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Chapter 8: Decision Making

Chapter 8: Decision Making. Slide Template. Classes AND FEATURES OF DM. Uncertainty Time Familiarity and Expertise Classes of DM research. AN INFORMATION PROCESSING MODEL OF DECISION MAKING. WHAT IS “GOOD’ DECISION MAKING?. DIAGNOSIS AND SITUATION ASSESSMENT IN DECISION MAKING.

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Chapter 8: Decision Making

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  1. Chapter 8: Decision Making Slide Template

  2. ClassesAND FEATURES OF DM

  3. Uncertainty • Time • Familiarity and Expertise • Classes of DM research

  4. AN INFORMATION PROCESSING MODEL OF DECISION MAKING

  5. WHAT IS “GOOD’ DECISION MAKING?

  6. DIAGNOSIS AND SITUATION ASSESSMENT IN DECISION MAKING

  7. Estimating Cues: Perception • Proportions • Projections • Randomness • Gambler’s fallacy

  8. Evidence Accumulation, Selective Attention: Cue Seeking and Hypothesis Formation

  9. Evidence Accumulation, Selective Attention: Cue Seeking and Hypothesis Formation • Information cues are missing • Cues are numerous: Information overload • Cues are differently salient • Salient bias, absence of cue

  10. Evidence Accumulation, Selective Attention: Cue Seeking and Hypothesis Formation • Processed cues are not differentially weighted by information value • As-if heuristic

  11. Expectations in Diagnosis: The Role of Long-Term Memory • Representativeness • Base rate • The availability heuristic

  12. Belief Changes Over Time • Anchoring heuristic • The confirmation Bias • Costof thinking, motivational factors (consistency), self-fulfilling prophecy • Decision fatigue

  13. CHOICE OF ACTION

  14. Certain Choice

  15. Choice Under Uncertainty: The Expected Value Model

  16. Heuristics and Biases in Uncertain Choice • Direct retrieval • Distortions of values and costs: Loss aversion

  17. EFFORT AND META COGNITION

  18. Effort • Performance-resource function • Contingent model

  19. Meta-Cognition and (Over) confidence • Diagnostic or problem difficulty • Evidence reliability

  20. Experience and Expertise in DM • Holistic decision making • expertise

  21. Experience and Expertise in DM

  22. Improving Decision Making • Training debiasing • Proceduralization • Displays • Automation and Decision Support Tools

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