Professor: Dr. R. J ames Holzworth Office: 137 Psychology Bldg. Hours: Th 12:00-1:30 p.m. Other times by appointment Office Phone: 860-486-5728 Avery Point: 860-405-9029 (voice mail) Email address: holz@uconn.edu
Text: Hastie, R., & Dawes, R. M. (2001). Rational choice in an uncertain world: The psychology of judgment and decision making. Thousand Oaks, CA: Sage.
Additional reading assignments include journal articles and book chapters on reserve in the UConn Psychology Center at the front of the Psychology Building.
Course Description
The course will begin with an overview of three major areas of judgment and decision making (J DM) theory and application: decision theory, judgment theory, and judgmental heuristics and biases. These areas will then be covered in much greater detail, in an attempt to elucidate, evaluate, and critique theories and research methodologies. Attention will be given to decision analysis, multiattribute evaluation, judgment analysis (policy capturing), clinical vs. actuarial models of judgment, bootstrapping, biases in judgment, and common simplifying strategies often used when making judgments and decisions. In addition to theory and technical aspects of methodology, class discussion will focus on recent applications involving such decision makers as industrial/organizational and clinical psychologists, psychiatrists, physicians, nurses, loan officers, accountants, labor-management negotiators, and government planners.
Perhaps the major objective of this course is that students will begin to think seriously about research concerning judgment and decision making and will carry away a sound proposal for an interesting research project.
A conceptual understanding of analysis of variance and multiple regression analysis will be needed to understand and use the research methodologies. Each student will be required to conduct a decision analysis and a judgment analysis during the semester (each worth 25% of course grade). An 8-10 page research proposal will also be required (25% of course grade). Fifteen percent (15%) of the course grade will be based on a mid-semester exam concerning important concepts and principles. Ten percent (10%) of the course grade will be based on class participation.
JDM Web Sites
Here are some web sites relevant to our course on judgment and decision making (J DM). Each has quite a few additional links.
Society for Judgment and Decision Making web page: http://www.sjdm.org/
Brunswik Society web page: http://www.brunswik.org/
Student Conduct Reminder (mandatory)
According to the UConn Student Conduct Code, Responsibilities of Community Life: The Student Code, available in booklet form and on the World Wide Web at http://vm.uconn.edu/~dosa8/code2.html, Students are expected to conduct themselves in a manner that is consistent with the values embraced by the University community and reflected in its various policies, contracts, rules and regulations, including those contained herein. Academic misconduct, particularly cheating and plagiarism, will not be condoned.
The following quotation comes from the Preamble of the Student Code:
The spirit of inquiry can only flourish in an environment of mutual trust and respect, and that environment cannot be limited to the classroom or to the lab. Each member of the community must have the opportunity to participate fully in the process of learning and understanding if the community as a whole is to remain strong and vital. Therefore, all members must accept responsibility for creating an environment that promotes individual growth and builds community through the safe, respectful exchange of diverse thought, opinion, and feeling.
2 University of Connecticut Human Judgment and Decision Processes (PSYC 390) Spring 2005
Professor: Dr. R. J ames Holzworth Office: 137 Psychology Bldg. Hours: Th 12:00-1:30 p.m. Other times by appointment Office Phone: 860-486-5728 Avery Point: 860-405-9029 (voice mail) Email address: holz@uconn.edu
Text: Hastie, R., & Dawes, R. M. (2001). Rational choice in an uncertain world: The psychology of judgment and decision making. Thousand Oaks, CA: Sage.
Additional reading assignments include journal articles and book chapters on reserve in the UConn Psychology Center at the front of the Psychology Building.
Course Outline
J an. 20
Introduction to course and professor Hand out assignments and discuss course exercises Discussion concerning judgment, decision making, and rationality J elly Beans and the three door problem
J an. 27 Judgment and decision research: Some historical context Hastie & Dawes (2001) Chapter 1 Thinking and deciding Hastie & Dawes (2001) Appendix: Basic principles of probability theory
Feb. 3 Signal detection and irreducible error Kaufman (1974, pp. 76-81) for a tiny bit of biology Swets (1988). Measuring the accuracy of diagnostic systems Introduction to Bayesian statistics (handouts)
Feb. 10 Decision analysis Hastie & Dawes (2001) Chapter 2 What is decision making? Edwards & Barron (1994) SMARTS and SMARTER Inform Holzworth about choice of problem for decision analysis, including a tentative list of options and attributes.
Feb. 17 Social judgment theory and methods Hastie & Dawes (2001) Chapter 3 A general framework for judgment Holzworth (2001) J udgment analysis Goldstein (2004) Social judgment theory: Applying and extending Brunswiks probabilistic functionalism.
3
Feb. 24 Social judgment theory and methods continued Cooksey (1996b) The methodology of social judgment theory Doherty & Brehmer (1997) The paramorphic representation of clinical judgment Submit topic for judgment analysis, including a table of task characteristics (cues and cue levels).
Mar. 3 Heuristics and biases Hastie & Dawes (2001) Chapter 4 J udgments from memory; Chapter 5 Anchoring; Chapter 6 J udgment by similarity; Chapter 7 J udging by scenario and explanation Decision analysis due
Mar. 5-13 Spring Break
Mar. 17 In-class exam concerning what weve covered so far.
Mar. 24 Coherence and correspondence theories in judgment and decision making Hammond (2000) Coherence and correspondence theories in judgment and decision making Hammond (1996, Chapters 6 & 7) Reducing rivalry through compromise Submit one-page outline of research proposal, including IVs and DVs.
Mar. 31 Misconception about chance Hastie & Dawes (2001) Chapter 8 Thinking about randomness and causation Hastie & Dawes (2001) Chapter 9 Thinking rationally about uncertainty
Apr. 7 Normative, rational decision theory Hastie & Dawes (2001) Chapter 10 Evaluating consequences: Simple values Hastie & Dawes (2001) Chapter 11 Complex values and attitudes Hastie & Dawes (2001) Chapter 12 A normative, rational decision theory Judgment analysis due
Apr. 14 Behavioral decision theory Hastie & Dawes (2001) Chapter 13 A descriptive, psychological decision theory Gigerenzer (2004) Fast and frugal heuristics: The tools of bounded rationality. SIOP Meeting in Los Angeles, April 15-17 (Workshops 4/14)
Apr. 21 Behavioral decision theory (more on heuristics and biases) Kahneman & Tversky (1996) On the reality of cognitive illusions Gigerenzer (1996) On narrow norms and vague heuristics
Apr. 28 In praise of uncertainty Hastie & Dawes (2001) Chapter 14 In praise of uncertainty Research proposal due
May 2-7 Final Exam Week No Final Exam 4
Readings on Human Judgment and Decision Processes
Beach, L. R. (1996). Decision making in the workplace: A unified perspective. Mahwah, NJ : Lawrence Erlbaum. Beach, L. R. (1998). Image theory: Theoretical and empirical foundations. Mahwah, NJ : Lawrence Erlbaum. Behn, R.D., & Vaupel, J .W. (1982). Quick analysis for busy decision makers. New York: Basic Books. Behn, R.D., & Vaupel, J .W. (1983). Quick analysis: Analytical thinking for busy decision makers. Management Review, September, 26-28,37. Biederman, I., & Shiffrar, M. M. (1987). Sexing day-old chicks: A case study and expert systems analysis of a difficult perceptual-learning task. Journal of Experimental Psychology: Learning, Memory, and Cognition, 13, 640-645. Brehmer, B. (1988). The development of social judgment theory. In B. Brehmer, & C. R. B. J oyce, (Eds.). Human judgment: The SJT view, Chapter 1. Amsterdam: North-Holland. Brehmer, A. & Brehmer, B. (1988). What have we learned about human judgment from thirty years of policy capturing? In B. Brehmer, & C. R. B. J oyce, (Eds.). Human judgment: The SJT view, Chapter 3. Amsterdam: North-Holland. Connolly, T., Arkes, H. A., & Hammond, K. R. (2000). Judgment and decision making: An interdisciplinary reader (second edition). New York: Cambridge University Press. Cooksey, R. W. (1996a). Judgment analysis: Theory, methods, and applications. San Diego: Academic Press Cooksey, R. W. (1996b). The methodology of social judgement theory. Thinking and Reasoning, 2, (2/3), 141-173. Dalgleish, L. I. (1988). Decision making in child abuse cases: Applications of social judgment theory and signal detection theory. In B. Brehmer and C. B. R. J oyce (Eds.), Human judgment: The SJT view. North-Holland: Elsevier Science. Dawes, R. M. (1988). Rational choice in an uncertain world. New York: Harcourt Brace J ovanovich. Dawes, R. M. (1998). Behavioral decision making and judgment. In D. T. Gilbert, S. T. Fiske, & G. Lindzey (Eds.), The handbook of social psychology (4th edition, volume I, pp.497-548). New York: McGraw-Hill. Dawes, R. M., Faust, D. & Meehl, P.E. (1989). Clinical versus actuarial judgment. Science, 243, 1668-1674.0. Degani, A. (2003). Taming HAL: designing human interfaces beyond 2001. New York, NY: Palgrave-Mcmillan. Doherty, M. E., & Brehmer, B. (1997). The paramorphic representation of clinical judgment. In W. M. Goldstein & R. M. Hogarth (Eds.), Research on judgment and decision making: Currents, contents, and controversies (pp. 537-551). Cambridge, UK: Cambridge University Press. Doherty, M. E., & Kurz, E. (1996). Social judgement theory. Thinking and Reasoning, 2, (2/3), 109-140. Edwards, W. & Barron, F. H. (1994). SMARTS and SMARTER: Improved simple methods for multiattribute utility measurement. Organizational Behavior and Human Decision Processes, 60, 306-325. 5 Edwards, W., & von Winterfeldt, D. (1986). On cognitive illusions and their implications. In H. R. Arkes & K. R. Hammond, (Eds.), Judgment and decision making: An interdisciplinary reader. New York: Cambridge University Press. Gardiner, P. C., & Edwards, W. (1975). Public values: Multiattribute-utility measurement for social decision making. In M. F. Kaplan & S. Schwartz (Eds.), Human judgment and decision processes. New York: Academic Press. Gigerenzer, G. (1996). On narrow norms and vague heuristics: A reply to Kahneman and Tversky (1996). Psychological Review, 103, 592-596. Gigerenzer, R. (2004). Fast and frugal heuristics: The tools of bounded rationality. In D. J . Koehler, & N. Harvey (Eds.), Blackwell handbook of judgment and decision-making (pp. 64- 88). Malden, MA: Blackwell. Gigerenzer, G., Todd, P. M., & ABC Research Group (1999). Simple heuristics that make us smart. New York: Oxford University Press. Goldstein, W. M. (2004). Social judgment theory: Applying and extending Brunswiks probabilistic functionalism. In D. J . Koehler, & N. Harvey (Eds.), Blackwell handbook of judgment and decision-making (pp. 37-61). Malden, MA: Blackwell. Goldstein, W. M., & Hogarth, R. M. (1997). J udgment and decision research: Some historical context. In W. M. Goldstein & R. M. Hogarth (Eds.), Research on judgment and decision making: Currents, contents, and controversies (pp. 3-65). Cambridge, UK: Cambridge University Press. Hammond, K. R. (1996). Human judgment and social policy: Irreducible uncertainty, inevitable error, unavoidable injustice. New York: Oxford University Press. Hammond, K. R. (1999). Judgments under stress. New York: Oxford University Press. Hammond, K.R. (2000). Coherence and correspondence theories in judgment and decision making. In T. Connolly, H. A. Arkes, & K. R. Hammond (Eds.), Judgment and decision making: An interdisciplinary reader (second edition) (pp. 53-65). New York: Cambridge University Press. Hammond, K. R., & Adelman, L. (1976). Science, values, and human judgment. Science, 194, 389- 396. Hammond, K. R., Hamm, R. M., Grassia, J ., & Pearson, T. (1987). Direct comparison of the efficacy of intuitive and analytic cognition in expert judgment. IEEE Transactions on Systems, Man, and Cybernetics, SMC-17(5), 753-770. Hammond, K. R., Harvey, L. O., & Hastie, R. (1992). Making better use of scientific knowledge: Separating truth from justice. Psychological Science, 3, 80-87. Hammond, K. R., & Stewart, T. R. (Eds.). (2000). The essential Brunswik: Beginnings, explications, applications. New York: Oxford University Press. Harvey, L.O., J r. (1992). The critical operating characteristic and the evaluation of expert opinion. Organizational Behavior and Human Decision Processes, 53, 229-251. Hastie, R., & Dawes, R. M. (2001). Rational choice in an uncertain world: The psychology of judgment and decision making. Thousand Oaks, CA: Sage. Holzworth, R. J . (1996). Policy capturing with ridge regression. Organizational Behavior and Human Decision Processes, 68, 171-179. Holzworth, R. J . (2001). J udgment analysis. In K. R. Hammond & T. R. Stewart (Eds.), The essential Brunswik: Beginnings, explications, applications (pp. 324-327). New York: Oxford University Press. J uslin, P., & Montgomery, H. (1999). Judgment and decision making: Neo-Brunswikian and process tracing approaches. Mahwah, NJ : Lawrence Erlbaum. 6 J ungermann, H. (1983). The two camps on rationality. In R. W. Scholz (Ed.), Decision making under uncertainty. Amsterdam: Elsevier. Pp. 63-86. Kahneman, D., & Tversky, A. (1996). On the reality of cognitive illusions. Psychological Review, 103, 582-591. Kaufman, L. (1974). Sight and mind: An introduction to visual perception. New York: Oxford University Press. Keeney, R. L. (1979). Decision analysis: How to cope with increasing complexity. Management Review, September, 24-40. Keeney, R. L. (1982). Decision analysis: An overview. Operations Research, 30, 803-838. Keren, G. (1996). Perspectives of behavioral decision making: Some critical notes. Organizational Behavior and Human Decision Processes, 65, 169-178. Koehler, D. J ., & Harvey, N. (2004). Blackwell handbook of judgment and decision-making. Malden, MA: Blackwell. Len, O. G. (1997). On the death of SMART and the birth of GRAPA. Organizational Behavior and Human Decision Processes, 71, 249-262. Levin, I.P., Schneider, S. L., & Gaeth, G. J . (1998). All frames are not created equal: A typology and critical analysis of framing effects. Organizational Behavior and Human Decision Processes, 76, 149-188. Soman, D. (2004). Framing, loss aversion, and mental accounting. In D. J . Koehler, & N. Harvey (Eds.), Blackwell handbook of judgment and decision-making (pp. 379-398). Malden, MA: Blackwell. Stewart, T. R. (1988). J udgment analysis: Procedures. In B. Brehmer, & C. R. B. J oyce, (Eds.). Human judgment: The SJT view, Chapter 2. Amsterdam: North-Holland. Stewart, T. R., Roebber, P. J ., & Bosart, L. F. (1997). The importance of the task in analyzing expert judgment. Organizational Behavior and Human Decision Process, 69, 205-219. Swets, J . A. (1988). Measuring the accuracy of diagnostic systems. Science, 240, 1285-1293. Tversky, A., & Kahneman, D. (1981). The framing of decisions and the psychology of choice. Science, 211, 453-458. Wu, G., Zhang, J ., & Gonzales, R. (2004). Decision under uncertainty. In D. J . Koehler, & N. Harvey (Eds.), Blackwell handbook of judgment and decision-making (pp. 399-423). Malden, MA: Blackwell.