Careers in transportation and logistics management offer exciting opportunities in a variety of transportation modes with private and public sector organizations whose success depends on the global fulfillment of customersâ requirements.
The Journal of Behavioral Decision Making is a journal that emphasizes psychological approaches and methods. JBDM publishes manuscripts that develop significant psychological theory of fundamental decision processes or report and interpret previously unknown phenomena.
In psychology, decision-making is regarded as the cognitive process resulting in the selection of a belief or a course of action among several alternative possibilities.Every decision-making process produces a final choice that may or may not prompt action.Decision-making is the process of identifying and choosing alternatives based on the values and preferences of the decision-maker. Sunk-cost fallacy is a specific type of framing effect that affects decision-making. 2  It involves an individual making a decision about a current situation based on what they have previously invested in the situation.