the Psychology of Judgment and Decision Making

The psychology of judgment and decision-making explores how people evaluate information and choose between options. It examines factors like biases, emotions, and social influences that affect our decisions. For instance, we might overestimate unlikely events or make choices based on how a situation is framed. Understanding these psychological processes helps us recognize why we make certain decisions, helps improve critical thinking, and guides us toward better choices in everyday life, from personal finances to health. Ultimately, it sheds light on the complexities of human thought and behavior when faced with uncertainty.