Choices, Values, and Frames

Choices, Values, and Frames

Author: Daniel Kahneman

Publisher: Cambridge University Press

Published: 2000-09-25

Total Pages: 864

ISBN-13: 1107651069

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This book presents the definitive exposition of 'prospect theory', a compelling alternative to the classical utility theory of choice. Building on the 1982 volume, Judgement Under Uncertainty, this book brings together seminal papers on prospect theory from economists, decision theorists, and psychologists, including the work of the late Amos Tversky, whose contributions are collected here for the first time. While remaining within a rational choice framework, prospect theory delivers more accurate, empirically verified predictions in key test cases, as well as helping to explain many complex, real-world puzzles. In this volume, it is brought to bear on phenomena as diverse as the principles of legal compensation, the equity premium puzzle in financial markets, and the number of hours that New York cab drivers choose to drive on rainy days. Theoretically elegant and empirically robust, this volume shows how prospect theory has matured into a new science of decision making.


A Kaleidoscope of Choices

A Kaleidoscope of Choices

Author: Beth Holley

Publisher: Routledge

Published: 2019-12-05

Total Pages: 295

ISBN-13: 100075510X

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This book, first published in 1995, helps librarians develop skills and strategies to cope effectively with the myriad changes affecting their profession due to the rapid evolution of technology. Informative chapters address the impact of technology on libraries, scholarly communication, vendors, and the publishing industry. They analyses managing change, managing the virtual library, roles of vendors and publishers in providing access to electronic information, and innovations for the bibliographic control of electronic publications.


Shadow Spinner

Shadow Spinner

Author: Susan Fletcher

Publisher: Simon and Schuster

Published: 2011-10-18

Total Pages: 195

ISBN-13: 1442446811

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Every night, Shahrazad begins a story. And every morning, the Sultan lets her live another day -- providing the story is interesting enough to capture his attention. After almost one thousand nights, Shahrazad is running out of tales. And that is how Marjan's story begins.... It falls to Marjan to help Shahrazad find new stories -- ones the Sultan has never heard before. To do that, the girl is forced to undertake a dangerous and forbidden mission: sneak from the harem and travel the city, pulling tales from strangers and bringing them back to Shahrazad. But as she searches the city, a wonderful thing happens. From a quiet spinner of tales, Marjan suddenly becomes the center of a more surprising story than she ever could have imagined.


The Argumentative Turn in Policy Analysis

The Argumentative Turn in Policy Analysis

Author: Sven Ove Hansson

Publisher: Springer

Published: 2016-05-26

Total Pages: 354

ISBN-13: 3319305492

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​This book describes argumentative tools and strategies that can be used to guide policy decisions under conditions of great uncertainty. Contributing authors explore methods from philosophical analysis and in particular argumentation analysis, showing how it can be used to systematize discussions about policy issues involving great uncertainty. The first part of the work explores how to deal in a systematic way with decision-making when there may be plural perspectives on the decision problem, along with unknown consequences of what we do. Readers will see how argumentation tools can be used for prioritizing among uncertain dangers, for determining how decisions should be framed, for choosing a suitable time frame for a decision, and for systematically choosing among different decision options. Case studies are presented in the second part of the book, showing argumentation in practice in the areas of climate geoengineering, water governance, synthetic biology, nuclear waste, and financial markets. In one example, argumentation analysis is applied to proposals to solve the climate problem with various technological manipulations of the natural climate system, such as massive dispersion of reflective aerosols into the stratosphere. Even after a thorough investigation of such a proposal, doubt remains as to whether all the potential risks have been identified. In such discussions, conventional risk analysis does not have much to contribute since it presupposes that the risks have been identified, whereas the argumentative approach to uncertainty management can be used to systematize discussions.


Earthquake Probabilities for the Wasatch Front Region in Utah, Idaho, and Wyoming

Earthquake Probabilities for the Wasatch Front Region in Utah, Idaho, and Wyoming

Author: Working Group on Utah Earthquake Probabilities

Publisher:

Published: 2016

Total Pages: 164

ISBN-13: 9781557919236

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This publication presents probabilistic earthquake forecasts developed by the Working Group on Utah Earthquake Probabilities which developed 30,50, and 100 year forecasts that include combined time dependent probabilities of large earthquakes for the five central segments of the Wasatch Fault Zone.