Reference-Dependent Preferences A Theoretical and Experimental Investigation of Individual Reference-Point Formation

Name: Reference-Dependent Preferences A Theoretical and Experimental Investigation of Individual Reference-Point Formation
Price: 55.74 USD
Availability: InStock
ISBN: 9783658006341

ISBN-10: 365800634X

ISBN-13: 9783658006341

Edition: 2013

Authors: Evelyn Stommel

List price: $67.99

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Description:

Most of our daily decisions are made under uncertainty and risk, without complete information about all relevant aspects. We all constantly make such decisions, from the simplest "should I take my raincoat today?" to more serious examples, such as those on investment and portfolio decisions, holding of shares, insurance patterns, or negotiation processes. Within these situations, the bounded rationality of individuals and institutions towards risk and uncertainty is embedded. The central theory underlying this study is prospect theory, an adequate model to predict the real and most often bounded rationality of human behavior given certain incentives, preferences, and constraints.Evelyn…

Book details

List price: $67.99
Copyright year: 2013
Publisher: Springer Fachmedien Wiesbaden GmbH
Publication date: 11/3/2012
Binding: Paperback
Pages: 224
Size: 5.83" wide x 8.27" long x 0.50" tall
Weight: 6.930
Language: English