The Knowledge Ahead Approach to Risk: Theory and Experimental Evidence - Lecture Notes in Economics and Mathematical Systems 585 (Paperback)
  • The Knowledge Ahead Approach to Risk: Theory and Experimental Evidence - Lecture Notes in Economics and Mathematical Systems 585 (Paperback)
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The Knowledge Ahead Approach to Risk: Theory and Experimental Evidence - Lecture Notes in Economics and Mathematical Systems 585 (Paperback)

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£89.99
Paperback 232 Pages / Published: 06/11/2006
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This book is written for those seeking a decision theory appropriate for use in serious choices such as insurance. It employs stages of knowledge ahead to track satisfactions and dissatisfactions. From experimental and questionnaire data, people take into account such stages of knowledge ahead satisfactions and dissatisfactions. This means we must go beyond standard decision theories like expected utility or cumulative prospect theory.

Publisher: Springer-Verlag Berlin and Heidelberg GmbH & Co. KG
ISBN: 9783540384724
Number of pages: 232
Weight: 790 g
Dimensions: 235 x 155 x 14 mm
Edition: 2007 ed.


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From the reviews:

"While most approaches to risk ignore the time dimension, Pope, Leitner, and Leopold-Wildburger distinguish between primary and secondary satisfactions. ... The book may be suitable for senior undergraduate and graduate students, in addition to practitioners and researchers ... . It can serve to initiate researchers and students into experiments and how experimental results can serve to test and develop theories." (Kjell Hausken, Theory and Decision, Vol. 62, 2007)

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