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Decision Behaviour- Improving Expert Judgement

In: Making Essential Choices with Scant Information

Author

Listed:
  • Geir Kirkebøen

    (University of Oslo)

Abstract

People’s judgements are not perfect. Even experts make mistakes. Interestingly, mistakes in judgement and decision-making are not random. Professionals deviate systematically from normative standards. Per definition, systematic biases result in reduced decision quality, and accordingly, may have serious consequences. However, the fact that judgement biases are systematic also gives hope. If the biases and their causes can be identified, it should be possible to correct them.

Suggested Citation

  • Geir Kirkebøen, 2009. "Decision Behaviour- Improving Expert Judgement," Palgrave Macmillan Books, in: Terry M. Williams & Knut Samset & Kjell J. Sunnevåg (ed.), Making Essential Choices with Scant Information, chapter 9, pages 169-194, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-23683-7_9
    DOI: 10.1057/9780230236837_9
    as

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