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badger comments on The Best Textbooks on Every Subject - Less Wrong

167 Post author: lukeprog 16 January 2011 08:30AM

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Comment author: badger 26 May 2011 02:29:46AM *  8 points [-]

Subject: Introductory Decision Making/Heuristics and Biases

Recommendation: Judgment in Managerial Decision Making by Max Bazerman and Don Moore.

This book wins points by being comprehensive, including numerous exercises to demonstrate biases to the reader, and really getting to the point. Insights pop out at every page without lots of fluffy prose. The recommendations are also more practical than other books.


  • Rational Choice in an Uncertain World by Reid Hastie and Robyn Dawes. A good, well-rounded alternative. Its primary weakness is the lack of exercises.
  • Making Better Decisions: Decision Theory in Practice by Itzhak Gilboa. Filled with exercises, this book would be a great supplement to a course on this subject, but it wouldn't stand alone on self-study. This book specializes in probability and quantitative models, so it's not as practical, but if you've read Bazerman and Moore, read this next if you want to see more of the economic/decision theory approach.
  • How to Think Straight about Psychology by Keith Stanovich. Slanted towards what science is and how to perform and evaluate experiments, this is still a decent introduction.
  • Smart Choices by John Hammond, Ralph Keeney, and Howard Raiffa. Not recommended. Few studies cited and few technical insights, if my memory is correct. The book doesn't go far beyond "clarify your problem, your objectives, and the possible alternatives".
Comment author: lukeprog 26 May 2011 10:25:14PM 4 points [-]

Excellent. I also like Baron's Thinking and Deciding.