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  • Grows vegetables
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Choices, values, and frames

£19.99

Product description

This volume presents an approach to the understanding of human decision making which is rooted in psychology, but is increasingly influential in economics and in theories of management and business. 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.

In very good used condition.

Item details

Author(s):
Daniel Kahneman & Amos Tversky
Condition:
Used: very good
Dimensions:
155 x 235 mm x 1070 g
Edition:
2000
Format:
Paperback
ISBN-10:
0521627494
ISBN-13:
9780521627498
Number of pages:
840
Publisher:
Cambridge University Press
Title:
Choices, values, and frames

Standard UK Delivery £3.95 per order

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About this item

This volume presents an approach to the understanding of human decision making which is rooted in psychology, but is increasingly influential in economics and in theories of management and business. 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.

In very good used condition.

Author(s):
Daniel Kahneman & Amos Tversky
Condition:
Used: very good
Dimensions:
155 x 235 mm x 1070 g
Edition:
2000
Format:
Paperback
ISBN-10:
0521627494
ISBN-13:
9780521627498
Number of pages:
840
Publisher:
Cambridge University Press
Title:
Choices, values, and frames

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