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Index 475<br />

net present value (NPV) method<br />

198–200, 203–4, 297<br />

Newman, J.R. 34, 46<br />

nine-dot problem 357, 374<br />

non-compensatory heuristic 16, 18, 19<br />

non-rational escalation of commitment<br />

365–6<br />

objectives 28–9<br />

O’Connor, M. 267<br />

Olson, D.L. 422<br />

optimal policy determination 147–9<br />

options performance on attributes<br />

34–9<br />

outcomes 72<br />

overconfidence 261–2, 371<br />

Paton, R. 434<br />

Payne, J.W. 23, 265<br />

Pearson, E.S. 151<br />

pension plans 10<br />

people’s kailyard scenario 397, 398<br />

Peterson, C.R. 349<br />

Phillips, L.D. 4, 52, 323, 324, 329, 349,<br />

458<br />

Pickup, M. 445<br />

Pitz, G.F. 363<br />

Plous, S. 257, 263<br />

Porac, J.F. 361<br />

positive scenario 382, 387<br />

positiveness axiom 89<br />

posterior analysis 224<br />

posterior probability 216<br />

Pöyhönen, M. 42<br />

PRECISION TREE 149<br />

preference orderings, aggregating<br />

315–17<br />

preposterior analysis 227<br />

present value factor 199<br />

prior probability 216<br />

probability assessment 71–94, 281–4,<br />

285<br />

comparison of methods 284–5<br />

preparation for 278–81<br />

validity 287–9<br />

very rare events 290–3<br />

probability density 85<br />

probability density function (pdf) 85,<br />

282<br />

probability distributions 83–7, 188<br />

probability-equivalence approach 104,<br />

116<br />

probability judgments, revision of<br />

221–4<br />

probability trees 82–3<br />

probability wheel 280–1, 284, 290<br />

procrastination 367<br />

production rules 431<br />

proxy attribute 29<br />

psychologic processes, studies of<br />

363–9<br />

psychology laboratory, studies in<br />

371–2<br />

Raiffa, H. 28, 32, 120, 123, 126, 132, 262,<br />

344, 348, 349<br />

random numbers 181<br />

random sequence of events 255<br />

Rangaswamy, A. 433, 434, 436, 443<br />

rank order centroid (ROC) weights<br />

55–7<br />

rationality 5<br />

real-world studies 266–7<br />

reason-based choice 21–3<br />

recall, ease of 251–2<br />

recognition heuristic 16–17<br />

reference point 370<br />

regression to the mean 256–7<br />

Reinhold, H. 363<br />

relative frequency approach to<br />

probability 74<br />

relative heights, method of 283–4<br />

reliability of decision marker 454<br />

representativeness 287<br />

representativeness heuristic 253–8<br />

requisite decision model 52<br />

resource allocation<br />

modeling of 330–1<br />

stages of analysis 331–44<br />

risk analysis 5<br />

risk, attitude to 3<br />

risk aversion 108, 368<br />

risk taking 368<br />

Roberts, R. 57<br />

robotics 428<br />

Rohrbough, J. 324, 325<br />

rollback method 147–8, 149, 150<br />

Ronen, B. 113<br />

Ross, J. 365<br />

Rubin, J.Z. 369<br />

Russo, J.E. 368–9, 370–1, 372<br />

Saaty, Thomas 413, 417, 418, 421<br />

satisificing 20–1<br />

Scanlon, S. 235<br />

scenario construction 380–3,<br />

387–93

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