Choices, Values, and Frames
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Choices, Values, and Frames by Daniel Kahneman
Book DescriptionThis 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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Book DetailsISBN: 9780521627498
(234mm x 156mm x 34mm)
Imprint: Cambridge University Press
Publisher: Cambridge University Press
Publish Date: 25-Sep-2000
Country of Publication: United Kingdom
Books By Author Daniel Kahneman
Thrive, Hardback (October 2015)
"Original edition first published in the United Kingdom as Thrive: the power of evidence-based psychological therapies, by Penguin Books Ltd, London"--Title page verso.
Thinking, Fast and Slow, Paperback / softback (April 2013)
Kahneman, recipient of the Nobel Prize in Economic Sciences for his seminal work in psychology, takes readers on a groundbreaking tour of the mind and explains the two systems that drive the way people think. Selected by the "New York Times Book Review" as one of the best books of 2011.
HBR's 10 Must Reads on Making Smart Decisions (with Featured Article 'Before You Make That Big Decision...' by Daniel Kahneman, Dan Lovallo, and Olivier Sibony), Paperback (March 2013)» View all books by Daniel Kahneman
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