An Introduction to Resource-Allocation Behavior

How do people make decisions about the allocation of resources? How well or how poorly can people make such decisions? How efficiently can people allocate resources? What are some of the different situations under which people make resource-allocation decisions, and will performance vary between situations? What are some of the cognitive strategies people use to make resource-allocation decisions? Is there a normative standard to which people’s performance can be compared in resource-allocation situations?