Wise Choices: Decisions, Games, and Negotiations

Wise Choices will help all those faced with consequential decisions, ambiguous alternatives, and uncertain outcomes to make choices that improve the welfare of individuals and society. In this book, leading scholars in economics, psychology, statistics, and decision theory grapple with the perennial question of how to make wise choices. In 23 articles, they explore topics such as individual decision making under uncertainty and the process of forging negotiated agreements. The contributors also analyze decisions regarding personal medical problems, national public policies, business investments, and international diplomacy.