Prospect Theory PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Prospect Theory PDF full book. Access full book title Prospect Theory by Peter P. Wakker. Download full books in PDF and EPUB format.
Author: Peter P. Wakker
Publisher: Cambridge University Press
ISBN: 1139489100
Category : Business & Economics
Languages : en
Pages : 519
Get Book Here
Book Description
Prospect Theory: For Risk and Ambiguity, provides a comprehensive and accessible textbook treatment of the way decisions are made both when we have the statistical probabilities associated with uncertain future events (risk) and when we lack them (ambiguity). The book presents models, primarily prospect theory, that are both tractable and psychologically realistic. A method of presentation is chosen that makes the empirical meaning of each theoretical model completely transparent. Prospect theory has many applications in a wide variety of disciplines. The material in the book has been carefully organized to allow readers to select pathways through the book relevant to their own interests. With numerous exercises and worked examples, the book is ideally suited to the needs of students taking courses in decision theory in economics, mathematics, finance, psychology, management science, health, computer science, Bayesian statistics, and engineering.
Author: Peter P. Wakker
Publisher: Cambridge University Press
ISBN: 1139489100
Category : Business & Economics
Languages : en
Pages : 519
Get Book Here
Book Description
Prospect Theory: For Risk and Ambiguity, provides a comprehensive and accessible textbook treatment of the way decisions are made both when we have the statistical probabilities associated with uncertain future events (risk) and when we lack them (ambiguity). The book presents models, primarily prospect theory, that are both tractable and psychologically realistic. A method of presentation is chosen that makes the empirical meaning of each theoretical model completely transparent. Prospect theory has many applications in a wide variety of disciplines. The material in the book has been carefully organized to allow readers to select pathways through the book relevant to their own interests. With numerous exercises and worked examples, the book is ideally suited to the needs of students taking courses in decision theory in economics, mathematics, finance, psychology, management science, health, computer science, Bayesian statistics, and engineering.
Author: Daniel Kahneman
Publisher:
ISBN:
Category : Utility theory
Languages : en
Pages : 27
Get Book Here
Book Description
Author: Leonard C. MacLean
Publisher: World Scientific
ISBN: 9814417351
Category : Business & Economics
Languages : en
Pages : 941
Get Book Here
Book Description
This handbook in two parts covers key topics of the theory of financial decision making. Some of the papers discuss real applications or case studies as well. There are a number of new papers that have never been published before especially in Part II.Part I is concerned with Decision Making Under Uncertainty. This includes subsections on Arbitrage, Utility Theory, Risk Aversion and Static Portfolio Theory, and Stochastic Dominance. Part II is concerned with Dynamic Modeling that is the transition for static decision making to multiperiod decision making. The analysis starts with Risk Measures and then discusses Dynamic Portfolio Theory, Tactical Asset Allocation and Asset-Liability Management Using Utility and Goal Based Consumption-Investment Decision Models.A comprehensive set of problems both computational and review and mind expanding with many unsolved problems are in an accompanying problems book. The handbook plus the book of problems form a very strong set of materials for PhD and Masters courses both as the main or as supplementary text in finance theory, financial decision making and portfolio theory. For researchers, it is a valuable resource being an up to date treatment of topics in the classic books on these topics by Johnathan Ingersoll in 1988, and William Ziemba and Raymond Vickson in 1975 (updated 2 nd edition published in 2006).
Author: Maria A. Brandimonte
Publisher: Psychology Press
ISBN: 131778068X
Category : Psychology
Languages : en
Pages : 439
Get Book Here
Book Description
Devoted exclusively to prospective memory, this volume organizes the research and thoughts of the important contributors to the field in one comprehensive resource. The chapter authors not only focus on their own work, but also review other research areas and address those where the methods and theories from the retrospective memory literature are useful and where they fall short. Each section is followed by at least one commentary written by a prominent scholar in the field of memory. The commentators present critical analyses of the chapters, note ideas that they found particularly exciting, and use these ideas as a foundation on which to elaborate their own views of prospective memory. This volume will stimulate the thinking of active prospective memory researchers, provide a coherent organization of the area for the increasing number of people who are interested in prospective memory but who are not yet actively conducting research in the area, and serve as a book of readings for upper division seminars.
Author: Lee Edelman
Publisher: Duke University Press
ISBN: 0822385988
Category : Social Science
Languages : en
Pages : 206
Get Book Here
Book Description
In this searing polemic, Lee Edelman outlines a radically uncompromising new ethics of queer theory. His main target is the all-pervasive figure of the child, which he reads as the linchpin of our universal politics of “reproductive futurism.” Edelman argues that the child, understood as innocence in need of protection, represents the possibility of the future against which the queer is positioned as the embodiment of a relentlessly narcissistic, antisocial, and future-negating drive. He boldly insists that the efficacy of queerness lies in its very willingness to embrace this refusal of the social and political order. In No Future, Edelman urges queers to abandon the stance of accommodation and accede to their status as figures for the force of a negativity that he links with irony, jouissance, and, ultimately, the death drive itself. Closely engaging with literary texts, Edelman makes a compelling case for imagining Scrooge without Tiny Tim and Silas Marner without little Eppie. Looking to Alfred Hitchcock’s films, he embraces two of the director’s most notorious creations: the sadistic Leonard of North by Northwest, who steps on the hand that holds the couple precariously above the abyss, and the terrifying title figures of The Birds, with their predilection for children. Edelman enlarges the reach of contemporary psychoanalytic theory as he brings it to bear not only on works of literature and film but also on such current political flashpoints as gay marriage and gay parenting. Throwing down the theoretical gauntlet, No Future reimagines queerness with a passion certain to spark an equally impassioned debate among its readers.
Author: Rose McDermott
Publisher: University of Michigan Press
ISBN: 9780472087877
Category : Political Science
Languages : en
Pages : 256
Get Book Here
Book Description
Discusses the way leaders deal with risk in making foreign policy decisions
Author: Haim Levy
Publisher: Cambridge University Press
ISBN: 1139503022
Category : Business & Economics
Languages : en
Pages : 457
Get Book Here
Book Description
The Capital Asset Pricing Model (CAPM) and the mean-variance (M-V) rule, which are based on classic expected utility theory, have been heavily criticized theoretically and empirically. The advent of behavioral economics, prospect theory and other psychology-minded approaches in finance challenges the rational investor model from which CAPM and M-V derive. Haim Levy argues that the tension between the classic financial models and behavioral economics approaches is more apparent than real. This book aims to relax the tension between the two paradigms. Specifically, Professor Levy shows that although behavioral economics contradicts aspects of expected utility theory, CAPM and M-V are intact in both expected utility theory and cumulative prospect theory frameworks. There is furthermore no evidence to reject CAPM empirically when ex-ante parameters are employed. Professionals may thus comfortably teach and use CAPM and behavioral economics or cumulative prospect theory as coexisting paradigms.
Author: Robin Boadway
Publisher: MIT Press
ISBN: 0262300931
Category : Business & Economics
Languages : en
Pages : 301
Get Book Here
Book Description
An economist examines the evolution of optimal tax analysis and its influence on tax policy design. Many things inform a country's choice of tax system, including political considerations, public opinion, bureaucratic complexities, and ideas drawn from theoretical analysis. In this book, Robin Boadway examines the role of optimal tax analysis in informing and influencing tax policy design. Scholars of public economics formulate models of optimal tax-transfer systems based on normative principles that reflect efficiency and equity considerations. They use that analysis to form views about the optimal design or reform of actual tax systems that are much more complicated than their models. Boadway argues that there is an important symbiosis between ideas drawn from normative tax analysis and tax policies actually enacted. Ideas germinated by normative analyses have led to the widespread adoption of the value-added tax, the use of refundable tax credits, and various business tax reforms. Other ideas provide rationales for existing features of tax systems, including the tax treatment of retirement savings and human capital investment. Boadway charts the evolution of optimal tax analysis and discusses the lessons it holds for tax policy. He describes the theoretical challenges posed by recent findings in such fields as behavioral economics and social choice and considers how optimal tax analysis might adapt to these new paradigms. His analysis offers a timely assessment of the role that optimal tax theory has played in establishing the principles that continue to inform tax policy.
Author: DAVID L. COOPERRIDER
Publisher:
ISBN: 9781734845013
Category :
Languages : en
Pages :
Get Book Here
Book Description
Engaged research and qualitative theory building in the social sciences are among the greatest adventures and significant vocations life can present. The impact of good theory, no matter how tiny or vast, can instantly move across our intimate planet and affect every human and living system in this interconnected, relationally alive, and reverberating universe. Ideas change the world. Ideas can be about life and they can be life-giving in the sense that they can inspire, enliven, and open us to new horizons and new depths. A new idea, especially the idea whose time has come in a prospective and betterment sense, does more than inform: it transforms. We've all experienced it. A single new understanding can change us deeply.This book-emerging from the needs and urging of David's doctoral students and those who care about engaged scholarship-is about the craft of grounded and future-forming theory construction. It's a way of doing research in the human sciences that exists, in William James' contrast, "not as a dull habit but as an acute fever." This book, today used in doctoral research courses and masters programs in organization development, unites the original purpose of Appreciative Inquiry with the domains of grounded theory, generative theory, enlivenment world-views, and the art and science of portraiture. Taken together this volume provides a manifesto and clear framework for prospective theory-building. Prospective theory is:1. Theory inspired by life, and it is designed to apprehend the best in all of life's fullest, most meaningful, and best future possibilities while being grounded in the midst of the extraordinary, the ordinary, as well as the tragic;2. Has the enlivenment and generative capacity to challenge the status quo and open the world to new better possibilities for life and living;3. Articulates a future story of prospective possibility. It involves a proleptic merging of the ideal conditioned in the texture of the actual-e.g., vivid utopias that are right there in front of us-informing our future story for establishing the new and eclipsing the old.
Author: Jason Ananda Josephson Storm
Publisher: University of Chicago Press
ISBN: 022678665X
Category : Philosophy
Languages : en
Pages : 375
Get Book Here
Book Description
Opening -- Part I. Metarealism. How the real world became a fable, or, The realities of social construction -- Part II. Process social ontology. Concepts in disintegration & strategies for demolition ; Process social ontology ; Social kinds -- Part III. Hylosemiotics. Hylosemiotics : the discourse of things -- Part IV. Knowledge and value. Zetetic knowledge ; The revaluation of values -- Conclusion : becoming metamodern.
