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    HLS Practice- Decision Making

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    HLS Practice - Decision Making

    Uploaded by

    Bhargav

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    © All Rights Reserved
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    4129123, 5:07 PM Decision Science - Harvard Law School Center on the Legal Profession F Decision Science udgeene, preference, choice SonparaivePressons udoos ae Mone | wanna eesteMbemne | sus | dukilascaea dy | con Src researc and understand decison making more fenerly? Baruch Fish, Judiia Decision Makin 5 professor in the department of engineering and public policy a Carnegie Mellon, and Stephen .Broomell a profesor af socal and decision selences at Carnegie Mallon, bring a multdisiptnary bucground tothe question na review essay tet ds tn a "igen and Decision Making” Drawing on psychology, economics and computer sence, among others, Pschhof and Broomell evew key clement fdecision- tihng prccaoce— jolie prefrete aed ioscan and dese, ‘hat research has lento each tage ofthe proces + Judgment "Sound decisions they write, "require predicting what willhappen if diferent choices are made. The quality of those gidgments can be evant in SuntemeDecsons terms of ther acuracy oF their ensistency” Questions af gent can be turer ren dow into gestions sch How aerate o people ‘Tas Gantt sutomant understand the world andiow much do people ow ad how wl tat impact ee thelr decision” =aamy| terion for preferences" and that people can prefer whatever they want? However, prelerence does iol, they argue, beng able wo compare outcomes and make trade-offs In other words, how do people weigh possible ourcomnes? Choice: Finally, choice is about how people combiae vei udgments and tele preferences to reach a decision plat In studying how individuals make choles, echho and Eroomel emphasize the use of'delsion modeling where researchers give weight to various actors anc ute ttt procecie, ke ‘olple regression analy, to understand "the relative portance af the fctone To flesh out these concepts, the authors draw pri mpl observational itso revel empirical ress Forinsance, one experimen ove ints the consistency of inl bi wing the gies of ary ial Ay from experiments-not conclude tat ‘people eat contradictory evidence (which says diferent ting about the same event diferent than they west conflicting evidence (whic points in erent diectins) Sell other experiment call on subjects to make medal eelsions given certain sk ‘What should we make of this? First and foremost, understanding and expining

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