestep them and make better decisions. This book is structured around eight common psychological traps: the Anchoring Trap, the Status Quo Trap, the Sunk Cost Trap, the Confirming Evidence Trap, the Framing Trap, the Overconfidence Trap, the Prudence Trap, and the Recallability Trap. Each chapter delves into one of these traps, explaining how it works, why it’s so effective, and how you can avoid falling into it.

Judgment Misguided

Author : Jonathan Baron
Publisher : Oxford University Press, USA
ISBN 13 : 0195111087
Total Pages : 238 pages
Book Rating : 4.1/5 (951 download)

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Book Synopsis Judgment Misguided by : Jonathan Baron

Download or read book Judgment Misguided written by Jonathan Baron and published by Oxford University Press, USA. This book was released on 1998 with total page 238 pages. Available in PDF, EPUB and Kindle. Book excerpt: People often follow intuitive principles of decision making, ranging from group loyalty to the belief that nature is benign. But instead of using these principles as rules of thumb, we often treat them as absolutes and ignore the consequences of following them blindly. In Judgment Misguided, Jonathan Baron explores our well-meant and deeply felt personal intuitions about what is right and wrong, and how they affect the public domain. Baron argues that when these intuitions are valued in their own right, rather than as a means to another end, they often prevent us from achieving the results we want. Focusing on cases where our intuitive principles take over public decision making, the book examines some of our most common intuitions and the ways they can be misused. According to Baron, we can avoid these problems by paying more attention to the effects of our decisions. Written in a accessible style, the book is filled with compelling case studies, such as abortion, nuclear power, immigration, and the decline of the Atlantic fishery, among others, which illustrate a range of intuitions and how they impede the public's best interests. Judgment Misguided will be important reading for those involved in public decision making, and researchers and students in psychology and the social sciences, as well as everyone looking for insight into the decisions that affect us all.

Iceberg Sighted: Decision-Making Techniques to avoid titanic disasters

Author :
Publisher : e-Diciones KOLAB
ISBN 13 : 8493879835
Total Pages : 151 pages
Book Rating : 4.4/5 (938 download)

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Book Synopsis Iceberg Sighted: Decision-Making Techniques to avoid titanic disasters by :

Download or read book Iceberg Sighted: Decision-Making Techniques to avoid titanic disasters written by and published by e-Diciones KOLAB. This book was released on with total page 151 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Noise

Author : Daniel Kahneman
Publisher : Little, Brown
ISBN 13 : 031645138X
Total Pages : 429 pages
Book Rating : 4.3/5 (164 download)

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Book Synopsis Noise by : Daniel Kahneman

Download or read book Noise written by Daniel Kahneman and published by Little, Brown. This book was released on 2021-05-18 with total page 429 pages. Available in PDF, EPUB and Kindle. Book excerpt: From the Nobel Prize-winning author of Thinking, Fast and Slow and the coauthor of Nudge, a revolutionary exploration of why people make bad judgments and how to make better ones—"a tour de force” (New York Times). Imagine that two doctors in the same city give different diagnoses to identical patients—or that two judges in the same courthouse give markedly different sentences to people who have committed the same crime. Suppose that different interviewers at the same firm make different decisions about indistinguishable job applicants—or that when a company is handling customer complaints, the resolution depends on who happens to answer the phone. Now imagine that the same doctor, the same judge, the same interviewer, or the same customer service agent makes different decisions depending on whether it is morning or afternoon, or Monday rather than Wednesday. These are examples of noise: variability in judgments that should be identical. In Noise, Daniel Kahneman, Olivier Sibony, and Cass R. Sunstein show the detrimental effects of noise in many fields, including medicine, law, economic forecasting, forensic science, bail, child protection, strategy, performance reviews, and personnel selection. Wherever there is judgment, there is noise. Yet, most of the time, individuals and organizations alike are unaware of it. They neglect noise. With a few simple remedies, people can reduce both noise and bias, and so make far better decisions. Packed with original ideas, and offering the same kinds of research-based insights that made Thinking, Fast and Slow and Nudge groundbreaking New York Times bestsellers, Noise explains how and why humans are so susceptible to noise in judgment—and what we can do about it.

101 Cognitive Errors: Decision Making

Author : Mostafa Maleki Tehrani
Publisher : Firouz Media
ISBN 13 : 1915557143
Total Pages : 106 pages
Book Rating : 4.9/5 (155 download)

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Book Synopsis 101 Cognitive Errors: Decision Making by : Mostafa Maleki Tehrani

Download or read book 101 Cognitive Errors: Decision Making written by Mostafa Maleki Tehrani and published by Firouz Media. This book was released on 2023-01-25 with total page 106 pages. Available in PDF, EPUB and Kindle. Book excerpt: Decision-making errors, both perceptual and logical, can have far-reaching consequences in our lives. To better understand how these errors can affect our decision-making, this book offers examples of mistakes people often make in their personal and professional lives. These mistakes can range from minor missteps to dramatic misjudgments, but ultimately all lead to a negative outcome. By examining examples of these blunders, one can better recognize the signals of faulty decision-making and take steps to avoid them in the future.

Thinking, Fast and Slow

Author : Daniel Kahneman
Publisher : Farrar, Straus and Giroux
ISBN 13 : 1429969350
Total Pages : 511 pages
Book Rating : 4.4/5 (299 download)

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Book Synopsis Thinking, Fast and Slow by : Daniel Kahneman

Download or read book Thinking, Fast and Slow written by Daniel Kahneman and published by Farrar, Straus and Giroux. This book was released on 2011-10-25 with total page 511 pages. Available in PDF, EPUB and Kindle. Book excerpt: Major New York Times bestseller Winner of the National Academy of Sciences Best Book Award in 2012 Selected by the New York Times Book Review as one of the ten best books of 2011 A Globe and Mail Best Books of the Year 2011 Title One of The Economist's 2011 Books of the Year One of The Wall Street Journal's Best Nonfiction Books of the Year 2011 2013 Presidential Medal of Freedom Recipient Kahneman's work with Amos Tversky is the subject of Michael Lewis's The Undoing Project: A Friendship That Changed Our Minds In his mega bestseller, Thinking, Fast and Slow, Daniel Kahneman, the renowned psychologist and winner of the Nobel Prize in Economics, takes us on a groundbreaking tour of the mind and explains the two systems that drive the way we think. System 1 is fast, intuitive, and emotional; System 2 is slower, more deliberative, and more logical. The impact of overconfidence on corporate strategies, the difficulties of predicting what will make us happy in the future, the profound effect of cognitive biases on everything from playing the stock market to planning our next vacation—each of these can be understood only by knowing how the two systems shape our judgments and decisions. Engaging the reader in a lively conversation about how we think, Kahneman reveals where we can and cannot trust our intuitions and how we can tap into the benefits of slow thinking. He offers practical and enlightening insights into how choices are made in both our business and our personal lives—and how we can use different techniques to guard against the mental glitches that often get us into trouble. Winner of the National Academy of Sciences Best Book Award and the Los Angeles Times Book Prize and selected by The New York Times Book Review as one of the ten best books of 2011, Thinking, Fast and Slow is destined to be a classic.

Decision Traps

Author : J. Edward Russo
Publisher : Touchstone
ISBN 13 :
Total Pages : 308 pages
Book Rating : 4.X/5 (4 download)

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Book Synopsis Decision Traps by : J. Edward Russo

Download or read book Decision Traps written by J. Edward Russo and published by Touchstone. This book was released on 1990 with total page 308 pages. Available in PDF, EPUB and Kindle. Book excerpt: Two experts in business management show how to avoid the ten common pitfalls that ensanre decision makers. The very latest research in the fields of business and psychology has been distilled into practical training methods that will save readers from ever making a bad decision again.

The 8 Laws of Decision Making

Author : Samuel Inbaraja
Publisher : Dr. Samuel Inbaraja S
ISBN 13 :
Total Pages : 37 pages
Book Rating : 4./5 ( download)

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Book Synopsis The 8 Laws of Decision Making by : Samuel Inbaraja

Download or read book The 8 Laws of Decision Making written by Samuel Inbaraja and published by Dr. Samuel Inbaraja S . This book was released on 2024-06-26 with total page 37 pages. Available in PDF, EPUB and Kindle. Book excerpt: In a world where choices abound and consequences resonate, the ability to make sound decisions is paramount. Whether in personal, professional, or societal realms, every decision shapes the trajectory of our lives and influences the world around us. But what makes a decision effective? How can we navigate the complex landscape of choices with confidence and clarity? "The 8 Laws of Decision Making" offers a comprehensive guide to understanding and harnessing the principles that underpin effective decision-making. Drawing from the latest research in psychology, neuroscience, economics, and law, this book provides a roadmap for making informed,

Judgment Under Uncertainty

Author : Daniel Kahneman
Publisher : Cambridge University Press
ISBN 13 : 9780521284141
Total Pages : 574 pages
Book Rating : 4.2/5 (841 download)

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Book Synopsis Judgment Under Uncertainty by : Daniel Kahneman

Download or read book Judgment Under Uncertainty written by Daniel Kahneman and published by Cambridge University Press. This book was released on 1982-04-30 with total page 574 pages. Available in PDF, EPUB and Kindle. Book excerpt: Thirty-five chapters describe various judgmental heuristics and the biases they produce, not only in laboratory experiments, but in important social, medical, and political situations as well. Most review multiple studies or entire subareas rather than describing single experimental studies.

The Paradox of Choice

Author : Barry Schwartz
Publisher : Harper Collins
ISBN 13 : 0061748994
Total Pages : 308 pages
Book Rating : 4.0/5 (617 download)

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Book Synopsis The Paradox of Choice by : Barry Schwartz

Download or read book The Paradox of Choice written by Barry Schwartz and published by Harper Collins. This book was released on 2009-10-13 with total page 308 pages. Available in PDF, EPUB and Kindle. Book excerpt: Whether we're buying a pair of jeans, ordering a cup of coffee, selecting a long-distance carrier, applying to college, choosing a doctor, or setting up a 401(k), everyday decisions—both big and small—have become increasingly complex due to the overwhelming abundance of choice with which we are presented. As Americans, we assume that more choice means better options and greater satisfaction. But beware of excessive choice: choice overload can make you question the decisions you make before you even make them, it can set you up for unrealistically high expectations, and it can make you blame yourself for any and all failures. In the long run, this can lead to decision-making paralysis, anxiety, and perpetual stress. And, in a culture that tells us that there is no excuse for falling short of perfection when your options are limitless, too much choice can lead to clinical depression. In The Paradox of Choice, Barry Schwartz explains at what point choice—the hallmark of individual freedom and self-determination that we so cherish—becomes detrimental to our psychological and emotional well-being. In accessible, engaging, and anecdotal prose, Schwartz shows how the dramatic explosion in choice—from the mundane to the profound challenges of balancing career, family, and individual needs—has paradoxically become a problem instead of a solution. Schwartz also shows how our obsession with choice encourages us to seek that which makes us feel worse. By synthesizing current research in the social sciences, Schwartz makes the counter intuitive case that eliminating choices can greatly reduce the stress, anxiety, and busyness of our lives. He offers eleven practical steps on how to limit choices to a manageable number, have the discipline to focus on those that are important and ignore the rest, and ultimately derive greater satisfaction from the choices you have to make.

Errors in Evidence-Based Decision Making

Author : Robert W. Janke
Publisher : Rowman & Littlefield
ISBN 13 : 1475810822
Total Pages : 205 pages
Book Rating : 4.4/5 (758 download)

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Book Synopsis Errors in Evidence-Based Decision Making by : Robert W. Janke

Download or read book Errors in Evidence-Based Decision Making written by Robert W. Janke and published by Rowman & Littlefield. This book was released on 2014-06-25 with total page 205 pages. Available in PDF, EPUB and Kindle. Book excerpt: Existing research methods textbooks emphasize the mechanics of HOW to conduct research studies. However, many students fail to see WHY it is important to learn about research because they will never conduct research studies. These students do not become engaged in learning and believe that research courses and textbooks are useless. They do not see the need of developing “research literacy” to understand the applications and limitations of research to their daily lives. This book engages students with a nonmathematical presentation that includes real examples of the consequences of research errors in daily life. The organization facilitates learning with objectives, concepts, description of errors, best practices, and examples. This is a research methods textbook for students who fear research textbooks. The diversity of topics in this book permits application to research methods courses in these academic fields: Economics, Education, Political Science, Psychology, and Sociology. This should be the first book for all students to introduce research and develop “research literacy”.

The Handbook of Behavioral Operations

Author : Karen Donohue
Publisher : John Wiley & Sons
ISBN 13 : 1119138302
Total Pages : 688 pages
Book Rating : 4.1/5 (191 download)

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Book Synopsis The Handbook of Behavioral Operations by : Karen Donohue

Download or read book The Handbook of Behavioral Operations written by Karen Donohue and published by John Wiley & Sons. This book was released on 2018-11-06 with total page 688 pages. Available in PDF, EPUB and Kindle. Book excerpt: A comprehensive review of behavioral operations management that puts the focus on new and trending research in the field The Handbook of Behavioral Operations offers a comprehensive resource that fills the gap in the behavioral operations management literature. This vital text highlights best practices in behavioral operations research and identifies the most current research directions and their applications. A volume in the Wiley Series in Operations Research and Management Science, this book contains contributions from an international panel of scholars from a wide variety of backgrounds who are conducting behavioral research. The handbook provides succinct tutorials on common methods used to conduct behavioral research, serves as a resource for current topics in behavioral operations research, and as a guide to the use of new research methods. The authors review the fundamental theories and offer frameworks from a psychological, systems dynamics, and behavioral economic standpoint. They provide a crucial grounding for behavioral operations as well as an entry point for new areas of behavioral research. The handbook also presents a variety of behavioral operations applications that focus on specific areas of study and includes a survey of current and future research needs. This important resource: Contains a summary of the methodological foundations and in-depth treatment of research best practices in behavioral research. Provides a comprehensive review of the research conducted over the past two decades in behavioral operations, including such classic topics as inventory management, supply chain contracting, forecasting, and competitive sourcing. Covers a wide-range of current topics and applications including supply chain risk, responsible and sustainable supply chain, health care operations, culture and trust. Connects existing bodies of behavioral operations literature with related fields, including psychology and economics. Provides a vision for future behavioral research in operations. Written for academicians within the operations management community as well as for behavioral researchers, The Handbook of Behavioral Operations offers a comprehensive resource for the study of how individuals make decisions in an operational context with contributions from experts in the field.

You're About to Make a Terrible Mistake

Author : Olivier Sibony
Publisher : Little, Brown Spark
ISBN 13 : 0316494976
Total Pages : 336 pages
Book Rating : 4.3/5 (164 download)

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Book Synopsis You're About to Make a Terrible Mistake by : Olivier Sibony

Download or read book You're About to Make a Terrible Mistake written by Olivier Sibony and published by Little, Brown Spark. This book was released on 2020-07-14 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: Discover nine common business decision-making traps -- and learn practical tools for avoiding them -- in this "masterful," research-based guide from a professor of strategic thinking. (Daniel Kahneman, author of Thinking, Fast and Slow) We all make decisions all the time. It's so natural that we hardly stop to think about it. Yet even the smartest and most experienced among us make frequent and predictable errors. So, what makes a good decision? Should we trust our intuitions, and if so, when? How can we avoid being tripped up by cognitive biases when we are not even aware of them? In You're About to Make a Terrible Mistake!, strategy professor and management consultant Olivier Sibony draws on dozens of fascinating and engaging case studies to show how cognitive biases routinely lead all of us -- including even the most renowned business titans -- into nine common decision-making traps. But instead of rehashing the same old "debiasing" techniques that fail managers time and again, Sibony explains that the best way to avoid the pitfalls of cognitive bias is to craft an effective decision-making architecture in your organization -- a system of techniques and processes that leverage collective intelligence to help leaders make the best decisions possible -- and provides 40 concrete methods for doing so. Distinctive in the clarity and practicality of its message, You're About to Make a Terrible Mistake! distills the latest developments in behavioral economics and cognitive psychology into actionable tools for making smart, effective decisions in business and beyond. "Succinct, accurate, and even-handed. I loved it!" (Angela Duckworth, bestselling author of Grit) "The best, funniest, most useful guide to cognitive bias in business. If you make decisions, you need to read this book." (Safi Bahcall, bestselling author of Loonshots)

The Oxford Handbook of Organizational Decision Making

Author : Gerard P. Hodgkinson
Publisher : Oxford University Press
ISBN 13 : 0191558605
Total Pages : 651 pages
Book Rating : 4.1/5 (915 download)

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Book Synopsis The Oxford Handbook of Organizational Decision Making by : Gerard P. Hodgkinson

Download or read book The Oxford Handbook of Organizational Decision Making written by Gerard P. Hodgkinson and published by Oxford University Press. This book was released on 2008-03-06 with total page 651 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Oxford Handbook of Organizational Decision Making comprehensively surveys theory and research on organizational decision-making, broadly conceived. Emphasizing psychological perspectives, while encompassing the insights of economics, political science, and sociology, it provides coverage at the individual, group, organizational, and inter-organizational levels of analysis. In-depth case studies illustrate the practical implications of the work surveyed. Each chapter is authored by one or more leading scholars, thus ensuring that this Handbook is an authoritative reference work for academics, researchers, advanced students, and reflective practitioners concerned with decision-making in the areas of Management, Psychology, and HRM. Contributors: Eric Abrahamson, Julia Balogun, Michael L. Barnett, Philippe Baumard, Nicole Bourque, Laure Cabantous, Prithviraj Chattopadhyay, Kevin Daniels, Jerker Denrell, Vinit M. Desai, Giovanni Dosi, Roger L.M. Dunbar, Stephen M. Fiore, Mark A. Fuller, Michael Shayne Gary, Elizabeth George, Jean-Pascal Gond, Paul Goodwin, Terri L. Griffith, Mark P. Healey, Gerard P. Hodgkinson, Gerry Johnson, Michael Johnson-Cramer, Alfred Kieser, Ann Langley, Eleanor T. Lewis, Dan Lovallo, Rebecca Lyons, Peter M. Madsen, A. John Maule, John M. Mezias, Nigel Nicholson, Gregory B. Northcraft, David Oliver, Annie Pye, Karlene H. Roberts, Jacques Rojot, Michael A. Rosen, Isabelle Royer, Eugene Sadler-Smith, Eduardo Salas, Kristyn A. Scott, Zur Shapira, Carolyne Smart, Gerald F. Smith, Emma Soane, Paul R. Sparrow, William H. Starbuck, Matt Statler, Kathleen M. Sutcliffe, Michal Tamuz, Teri Jane Ursacki-Bryant, Ilan Vertinsky, Bénédicte Vidaillet, Jane Webster, Karl E. Weick, Benjamin Wellstein, George Wright, Kuo Frank Yu, and David Zweig.

Eliminating Human Errors in Decision Making

Author : Ronald Roger Sayegh
Publisher :
ISBN 13 :
Total Pages : 100 pages
Book Rating : 4.:/5 (785 download)

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Book Synopsis Eliminating Human Errors in Decision Making by : Ronald Roger Sayegh

Download or read book Eliminating Human Errors in Decision Making written by Ronald Roger Sayegh and published by . This book was released on 1994 with total page 100 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Misguided Mind

Author : Steven Schuster
Publisher : Createspace Independent Publishing Platform
ISBN 13 : 9781985060050
Total Pages : 160 pages
Book Rating : 4.0/5 (6 download)

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Book Synopsis The Misguided Mind by : Steven Schuster

Download or read book The Misguided Mind written by Steven Schuster and published by Createspace Independent Publishing Platform. This book was released on 2018-02-04 with total page 160 pages. Available in PDF, EPUB and Kindle. Book excerpt: Does your impulsive thinking bring only trouble? Do you often grab your head muttering "what was I thinking?" There is a reason: our first, instinctual thoughts and actions are usually irrational and self-sabotaging. The Misguided Mind will tell you why and also how can you correct it. We make thinking errors on a day-to-day basis. They come naturally, thus we don't think that we think in a distorted way, however they can have severe negative effect on our lives. Knowing what they are and how to identify them, we can help ourselves making better choices. In what area of life? All of them: personal relationships, business choices, spending habits, health-related engagements. Our minds don't work the way we think they do. The book presents the scientific background of thinking errors related to behavior, social relations, and memory through the most famous psychology experiments, behavioral economics research, neuropsychology, and the author's own observations. What remains is an entertaining but practical and informative guide to clear your mind. Become less irrational. This book aims to help you think about your thinking and find better solutions to your problems. --Why are first impressions so powerful and permanent? --Why do we rely on the first thought that pops into our mind? --How can certain advertisements make us open our wallet immediately? --How and why does our memory fool us on a daily basis? Again and again, we think we experience and understand the world as it is, but our thoughts are beset by everyday illusions. The Misguided Mind reveals the many ways our intuition can deceive us, why we succumb to these everyday brain tricks and what we can do to inoculate ourselves against their effects. Simple, clear, and always surprising, this indispensable book will change the way you think and transform your decision making. Correct the errors in your thinking habits and resist falling into your mental ambushes. -Why we take bad decisions following the opinion of the masses, -How we underestimate the power of emotions in rational decisions, -Why we need instant confirmation to support our ideas, -How ego distorts the sense of reality? Mental clarity will boost your cognitive performance and smart decision making to heights you didn't expect before. Don't let the irrationalities of your brain sabotage the life you deserve. Make fewer mistakes in your thinking - prevention is easier than correction. Improve your beliefs, social biases, and memory mix-ups by understanding how your brain works and solve your life.

Modeling Human and Organizational Behavior

Author : Panel on Modeling Human Behavior and Command Decision Making: Representations for Military Simulations
Publisher : National Academies Press
ISBN 13 : 0309523893
Total Pages : 433 pages
Book Rating : 4.3/5 (95 download)

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Book Synopsis Modeling Human and Organizational Behavior by : Panel on Modeling Human Behavior and Command Decision Making: Representations for Military Simulations

Download or read book Modeling Human and Organizational Behavior written by Panel on Modeling Human Behavior and Command Decision Making: Representations for Military Simulations and published by National Academies Press. This book was released on 1998-08-14 with total page 433 pages. Available in PDF, EPUB and Kindle. Book excerpt: Simulations are widely used in the military for training personnel, analyzing proposed equipment, and rehearsing missions, and these simulations need realistic models of human behavior. This book draws together a wide variety of theoretical and applied research in human behavior modeling that can be considered for use in those simulations. It covers behavior at the individual, unit, and command level. At the individual soldier level, the topics covered include attention, learning, memory, decisionmaking, perception, situation awareness, and planning. At the unit level, the focus is on command and control. The book provides short-, medium-, and long-term goals for research and development of more realistic models of human behavior.