Literature DB >> 28785123

Decision-Making Processes in Social Contexts.

Elizabeth Bruch1, Fred Feinberg2.   

Abstract

Over the past half-century, scholars in the interdisciplinary field of Judgment and Decision Making have amassed a trove of findings, theories, and prescriptions regarding the processes ordinary people enact when making choices. But this body of knowledge has had little influence on sociology. Sociological research on choice emphasizes how features of the social environment shape individual behavior, not people's underlying decision processes. Our aim in this article is to provide an overview of selected ideas, models, and data sources from decision research that can fuel new lines of inquiry on how socially situated actors navigate both everyday and major life choices. We also highlight opportunities and challenges for cross-fertilization between sociology and decision research that can allow the methods, findings, and contexts of each field to expand their joint range of inquiry.

Entities:  

Keywords:  decision making; discrete choice; heuristics; micro-sociology

Year:  2017        PMID: 28785123      PMCID: PMC5543983          DOI: 10.1146/annurev-soc-060116-053622

Source DB:  PubMed          Journal:  Annu Rev Sociol        ISSN: 0360-0572


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7.  Behavioural Effects and Market Dynamics in Field and Laboratory Experimental Asset Markets.

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