Distorted Probabilities and Choice under Risk

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SR 346
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Author:Puppe, Clemens
Date of Publication: 1991
Book classification:Business & ManagementEnglish Books,
No. of pages:116 Pages
Format:Paperback

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About this Product

The book develops a new model of individual choice under risk within the general framework of rank-dependent utility theory. The new approach captures simultaneously an optimistic attitude towards gambling and risk averse behavior. The model is then applied to some of the observed behavioral patterns contradicting the expected utility hypothesis.
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Specifications

SKU9783540542476
Manufacturer Number9783540542476
year published1991
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