A critical realist perspective on decisions involving risk and uncertainty

Ranyard, Rob (2009) A critical realist perspective on decisions involving risk and uncertainty. In: 20th Subjective Probability, Utility and Decision Making Research Conference (SPUDM-20), August 2005, Stockholm. (Unpublished)

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Abstract

The relevance to decision research of recent advances in the philosophy of social science is considered. The critical realism of Roy Bhaskar argues for the identification of contextually contingent explanatory mechanisms at multiple levels based on concepts grounded in intersubjectively shared reality. Using examples from the author?s and other?s research on the psychology of decisions involving risk and uncertainty, this paper explores the implications of taking a critical realist approach. It is argued that critical realism has the potential to advance and unify disparate experimental and naturalistic lines of research. Furthermore, a diverse range of experimental, process-tracing and observational methods can play important complementary roles in developing fruitful critical realist explanations of decisions involving risk and uncertainty.

Item Type: Conference or Workshop Item (Paper)
Additional Information: This is the revised version (2009) of an invited presentation at the 20th Subjective Probability, Utility and Decision Making Research Conference (SPUDM-20), Stockholm University, August 2005.
Uncontrolled Keywords: Risk,Decision making,critical realism,uncertainty
Subjects: B Philosophy. Psychology. Religion > BF Psychology
Divisions: School of Education and Psychology > Psychology
Depositing User: Scott Wilson
Date Deposited: 26 Nov 2013 12:51
Last Modified: 09 Dec 2013 16:36
URI: http://ubir.bolton.ac.uk/id/eprint/346

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