, ,

The Knowledge Ahead Approach to Risk

Theory and Experimental Evidence

Specificaties
Paperback, 232 blz. | Engels
Springer Berlin Heidelberg | 2007e druk, 2006
ISBN13: 9783540384724
Rubricering
Juridisch :
Springer Berlin Heidelberg 2007e druk, 2006 9783540384724
Verwachte levertijd ongeveer 9 werkdagen

Samenvatting

This book is written for those seeking a decision theory appropriate for use in serious choices such as insurance. It employs stages of knowledge ahead to track satisfactions and dissatisfactions. From experimental and questionnaire data, people take into account such stages of knowledge ahead satisfactions and dissatisfactions. This means we must go beyond standard decision theories like expected utility or cumulative prospect theory.

Specificaties

ISBN13:9783540384724
Taal:Engels
Bindwijze:paperback
Aantal pagina's:232
Uitgever:Springer Berlin Heidelberg
Druk:2007

Inhoudsopgave

Theory and Methodology.- A Serious Specific Scenario for a Serious Risky Choice Theory.- What Expected Utility Theory Really Is: What Its Notion of Risk Aversion Excludes.- Primary and Secondary Satisfactions.- The von Neumann-Morgenstern Contradiction When Including Secondary Satisfactions Solved with Stages of Knowledge.- Material Secondary Satisfactions and Planning.- Misconceptions About Secondary Satisfactions.- Biases in Experimental Set-ups That Ignore Secondary Satisfactions.- SKAT, The Stages of Knowledge Ahead Theory.- Self Reports Versus Scientists’ Own Introspection and Related Reliability Issues.- Experiments.- Participants and Their Choices.- Willingness to Pay Compared with Choices in a Dictated Choice Set.- The Role of Secondary Satisfactions.- Algorithms Versus Global Maximising Procedures.- Insurance Provision by Governments and Firms.- Summary and Directions for Further Research.

Net verschenen

Rubrieken

Populaire producten

    Personen

      Trefwoorden

        The Knowledge Ahead Approach to Risk