Prospect Theory: For Risk and Ambiguity (Paperback) (ISBN-13: 9780521748681)

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.

Author: Peter P. Wakker
ISBN-10: 0521748682
ISBN-13: 9780521748681
Publisher: Cambridge University Press
Language: English
Published: 07/22/2010
Pages: 518
Format: Paperback
Weight: 2.20lbs
Size: 9.60h x 6.80w x 0.90d