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Essays On Reference Dependent Preferences
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Book Synopsis Reference-Dependent Preferences by : Evelyn Stommel
Download or read book Reference-Dependent Preferences written by Evelyn Stommel and published by Springer Science & Business Media. This book was released on 2012-11-02 with total page 229 pages. Available in PDF, EPUB and Kindle. Book excerpt: Most of our daily decisions are made under uncertainty and risk, without complete information about all relevant aspects. We all constantly make such decisions, from the simplest “should I take my raincoat today?” to more serious examples, such as those on investment and portfolio decisions, holding of shares, insurance patterns, or negotiation processes. Within these situations, the bounded rationality of individuals and institutions towards risk and uncertainty is embedded. The central theory underlying this study is prospect theory, an adequate model to predict the real and most often bounded rationality of human behavior given certain incentives, preferences, and constraints. Evelyn Stommel investigates a crucial question within behavioral economics, namely the research on reference points within human decision making processes. Based on experimental investigations, she focuses three key challenges: what constitutes a reference point, the process of the formation of a reference point, and factors influencing the formation of reference points.
Book Synopsis Two Essays on the Marketing of Durable Goods by : Raghunath Singh Rao
Download or read book Two Essays on the Marketing of Durable Goods written by Raghunath Singh Rao and published by . This book was released on 2007 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Essays on Contract Design and Incentive Provision by : Eva I. Hoppe-Fischer
Download or read book Essays on Contract Design and Incentive Provision written by Eva I. Hoppe-Fischer and published by Springer. This book was released on 2019-02-19 with total page 217 pages. Available in PDF, EPUB and Kindle. Book excerpt: Contract theory, which emphasizes the importance of unverifiable actions and private information, has been a highly active field of research in microeconomics in the last decades. This thesis is divided into two parts. Part I consists of three chapters that study contract-theoretic models which are motivated by the classic procurement problem of a principal who wants an agent to deliver a certain good or service. In such models it is typically assumed that decision makers are interested in their own monetary payoffs only. Moreover, they have unlimited cognitive abilities and behave in a perfectly rational way. Yet, in practice people often do not behave this way. While empirical research is very difficult in contract theory, laboratory experiments have recently turned out to be an important source of data. In Part II, three experimental studies are presented that investigate contract-theoretic problems brought up in Part I.
Book Synopsis Handbook of Behavioral Economics - Foundations and Applications 1 by :
Download or read book Handbook of Behavioral Economics - Foundations and Applications 1 written by and published by Elsevier. This book was released on 2018-09-27 with total page 749 pages. Available in PDF, EPUB and Kindle. Book excerpt: Handbook of Behavioral Economics: Foundations and Applications presents the concepts and tools of behavioral economics. Its authors are all economists who share a belief that the objective of behavioral economics is to enrich, rather than to destroy or replace, standard economics. They provide authoritative perspectives on the value to economic inquiry of insights gained from psychology. Specific chapters in this first volume cover reference-dependent preferences, asset markets, household finance, corporate finance, public economics, industrial organization, and structural behavioural economics. This Handbook provides authoritative summaries by experts in respective subfields regarding where behavioral economics has been; what it has so far accomplished; and its promise for the future. This taking-stock is just what Behavioral Economics needs at this stage of its so-far successful career. - Helps academic and non-academic economists understand recent, rapid changes in theoretical and empirical advances within behavioral economics - Designed for economists already convinced of the benefits of behavioral economics and mainstream economists who feel threatened by new developments in behavioral economics - Written for those who wish to become quickly acquainted with behavioral economics
Book Synopsis Essays on Household Consumption by : Matias Felix Barenstein
Download or read book Essays on Household Consumption written by Matias Felix Barenstein and published by . This book was released on 2004 with total page 374 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Essays in Psychology and Economics by : Justin Reuel Sydnor
Download or read book Essays in Psychology and Economics written by Justin Reuel Sydnor and published by . This book was released on 2006 with total page 254 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Essays on Economic Decisions Under Uncertainty by : Jacques Drèze
Download or read book Essays on Economic Decisions Under Uncertainty written by Jacques Drèze and published by CUP Archive. This book was released on 1990-05-25 with total page 460 pages. Available in PDF, EPUB and Kindle. Book excerpt: Professor Dreze is a highly respected mathematical economist and econometrician. This book brings together some of his major contributions to the economic theory of decision making under uncertainty, and also several essays. These include an important essay on 'Decision theory under moral hazard and state dependent preferences' that significantly extends modern theory, and which provides rigorous foundations for subsequent chapters. Topics covered within the theory include decision theory, market allocation and prices, consumer decisions, theory of the firm, labour contracts, and public decisions.
Book Synopsis Roads to Reference by : Mario Gómez-Torrente
Download or read book Roads to Reference written by Mario Gómez-Torrente and published by Oxford University Press. This book was released on 2019-11-28 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt: How is it that words come to stand for the things they stand for? Is the thing that a word stands for - its reference - fully identified or described by conventions known to the users of the word? Or is there a more roundabout relation between the reference of a word and the conventions that determine or fix it? Do words like 'water', 'three', and 'red' refer to appropriate things, just as the word 'Aristotle' refers to Aristotle? If so, which things are these, and how do they come to be referred to by those words? In Roads to Reference, Mario Gómez-Torrente provides novel answers to these and other questions that have been of traditional interest in the theory of reference. The book introduces a number of cases of apparent indeterminacy of reference for proper names, demonstratives, and natural kind terms, which suggest that reference-fixing conventions for them adopt the form of lists of merely sufficient conditions for reference and reference failure. He then provides arguments for a new anti-descriptivist picture of those kinds of words, according to which the reference-fixing conventions for them do not describe their reference. This book also defends realist and objectivist accounts of the reference of ordinary natural kind nouns, numerals, and adjectives for sensible qualities. According to these accounts these words refer, respectively, to 'ordinary kinds', cardinality properties, and properties of membership in intervals of sensible dimensions, and these things are fixed in subtle ways by associated reference-fixing conventions.
Download or read book The New Palgrave written by John Eatwell and published by W. W. Norton & Company. This book was released on 1990 with total page 340 pages. Available in PDF, EPUB and Kindle. Book excerpt: Each volume in this series includes a collection of authoritative essays from the New Palgrave: A Dictionary of Economics, selected by the Editors to illustrate the range and diversity of economic thought on a particular topic.
Book Synopsis Essays in Microeconomics by : Deborah Fairley Minehart
Download or read book Essays in Microeconomics written by Deborah Fairley Minehart and published by . This book was released on 1994 with total page 218 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Essays and Surveys on Multiple Criteria Decision Making by : P. Hansen
Download or read book Essays and Surveys on Multiple Criteria Decision Making written by P. Hansen and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 451 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Fifth International Conference on Multiple Criteria Decision Making, not suprisingly, had several objectives. First, it aimed at beinq a forum for exchange and intensive discussion of recent ideas on theory and practice of MCDM, following the now well-established tradition of the previous meetings in the series, organized by H. Thiriez and S. Zionts in Jouy-en-Josas (1975), S. Zionts in Buffalo (1977), G. Fandel and T. Gal in Hagen/Konigswinter (1979) and J. Morse in Newark (1980). Second, closer contacts Nere desired between participants in these meetings and other active groups in the field, prominent among which is the European Working Group on Multiple Criteria Decision Aid. Third, participation of senior or junior researchers who had recently developped important new methodolo0ies, such as the Analytical Hierarchy Process, was actively sought for. Fourth, a synthesis of the rapidly expanding field of MCDM was to be made through selective surveys by leading researchers in the various areas it comprises. Fifth, cross-fertilization and multidisciplinary research was to be encouraged through presentations on the connections between MCDM and mathematics, economics, game theory, computer science and other subjects. Sixth, much emphasis was to be given to real-world applications of MCDM, particularly large scale ones and/or pioneering work in new fields. The present volume reflects the general agreement observed among participants that these goals were largely attained.
Author :Ghita Holmström-Hintikka Publisher :Springer Science & Business Media ISBN 13 :940100630X Total Pages :282 pages Book Rating :4.4/5 (1 download)
Book Synopsis Collected Papers of Stig Kanger with Essays on his Life and Work Volume II by : Ghita Holmström-Hintikka
Download or read book Collected Papers of Stig Kanger with Essays on his Life and Work Volume II written by Ghita Holmström-Hintikka and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 282 pages. Available in PDF, EPUB and Kindle. Book excerpt: Stig Kanger (1924-1988) made important contributions to logic and formal philosophy. Kanger's dissertation Provability in Logic, 1957, contained significant results in proof theory as well as the first fully worked out model-theoretic interpretation of quantified modal logic. It is generally accepted nowadays that Kanger was one of the originators of possible worlds semantics for modal logic. Kanger's most original achievements were in the areas of general proof theory, the semantics of modal and deontic logic, and the logical analysis of the concept of rights. He also contributed to action theory, preference logic, and the theory of measurement. This is the first of two volumes dedicated to the work of Stig Kanger. The present volume is a complete collection of Kanger's philosophical papers. The second volume contains critical essays on Kanger's work, as well as biographical essays on Kanger written by colleagues and friends.
Book Synopsis Three Essays in Macroeconomics and Finance by : David Henry Bowman
Download or read book Three Essays in Macroeconomics and Finance written by David Henry Bowman and published by . This book was released on 1993 with total page 230 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Microeconomic Foundations I by : David M. Kreps
Download or read book Microeconomic Foundations I written by David M. Kreps and published by Princeton University Press. This book was released on 2013 with total page 583 pages. Available in PDF, EPUB and Kindle. Book excerpt: Provides a rigorous treatment of some of the basic tools of economic modeling and reasoning, along with an assessment of the strengths and weaknesses of these tools.
Book Synopsis Preference, Belief, and Similarity by : Amos Tversky
Download or read book Preference, Belief, and Similarity written by Amos Tversky and published by MIT Press. This book was released on 2003-11-21 with total page 1046 pages. Available in PDF, EPUB and Kindle. Book excerpt: Amos Tversky (1937–1996), a towering figure in cognitive and mathematical psychology, devoted his professional life to the study of similarity, judgment, and decision making. He had a unique ability to master the technicalities of normative ideals and then to intuit and demonstrate experimentally their systematic violation due to the vagaries and consequences of human information processing. He created new areas of study and helped transform disciplines as varied as economics, law, medicine, political science, philosophy, and statistics. This book collects forty of Tversky's articles, selected by him in collaboration with the editor during the last months of Tversky's life. It is divided into three sections: Similarity, Judgment, and Preferences. The Preferences section is subdivided into Probabilistic Models of Choice, Choice under Risk and Uncertainty, and Contingent Preferences. Included are several articles written with his frequent collaborator, Nobel Prize-winning economist Daniel Kahneman.
Book Synopsis Advances in Mathematical Economics Volume 8 by : S. Kusuoka
Download or read book Advances in Mathematical Economics Volume 8 written by S. Kusuoka and published by Springer Science & Business Media. This book was released on 2007-02-15 with total page 481 pages. Available in PDF, EPUB and Kindle. Book excerpt: A lot of economic problems can formulated as constrained optimizations and equilibration of their solutions.Various mathematical theories have been supplying economists with indispensable machineries for these problems arising in economic theory. Conversely, mathematicians have been stimulated by various mathematical difficulties raised by economic theories. The series is designed to bring together those mathematicians who were seriously interested in getting new challenging stimuli from economic theories with those economists who are seeking for effective mathematical tools for their researchers.
Book Synopsis Handbook of Real Estate and Macroeconomics by : Leung, Charles K.Y.
Download or read book Handbook of Real Estate and Macroeconomics written by Leung, Charles K.Y. and published by Edward Elgar Publishing. This book was released on 2022-06-16 with total page 480 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Handbook collects a set of academic and accessible chapters to address three questions: What should real estate economists know about macroeconomics? What should macroeconomists know about real estate? What should readers know about the interaction between real estate and macroeconomics?
