| ISBN: | 9780230248243 (hbk.) |
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| ISBN: | 0230248241 (hbk.) |
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| ISBN: | 9780230248250 (pbk.) |
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| ISBN: | 023024825X (pbk.) |
| 编目源: | NLE NLE YDXCP CDX UKM BTCTA BWX OMM CUS UPM |
| 个人名称: | Sko?epa, Michal. |
| 题名: | Decision making : a behavioral economic approach / Michal Sko?epa. |
| 索书号: | C934/S628E |
| 出版发行项: | Basingstoke ; New York : Palgrave Macmillan, 2011. |
| 载体形态: | xxi, 375 p. : ill. ; 24 cm. |
| 书目附注: | Includes bibliographical references (p. 343-362) and index. |
| 格式化内容附注: | Note continued: Expected Value Maximization -- Terminology of attitudes towards risk -- Utility function -- Expected Utility Maximization -- Marschak triangle -- Selected empirical evidence -- Early evidence -- Recent evidence: "Fourfold Pattern" -- Cumulative Prospect Theory -- Value function, losses, gains -- Formal apparatus of Cumulative Prospect Theory -- Explanation of the evidence: fourfold pattern -- Cumulative Prospect Theory's evaluation of the four types of actions -- Explanation provided by value function -- Explanation provided by probability transformation -- The dominant explanatory role of probability transformation -- Numerical example -- Explanation of the evidence: common consequence effect -- Phenomena that Cumulative Prospect Theory cannot explain -- Competing models -- The case of ambiguity -- Summary -- Review questions -- Exercises -- Hints to review questions -- Hints to exercises -- 13.Comparing II -- Multiple Periods -- Concepts and notation -- Expressing location of outcomes in the future -- Independent Additively Separable Intertemporal Utility Maximization -- Two basic types of weighting of future periods -- Discount factor, discount rate -- Reasons for time discounting -- Do people discount the future? -- Exponential discounting -- Time consistency -- Empirical evidence: time inconsistency -- Casual versus scientific observations of time inconsistency -- Fighting time inconsistency: commitment -- Commitment through restraint -- Commitment through punishment -- Internal commitment -- Willpower -- Policy implications concerning commitment -- Explanation of the evidence -- Growing discount factors -- Further evidence -- "Discounting in Denmark" -- Quasi-hyperbolic Discounting -- Economic applications of Quasi-hyperbolic Discounting -- Hyperbolic Discounting -- Summary -- Review questions -- Hints to review questions. |