JDM (Judgment and Decision Making)

Judgment and Decision Making (JDM) is the study of how people evaluate options and make choices, both in everyday life and complex situations. It explores how we assess risks, benefits, and uncertainties, influenced by factors like emotions, biases, and previous experiences. JDM aims to understand why people sometimes make rational decisions and other times fall prey to errors or biases. The goal is to improve decision quality, helping individuals and organizations make better choices by understanding the mental processes involved in evaluating options and outcomes.