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> Choices, Values, and Frames

Choices, Values, and Frames

Authors

Edited by Daniel Kahneman, Princeton University, New Jersey, Amos Tversky, Stanford University, California
Published 2000

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…

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Key features

  • Includes complete versions of most-often cited articles in the field of decision making
  • Articles are easily accessible to those who possess little technical knowledge of formal decision theory or psychology
  • Kahneman is very famous in his field

About the book

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