An Interdisciplianry Systematic Literature Review: Valuation and Prioritisation in Everyday Life across Economics, Biology, and Behavioral Science
Abstract
Decision-making in everyday life requires individuals to constantly assign value to options and prioritize among competing alternatives. This process of valuation and prioritisation is studied across multiple disciplines, including economics, biology, and behavioral science. This systematic literature review integrates insights from these domains to provide a holistic understanding of how individuals evaluate choices and allocate resources such as time, effort, and attention. The review synthesizes theoretical and empirical studies to explore how rational models, evolutionary mechanisms, and cognitive biases influence decision-making. Findings indicate that valuation is not purely rational but is shaped by biological constraints, environmental factors, and psychological tendencies. The paper highlights interdisciplinary convergence and identifies gaps for future research, particularly in real-world decision contexts.
Authors
Dr. Gurpreet Kaur, Vimal Singh, Vishal Kumar, Raja Babu, Ritesh
Institution
Noida Institute of Engineering & Technology (MCA Institute), Greater Noida, India
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