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Choices, Values, and Frames

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 | #211467 in Books |  Cambridge University Press |  2000-09-25 | Original language:English | PDF # 1 |  9.21 x1.34 x6.14l,2.35 | File type: PDF | 860 pages

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||73 of 73 people found the following review helpful.| SIGNIFICANT ADVANCES IN ECONOMICS THAT LED TO NOBEL PRIZE|By Denis Benchimol Minev|Kahneman and Tversky's compilation of articles in this book is an outstanding exposition of recent advances in cognitive psychology, especially advances associated with prospect theory. The work presented in this volume is largely responsible for the authors being awarded the Nobel Prize (Tver

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 cl...

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