Description - Choices, Values, and Frames by Daniel Kahneman
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.
Buy Choices, Values, and Frames by Daniel Kahneman from Australia's Online Independent Bookstore, Boomerang Books.
Format: Paperback / softback
(236mm x 156mm x 34mm)
Cambridge University Press
Publisher: Cambridge University Press
Country of Publication:
Book Reviews - Choices, Values, and Frames by Daniel Kahneman
» Have you read this book? We'd like to know what you think about it - write a review about Choices, Values, and Frames book by Daniel Kahneman and you'll earn 50c in Boomerang Bucks loyalty dollars (you must be a Boomerang Books Account Holder - it's free to sign up and there are great benefits!)