{"product_id":"avoiding-lossestaking-risks-barbara-farnham-9780472082766","title":"Avoiding Losses\/Taking Risks: Prospect Theory and International Conflict","description":"\u003cp\u003eThis volume is a comprehensive examination of the benefits and potential pitfalls of employing prospect theory---a leading alternative to expected utility as a theory of decision under risk---to understand and explain political behavior. The collection brings together both theoretical and empirical studies, thus grounding the conclusions about prospect theory's potential for enriching political analyses in an assessment of its performance in explaining actual cases.\u003c\/p\u003e\u003cp\u003eThe theoretical chapters provide an overview of the main hypotheses of prospect theory: people frame risk-taking decisions around a reference point, they tend to accept greater risk to prevent losses than to make gains, and they often perceive the devastation of a loss as greater than the benefit of a gain. The three case studies---Roosevelt's decision-making during the Munich crisis of 1938, Carter's April 1980 decision to rescue the American hostages in Iran, and Soviet behavior toward Syria in 1966-67---generally support these hypotheses. Nevertheless, the authors are frank about potentially difficult conceptual and methodological problems, making explicit reference to alternative explanations, such as the rational actor model, which posits the maximization of expected value.\u003c\/p\u003e\u003cp\u003eContributors to the volume include Jack Levy, Robert Jervis, Barbara Farnham, Rose McDermott, Audrey McInerney, and Eldar Shafir.\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Barbara Farnham\u003cbr\u003e\u003cb\u003eISBN-10:\u003c\/b\u003e 0472082760\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9780472082766\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e University of Michigan Press\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 01\/06\/1995\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 176\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Paperback\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 0.60lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 8.99h x 6.09w x 0.62d","brand":"Barbara Farnham","offers":[{"title":"Paperback","offer_id":48437901033727,"sku":"9780472082766","price":38.95,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0662\/2982\/9887\/files\/img_6a7ec5d3-5a36-4044-9e11-70c36dad1db1.jpg?v=1777167543","url":"https:\/\/www.whiterainbookhouse.com\/products\/avoiding-lossestaking-risks-barbara-farnham-9780472082766","provider":"WR Book House","version":"1.0","type":"link"}