Publications [#304106] of Richard P. Larrick

Chapters in Books

1. Larrick, RP; Feiler, DC "Expertise in decision making." Wiley-Blackwell Handbook of Judgment and Decision Making. Ed. Keren, GB; Wu, G Blackwell, January, 2015: 696-721. [doi]
   (last updated on 2025/06/16)

   Abstract:
   This chapter reviews the literatures on expertise and on decision making to consider the nature and development of decision making expertise, including its strengths and weaknesses. It provides a framework for identifying when expertise in decision making can emerge. The chapter highlights that the ability to escape checkmate is unrelated to the ability to detect fraud. It discusses the domain-specific, schematic nature of expertise and explores some of the limitations of such knowledge. For expertise to arise from experience and training, decision makers must be exposed to experiences that provide immediate, accurate feedback about relationships in the world. The chapter discusses research on expertise, general decision making expertise, the role of the environment in the development of expertise, and some general directions in which research on expertise in decision making might go next.