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Mesures physiques --- mensuration --- Mensuration --- Measuring --- Measurement --- Physical measurements --- 159.9.072 --- Measurements, Physical --- Mathematical physics --- 159.9.072 Experimentele psychologie. Testen en onderzoeken in de psychologie --- Experimentele psychologie. Testen en onderzoeken in de psychologie --- Mathematics --- Technology --- Metrology --- Measurement. --- Physical measurements. --- Mesure --- Logique mathématique --- Logique mathématique --- Mathematique de la psychologie
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Protective decisions are often puzzling. Among other anomalies, people insure against non-catastrophic events, underinsure against catastrophic risks, and allow extraneous factors to influence insurance purchases and other protective decisions. Neither expected utility theory nor prospect theory can explain these anomalies satisfactorily. We propose a constructed-choice model for general decision making. The model departs from utility theory and prospect theory in its treatment of multiple goals and it suggests several different ways in which context can affect choice. To apply this model to the above anomalies, we consider many different insurance-related goals, organized in a taxonomy, and we consider the effects of context on goals, resources, plans and decision rules. The paper concludes by suggesting some prescriptions for improving individual decision making with respect to protective measures.
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612.8 --- 616.8 --- Zenuwstelsel. Zintuigen. Motorische neurowetenschappen --- Neurologie. Neuropathologie. Zenuwstelsel. Neurologische aandoeningen --- 159.95 --- Human behavior --- -Psychometrics --- Measurement, Mental --- Measurement, Psychological --- Psychological measurement --- Psychological scaling --- Psychological statistics --- Psychology --- Psychometry (Psychophysics) --- Scaling, Psychological --- Psychological tests --- Scaling (Social sciences) --- 159.95 Geestelijke functies --- Geestelijke functies --- Action, Human --- Behavior, Human --- Ethology --- Human action --- Human beings --- Human biology --- Physical anthropology --- Social sciences --- Psychology, Comparative --- Mathematical models --- Measurement --- Scaling --- Methodology --- Behavior --- Psychometrics --- Psychometrics. --- Mathematical models.
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