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Experiments on Decisions under Risk: The Expected Utility Hypothesis
P. J. H. Schoemaker
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Description for Experiments on Decisions under Risk: The Expected Utility Hypothesis
Paperback. Num Pages: 234 pages, biography. BIC Classification: KJT. Category: (P) Professional & Vocational. Dimension: 229 x 152 x 13. Weight in Grams: 351.
In this valuable book, Paul Schoemaker summarizes recent experimental and field research that he and others have undertaken regarding the descrip- tive validity of expected utility theory as a model of choice under uncer- tainty. His principal message is that this paradigm is too narrow in its con- ception and misses some of the important elements of a descriptive model of individual choice. In particular, Schoemaker calls attention to the impor- tance of individual differences, task effects, and context effects as they influence behavior. The expected utility hypothesis has come under scrutiny in recent years from a number of different ... Read more
In this valuable book, Paul Schoemaker summarizes recent experimental and field research that he and others have undertaken regarding the descrip- tive validity of expected utility theory as a model of choice under uncer- tainty. His principal message is that this paradigm is too narrow in its con- ception and misses some of the important elements of a descriptive model of individual choice. In particular, Schoemaker calls attention to the impor- tance of individual differences, task effects, and context effects as they influence behavior. The expected utility hypothesis has come under scrutiny in recent years from a number of different ... Read more
Product Details
Format
Paperback
Publication date
2014
Publisher
Springer
Condition
New
Number of Pages
211
Place of Publication
Dordrecht, Netherlands
ISBN
9789401750424
SKU
V9789401750424
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
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