Choices, Values, and Frames
eBook - PDF

Choices, Values, and Frames

  1. English
  2. PDF
  3. Available on iOS & Android
eBook - PDF

Choices, Values, and Frames

About this book

This book presents the definitive exposition of 'prospect theory', a compelling alternative to the classical utility theory of choice. Building on the 1982 volume, Judgement Under Uncertainty, this book brings together seminal papers on prospect theory from economists, decision theorists, and psychologists, including the work of the late Amos Tversky, whose contributions are collected here for the first time. While remaining within a rational choice framework, prospect theory delivers more accurate, empirically verified predictions in key test cases, as well as helping to explain many complex, real-world puzzles. In this volume, it is brought to bear on phenomena as diverse as the principles of legal compensation, the equity premium puzzle in financial markets, and the number of hours that New York cab drivers choose to drive on rainy days. Theoretically elegant and empirically robust, this volume shows how prospect theory has matured into a new science of decision making.

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Yes, you can access Choices, Values, and Frames by Daniel Kahneman,Amos Tversky in PDF and/or ePUB format, as well as other popular books in Psychologie & Kognitive Psychologie & Kognition. We have over one million books available in our catalogue for you to explore.

Table of contents

  1. Cover
  2. Title
  3. Copyright
  4. Contents
  5. Preface
  6. List of Contributors
  7. 1 Choices, Values, and Frames
  8. PART ONE: PROSPECT THEORY AND EXTENSIONS
  9. PART TWO: THE UNCERTAINTY EFFECT AND THE WEIGHTING FUNCTION
  10. PART THREE: LOSS AVERSION AND THE VALUE FUNCTION
  11. PART FOUR: FRAMING AND MENTAL ACCOUNTING
  12. PART FIVE: APPLICATIONS
  13. PART SIX: THE MULTIPLICITY OF VALUE: REVERSALS OF PREFERENCE
  14. PART SEVEN: CHOICE OVER TIME
  15. PART EIGHT: ALTERNATIVE CONCEPTIONS OF VALUE
  16. PART NINE: EXPERIENCED UTILITY AND OBJECTIVE HAPPINESS
  17. References
  18. Author Index
  19. Subject Index