The Knowledge Ahead Approach to Risk Theory and Experimental Evidence /

• Κύριοι συγγραφείς: Pope, Robin (Συγγραφέας), Leitner, Johannes (Συγγραφέας), Leopold-Wildburger, Ulrike (Συγγραφέας)
• Συγγραφή απο Οργανισμό/Αρχή: SpringerLink (Online service)
• Μορφή: Ηλεκτρονική πηγή Ηλ. βιβλίο
• Γλώσσα: English
• Έκδοση: Berlin, Heidelberg : Springer Berlin Heidelberg, 2007.
• Σειρά: Lecture Notes in Economics and Mathematical Systems, 585
• Θέματα: Business.; Operations research.; Decision making.; Game theory.; Economic theory.; Macroeconomics.; Business and Management.; Operation Research/Decision Theory.; Economic Theory/Quantitative Economics/Mathematical Methods.; Game Theory, Economics, Social and Behav. Sciences.; Macroeconomics/Monetary Economics//Financial Economics.

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 ou...

Πίνακας περιεχομένων:

• 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.