by Daniel Kahneman, Choices Values And Frames Books available in PDF, EPUB, Mobi Format. Download Choices Values And Frames books, 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.
by Cass R. Sunstein, Choosing Not To Choose Books available in PDF, EPUB, Mobi Format. Download Choosing Not To Choose books, Our ability to make choices is fundamental to our sense of ourselves as human beings, and essential to the political values of freedom-protecting nations. Whom we love; where we work; how we spend our time; what we buy; such choices define us in the eyes of ourselves and others, and much blood and ink has been spilt to establish and protect our rights to make them freely. Choice can also be a burden. Our cognitive capacity to research and make the best decisions is limited, so every active choice comes at a cost. In modern life the requirement to make active choices can often be overwhelming. So, across broad areas of our lives, from health plans to energy suppliers, many of us choose not to choose. By following our default options, we save ourselves the costs of making active choices. By setting those options, governments and corporations dictate the outcomes for when we decide by default. This is among the most significant ways in which they effect social change, yet we are just beginning to understand the power and impact of default rules. Many central questions remain unanswered: When should governments set such defaults, and when should they insist on active choices? How should such defaults be made? What makes some defaults successful while others fail? Cass R. Sunstein has long been at the forefront of developing public policy and regulation to use government power to encourage people to make better decisions. In this major new book, Choosing Not to Choose, he presents his most complete argument yet for how we should understand the value of choice, and when and how we should enable people to choose not to choose. The onset of big data gives corporations and governments the power to make ever more sophisticated decisions on our behalf, defaulting us to buy the goods we predictably want, or vote for the parties and policies we predictably support. As consumers we are starting to embrace the benefits this can bring. But should we? What will be the long-term effects of limiting our active choices on our agency? And can such personalized defaults be imported from the marketplace to politics and the law? Confronting the challenging future of data-driven decision-making, Sunstein presents a manifesto for how personalized defaults should be used to enhance, rather than restrict, our freedom and well-being.
by H. Kent Baker, Behavioral Finance Books available in PDF, EPUB, Mobi Format. Download Behavioral Finance books, A definitive guide to the growing field of behavioral finance This reliable resource provides a comprehensive view of behavioral finance and its psychological foundations, as well as its applications to finance. Comprising contributed chapters written by distinguished authors from some of the most influential firms and universities in the world, Behavioral Finance provides a synthesis of the most essential elements of this discipline, including psychological concepts and behavioral biases, the behavioral aspects of asset pricing, asset allocation, and market prices, as well as investor behavior, corporate managerial behavior, and social influences. Uses a structured approach to put behavioral finance in perspective Relies on recent research findings to provide guidance through the maze of theories and concepts Discusses the impact of sub-optimal financial decisions on the efficiency of capital markets, personal wealth, and the performance of corporations Behavioral finance has quickly become part of mainstream finance. If you need to gain a better understanding of this topic, look no further than this book.
by National Research Council, Behavioral And Social Science Books available in PDF, EPUB, Mobi Format. Download Behavioral And Social Science books, In 1933, President Herbert Hoover commissioned the "Ogburn Report," a comprehensive study of social trends in the United States. Fifty years later, a symposium of noted social and behavioral scientists marked the report's anniversary with a book of their own from the Commission on Behavioral and Social Sciences and Education. The 10 chapters presented here relate the developments detailed in the "Ogburn Report" to modern social trends. This book discusses recent major strides in the social and behavioral sciences, including sociology, psychology, anthropology, economics, and linguistics.
by Dr Enrico Trevisan, The Irrational Consumer Books available in PDF, EPUB, Mobi Format. Download The Irrational Consumer books, Companies of all kinds have fallen into some of the most fundamental of traps when it comes to consumer marketing; in assuming that the motivation that drives their customers is entirely rational. Enrico Trevisan's The Irrational Consumer builds on the ground breaking works on behavioural economics of authors such as Daniel Kahneman and Richard Thaler in order to explain the fundamental drivers of customer decisions and how to incorporate these into your business strategy. Learn how consumers respond to different offer architectures and discounts; why they sometimes struggle to see the wood for the trees in a world of ever-increasing options; what are the rules of thumb they develop for making sense of value. Behavioural economics offers organizations perspectives for engaging with customers, whose views on what to buy are strongly driven by contextual factors, such as the framework and the dynamics of choices. Enrico Trevisan's The Irrational Consumer is your 'must-have' primer to this world.
by Shane R. Thye, Altruism And Prosocial Behavior In Groups Books available in PDF, EPUB, Mobi Format. Download Altruism And Prosocial Behavior In Groups books, Addresses a range of phenomena related to the general question of when people behave in an altruistic fashion. This book contains topics that include how empathy induced altruism can actually be a threat to the some larger collective good, and the role of egoism in the production and maintenance of social order.
by Katarzyna de Lazari-Radek, The Point Of View Of The Universe Books available in PDF, EPUB, Mobi Format. Download The Point Of View Of The Universe books, What does the idea of taking 'the point of view of the universe' tell us about ethics? The great nineteenth-century utilitarian Henry Sidgwick used this metaphor to present what he took to be a self-evident moral truth: the good of one individual is of no more importance than the good of any other. Ethical judgments, he held, are objective truths that we can know by reason. The ethical axioms he took to be self-evident provide a foundation for utilitarianism. He supplements this foundation with an argument that nothing except states of consciousness have ultimate value, which led him to hold that pleasure is the only thing that is intrinsically good. Are these claims defensible? Katarzyna de Lazari-Radek and Peter Singer test them against a variety of views held by contemporary writers in ethics, and conclude that they are. This book is therefore a defence of objectivism in ethics, and of hedonistic utilitarianism. The authors also explore, and in most cases support, Sidgwick's views on many other key questions in ethics: how to justify an ethical theory, the significance of an evolutionary explanation of our moral judgments, the choice between preference-utilitarianism and hedonistic utilitarianism, the conflict between self-interest and universal benevolence, whether something that it would be wrong to do openly can be right if kept secret, how demanding utilitarianism is, whether we should discount the future, or favor those who are worse off, the moral status of animals, and what is an optimum population.
by Herman Steensma, Social Justice In Human Relations Volume 2 Books available in PDF, EPUB, Mobi Format. Download Social Justice In Human Relations Volume 2 books, Justice plays an important role in our culture. The topic of justice has attracted the attention of scholars all over the world. Beginning in 1985, a continuing series of international conferences on social justice in The Netherlands at which scientists present and discuss started papers, exchange information, and choose new roads to theory build ing. In this volume, a selection of papers, presented at the International Conference on Social Justice in Human Relations (Leiden, 1986) is published. There has been some refinement and improvement, thanks to the comments made by experts in the field. The chapters in this volume represent second (and, in some cases, even third or fourth) versions of the papers. As organizers of the conference and editors of this volume, we hope that the reader will be pleased by the content and the high quality of the chapters. There is some diversity, but there also are some common themes. We have organized the chapters with respect to what we think are two important themes: (1) behavioral and attitudinal reactions to (in) justice and (2) macrojustice. These categories are not mutually exclusive, for some chapters could have been placed in both categories. Still, we think the distinction between these themes has value.
by Keith Frankish, The Cambridge Handbook Of Cognitive Science Books available in PDF, EPUB, Mobi Format. Download The Cambridge Handbook Of Cognitive Science books, Cognitive science is a cross-disciplinary enterprise devoted to understanding the nature of the mind. In recent years, investigators in philosophy, psychology, the neurosciences, artificial intelligence, and a host of other disciplines have come to appreciate how much they can learn from one another about the various dimensions of cognition. The result has been the emergence of one of the most exciting and fruitful areas of inter-disciplinary research in the history of science. This volume of original essays surveys foundational, theoretical, and philosophical issues across the discipline, and introduces the foundations of cognitive science, the principal areas of research, and the major research programs. With a focus on broad philosophical themes rather than detailed technical issues, the volume will be valuable not only to cognitive scientists and philosophers of cognitive science, but also to those in other disciplines looking for an authoritative and up-to-date introduction to the field.
by C.M. Allwood, Decision Making Social And Creative Dimensions Books available in PDF, EPUB, Mobi Format. Download Decision Making Social And Creative Dimensions books, Decision making is a complex phenomenon which normally is deeply integrated into social life. At the same time the decision making process often gives the decision maker an opportunity for conscious planning and for taking a reflective stance with respect to the action considered. This suggests that decision making allows creative solutions with a potential to change the course of events both on an individual and a collective level. Given these considerations, we argue that in order to more fully understand decision making the perspectives of different disciplines are needed. In this volume we have attempted to draw together contributions that would provide a broad view of decision making. Much work has been carried out in the writing and editing of this volume. First of all we would like to thank the contributors for their efforts in producing interesting and important texts and for their patience in the editorial process. Each chapter was edited by two or three reviewers. These reviewers are listed on a separate page in this book. Our heartfelt thanks go to them for their time and for their incisive and constructive reviews! We are also grateful to the publishing editors at Kluwer Academic Publishers, Christiane Roll and Dorien Francissen, who have been generous with their encouragement and patience throughout the editorial process.