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Prospect Theory


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#615156 in eBooks 2010-05-01 2010-05-01File Name: B004EHZVXG9 of 10 people found the following review helpful. Outstanding!By EaswarI was an Information Systems professor and was quite interested in studying risk perception - especially the risks spawned by the Internet. I took a Decision Analysis class at MBA level but that course was somewhat informal and left me struggling to wrap my head around different theories of DM under uncertainty later on when I needed them. This text, probably because it derives from Prof. Wakker's class notes, explains conce"Peter Wakker's new book provides a brilliant account of what has happened in the field of decision theory during the last twenty years. Decision analysts will find here many tools and assessment techniques that will enlarge their usual bag of tricks. One of the virtues of the remarkable text is thProspect 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. Prospec...

You easily download any file type for your gadget.Prospect Theory   |  . I really enjoyed this book and have already told so many people about it!

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