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Item Details
Title: CHOICES, VALUES, AND FRAMES
By: Daniel Kahneman (Editor), Amos Tversky (Editor)
Format: Paperback

List price: £67.99
Our price: £59.49
Discount:
12.5% off
You save: £8.50
ISBN 10: 0521627494
ISBN 13: 9780521627498
Availability: Usually dispatched within 3-5 days.
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Stock: Currently 1item in stock
Publisher: CAMBRIDGE UNIVERSITY PRESS
Pub. date: 25 September, 2000
Pages: 860
Description: An approach to the understanding of human decision making.
Synopsis: 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.
Illustrations: 79 b/w illus. 66 tables
Publication: UK
Imprint: Cambridge University Press
Returns: Returnable
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HBR'S 10 MUST READS ON MAKING SMART DECISIONS (WITH FEATURED ARTICLE "BEFORE YOU MAKE THAT BIG DECISION..." BY DANIEL KAHNEMAN, DAN LOVALLO, AND OLIVIER SIBONY) (PB)
HEURISTICS AND BIASES (HB)
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