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Author: Daniel Kahneman
Publisher: Cambridge University Press
ISBN: 9780521627498
Category : Business & Economics
Languages : en
Pages : 864
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Book 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 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.
Author: Johan Brandtler
Publisher: John Benjamins Publishing
ISBN: 9027274908
Category : Language Arts & Disciplines
Languages : en
Pages : 215
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Book Description
Although the field of polarity is well researched, this monograph offers a new take on polarity sensitivity that both challenges and incorporates previous theories. Based primarily on Swedish data, it presents new solutions to long-standing problems, such as the non-complementary distribution of NPIs and PPIs in yes/no-questions and conditionals, long distance licensing by superordinate elements, and the occurrence of polarity items in wh-questions. It is argued that polarity sensitivity can be understood in terms of evaluability. Lacking any immediate predecessor in the literature, evaluability refers to the possibility of accepting or rejecting an utterance as true in a communicative exchange. Intriguingly, the evaluable status of a clause is shown to have syntactic correlates in Swedish, mirrored in the configuration of the C-domain. This book is of interest to scholars studying the interplay between syntax, semantics and pragmatics, particularly those working on negation and polarity.
Author: Daniel Kahneman
Publisher: Cambridge University Press
ISBN: 9780521627498
Category : Business & Economics
Languages : en
Pages : 864
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Book 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 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.
Author: Sarah Lichtenstein
Publisher: Cambridge University Press
ISBN: 1139457780
Category : Psychology
Languages : en
Pages : 709
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Book Description
One of the main themes that has emerged from behavioral decision research during the past three decades is the view that people's preferences are often constructed in the process of elicitation. This idea is derived from studies demonstrating that normatively equivalent methods of elicitation (e.g., choice and pricing) give rise to systematically different responses. These preference reversals violate the principle of procedure invariance that is fundamental to all theories of rational choice. If different elicitation procedures produce different orderings of options, how can preferences be defined and in what sense do they exist? This book shows not only the historical roots of preference construction but also the blossoming of the concept within psychology, law, marketing, philosophy, environmental policy, and economics. Decision making is now understood to be a highly contingent form of information processing, sensitive to task complexity, time pressure, response mode, framing, reference points, and other contextual factors.
Author: Michael Bamberger
Publisher: SAGE Publications
ISBN: 1544318766
Category : Social Science
Languages : en
Pages : 747
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Book Description
RealWorld Evaluation: Working Under Budget, Time, Data, and Political Constraints addresses the challenges of conducting program evaluations in real-world contexts where evaluators and their clients face budget and time constraints. The book is organized around the authors’ seven-step model that has been tested in workshops and practice environments to help the evaluation implementers and managers make the best choices when faced with real world constraints. The Third Edition includes a new chapter on gender equality and women’s empowerment and discussion of digital technology and data science.
Author: Gideon Keren
Publisher: John Wiley & Sons
ISBN: 1118468392
Category : Psychology
Languages : en
Pages : 1056
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Book Description
A comprehensive, up-to-date examination of the most important theory, concepts, methodological approaches, and applications in the burgeoning field of judgment and decision making (JDM) Emphasizes the growth of JDM applications with chapters devoted to medical decision making, decision making and the law, consumer behavior, and more Addresses controversial topics from multiple perspectives – such as choice from description versus choice from experience – and contrasts between empirical methodologies employed in behavioral economics and psychology Brings together a multi-disciplinary group of contributors from across the social sciences, including psychology, economics, marketing, finance, public policy, sociology, and philosophy 2 Volumes
Author: Peter Henry Rossi
Publisher: SAGE Publications, Incorporated
ISBN:
Category : Law
Languages : en
Pages : 360
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Book Description
Author: George Loewenstein
Publisher: Oxford University Press
ISBN: 0199257078
Category : Business & Economics
Languages : en
Pages : 688
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Book Description
George Loewenstein analyses how individual preferences are formed, whether they can be predicted and the extent to which they are influenced by emotion rather than reason. These writings include the author's most influential papers on this intriguing topic.
Author: Jerry S. Wiggins
Publisher:
ISBN:
Category :
Languages : en
Pages : 262
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Book Description
Author: Kazuhisa Takemura
Publisher: Springer
ISBN: 9811390495
Category : Business & Economics
Languages : en
Pages : 304
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Book Description
This book provides an overview of the concept of economic psychology from behavioral and mathematical perspectives and related theoretical and empirical findings. Economic psychology is defined briefly as a general term for descriptive theories to explain the psychological processes of microeconomic behaviors and macroeconomic phenomena. However, the psychological methodology and knowledge of economic psychology have also been applied widely in such fields as economics, business administration, and engineering, and they are expected to become increasingly useful in the future—a trend suggested in several eminent scholars’ studies. The book explains the numerous behavioral and mathematical models of economic psychology related to micro- and macroeconomic phenomena that have been proposed in the past, and introduces new models that are useful to explain human economic behaviors. It concludes with speculations about the future of modern economic psychology, referring to its connection with fields related to neuroscience, such as neuroeconomics, which have been developed in recent years. Readers require no advanced expertise; nonetheless, an introductory understanding of psychology, business administration, and economics, and a high- school-graduate level of mathematics are useful. To aid readers, each chapter includes a bibliography, which can be referred for more details related to economic psychology.
Author: Michael Bamberger
Publisher: SAGE Publications
ISBN: 1452258848
Category : Social Science
Languages : en
Pages : 713
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Book Description
This book addresses the challenges of conducting program evaluations in real-world contexts where evaluators and the agencies face budget and time constraints and where critical data is missing. The book is organized around a seven-step model developed by the authors, which has been tested and refined in workshops. Vignettes and case studies—representing evaluations from a variety of geographic regions and sectors—demonstrate adaptive possibilities for small projects with budgets of a few thousand dollars to large-scale, long-term evaluations. The text incorporates quantitative, qualitative, and mixed-method designs and this Second Edition reflects important developments in the field over the last five years.
