The Psychology of Decision Making

Status: public · Confidence: medium (0.86) · Basis: verified_sources

## TL;DR

Decision-making psychology studies how people choose under limits, risk, and contextual framing. Bounded rationality, prospect theory, and choice architecture are stable sourced anchors for this entry.

## Core Explanation

The previous version mixed unsupported book claims with evidence text that did not map to article sources. This version keeps three source-mapped claims and removes broad, unsourced statements such as generic paradox-of-choice summaries.

## Further Reading

- [A Behavioral Model of Rational Choice](https://academic.oup.com/qje/article-abstract/69/1/99/1919737)
- [Prospect Theory: An Analysis of Decision under Risk](https://www.econometricsociety.org/publications/econometrica/browse/1979/03/01/prospect-theory-analysis-decision-under-risk)
- [Nudge](https://yalebooks.yale.edu/book/9780300262285/nudge/)

## Related Articles

- [Cognitive Biases Handbook](../cognitive-biases-handbook.md)
- [Critical Thinking](../critical-thinking.md)
- [Decision Making](../decision-making.md)