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Choices, Values, and Frames
 
 
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Choices, Values, and Frames (Hardcover)

by Daniel Kahneman (Editor), Amos Tversky (Editor) "Making decisions is like speaking prose - people do it all the time, knowingly or unknowingly..." (more)
Key Phrases: compound invariance, median judged probability, median judged probabilities, Amos Tversky, San Francisco, Daniel Kahneman (more...)
4.7 out of 5 stars  (13 customer reviews)


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Editorial Reviews
Review
"Daniel Kahneman and the late Amos Tversky have started a new perspective on the traditional economic categories of choice, decision, and value. A series of experimental and empirical studies by them and others have rejected traditional economic assumptions of rationality. Even more importantly, these scholars have developed alternative generalizations with significant predictive power and have found empirical verification for them. This outstanding collection of studies will make these new results widely accessible." Kenneth J. Arrow, Joan Kenney Professor of Economics, Emeritus and Professor of Operations Research, Emeritus, Stanford University

Product Description
Choices, Values, and Frames presents an empirical and theoretical challenge to classical utility theory, offering prospect theory as an alternative framework. Extensions and applications to diverse economic phenomena and to studies of consumer behavior are discussed. The book also elaborates on framing effects and other demonstrations that preferences are constructed in context, and it develops new approaches to the standard view of choice-based utility. As with the classic 1982 volume, Judgment Under Uncertainty, this volume is comprised of papers published in diverse academic journals. The editors have written several new chapters and a preface to provide a context for the work.

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Product Details
  • Hardcover: 848 pages
  • Publisher: Cambridge University Press; 1 edition (September 25, 2000)
  • Language: English
  • ISBN-10: 0521621720
  • ISBN-13: 978-0521621724
  • Product Dimensions: 9.6 x 6.4 x 1.4 inches
  • Shipping Weight: 2.6 pounds
  • Average Customer Review: 4.7 out of 5 stars  (13 customer reviews)
  • Amazon.com Sales Rank: #2,590,319 in Books (See Bestsellers in Books)
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  • In-Print Editions: Paperback (1) |  All Editions


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