Choices, Values, and Frames

Name: Choices, Values, and Frames
Availability: InStock
ISBN: 9780521627498

ISBN-10: 0521627494

ISBN-13: 9780521627498

Edition: 2000

Authors: Daniel Kahneman, Amos Tversky

List price: $91.99

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Description:

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…

Book details

List price: $91.99
Copyright year: 2000
Publisher: Cambridge University Press
Publication date: 9/25/2000
Binding: Paperback
Pages: 860
Size: 6.14" wide x 9.29" long x 1.34" tall
Weight: 2.728
Language: English

Daniel Kahneman received the 2002 Nobel Prize in Economic Sciences for his pioneering work with Amos Tversky on decision-making.




Prospect Theory and Extensions



The Certainty Effect and the Weighting Function



Loss Aversion and the Value Function



Framing and Mental Accounting



Applications



The Multiplicity of Value



Choice over Time



Alternative Conceptions of Value



Experienced Utility