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Decisions and Mistakes

  • A. Terry Bahill
  • Azad M. Madni
Chapter

Abstract

This chapter describes common mental mistakes that people make. It starts showing examples of wrong knowledge in peoples’ heads. Then it examines prospect theory, a Nobel Prize winning collection of human wrong thinking. Finally, it shows a dozen examples of mental mistakes that might be made while creating trade-off studies and risk analyses.

Keywords

Prospect theory Mental mistakes 

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Copyright information

© Springer International Publishing Switzerland 2017

Authors and Affiliations

  • A. Terry Bahill
    • 1
  • Azad M. Madni
    • 2
  1. 1.Systems and Industrial EngineeringUniversity of ArizonaTucsonUSA
  2. 2.Astronautical Engineering DepartmentUniversity of Southern CaliforniaLos AngelesUSA

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