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The Knowledge Ahead Approach to Risk. Theory and Experimental Evidence.
Pope, Robin; Leitner, Johannes; Leopold-Wildburger, Ulrike
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Description for The Knowledge Ahead Approach to Risk. Theory and Experimental Evidence.
Paperback. Written for those seeking a decision theory appropriate for use in serious choices such as insurance. This book employs stages of knowledge ahead to track satisfactions and dissatisfactions. Series: Lecture Notes in Economics and Mathematical Systems. Num Pages: 248 pages, 51 black & white illustrations, 37 black & white tables, biography. BIC Classification: KC; PB. Category: (UU) Undergraduate. Dimension: 234 x 156 x 14. Weight in Grams: 790.
The joint work of Robin Pope, Johannes Leitner and Ulrike Leopold- Wildburger presented in this little book makes a strong point for a new approach to decision making under risk. It emphasizes aspects of risk preferences largely neglected in the theoretical and experimental lite- ture. Before the outcome of a risky decision is known a decision maker may feel worries or thrills about what will happen at the end. It is c- vincingly argued that the anticipation of such ”secondary satisfactions” is, and should be, an important in?uence on the decision. The questi- naire data and the experiments support this ... Read more
The joint work of Robin Pope, Johannes Leitner and Ulrike Leopold- Wildburger presented in this little book makes a strong point for a new approach to decision making under risk. It emphasizes aspects of risk preferences largely neglected in the theoretical and experimental lite- ture. Before the outcome of a risky decision is known a decision maker may feel worries or thrills about what will happen at the end. It is c- vincingly argued that the anticipation of such ”secondary satisfactions” is, and should be, an important in?uence on the decision. The questi- naire data and the experiments support this ... Read more
Product Details
Format
Paperback
Publication date
2006
Publisher
Springer-Verlag Berlin and Heidelberg GmbH & Co. KG Germany
Number of pages
248
Condition
New
Series
Lecture Notes in Economics and Mathematical Systems
Number of Pages
232
Place of Publication
Berlin, Germany
ISBN
9783540384724
SKU
V9783540384724
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
Reviews for The Knowledge Ahead Approach to Risk. Theory and Experimental Evidence.
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 ... Read more