Prospect Theory : For Risk and Ambiguity

Peter P. Wakker

ISBN 10: 0521765013 / ISBN 13: 9780521765015

Published by Cambridge University Press, 2010

About this Item

Druck auf Anfrage Neuware - Printed after ordering - 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.

Seller Inventory # 9780521765015

Bibliographic Details

• Title: Prospect Theory : For Risk and Ambiguity
• Publisher: Cambridge University Press
• Publication Date: 2010
• Language: English
• ISBN 10: 0521765013
• ISBN 13: 9780521765015
• Binding: Buch
• Condition: Neu
• Dimensions: 250W x 175H x 32D millimeters 250 millimeters width by 175 millimeters height by 32 millimeters depth
• Weight: 1064 grams

About this title

Synopsis

Prospect Theory: For Risk and Ambiguity provides the first 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.

About the Author

Peter P. Wakker is Professor at the Econometric Institute, Erasmus Universiteit, Rotterdam. His work concerns human decisions under risk and uncertainty from an economic, mathematical and psychological perspective.