or
Sign in to turn on 1-Click ordering.
or
Amazon Prime free trial required. Sign up when you check out. Learn more
More Buying Choices
Have one to sell? Sell yours here
or
Get a £14.00 Amazon.co.uk Gift Card
Choices, Values, and Frames
 
 
Tell the Publisher!
I’d like to read this book on Kindle

Don't have a Kindle? Get your Kindle here, or download a FREE Kindle Reading App.

Choices, Values, and Frames [Paperback]

Daniel Kahneman , Amos Tversky
5.0 out of 5 stars  See all reviews (2 customer reviews)
RRP: £46.00
Price: £41.01 & this item Delivered FREE in the UK with Super Saver Delivery. See details and conditions
You Save: £4.99 (11%)
o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o
In stock.
Dispatched from and sold by Amazon.co.uk. Gift-wrap available.
Only 6 left in stock--order soon (more on the way).
Want guaranteed delivery by Saturday, February 11? Choose Express delivery at checkout. See Details

Formats

Amazon Price New from Used from
Hardcover --  
Paperback £41.01  
Trade In this Item for up to £14.00
Trade in Choices, Values, and Frames for an Amazon.co.uk gift card of up to £14.00, which you can then spend on millions of items across the site. Trade-in values may vary (terms apply). Find more products eligible for trade-in.

Frequently Bought Together

Choices, Values, and Frames + Heuristics and Biases: The Psychology of Intuitive Judgment + Thinking, Fast and Slow
Price For All Three: £91.65

Show availability and delivery details

Buy the selected items together


Product details

  • Paperback: 860 pages
  • Publisher: Cambridge University Press (25 Sep 2000)
  • Language English
  • ISBN-10: 0521627494
  • ISBN-13: 978-0521627498
  • Product Dimensions: 23.5 x 15.6 x 3.1 cm
  • Average Customer Review: 5.0 out of 5 stars  See all reviews (2 customer reviews)
  • Amazon Bestsellers Rank: 28,982 in Books (See Top 100 in Books)
  • See Complete Table of Contents

More About the Authors

Discover books, learn about writers, and more.

Product Description

Review

' … full of great articles, including many of the most important ever written about decision research … More than compensating for any shortcomings is a fascinating and moving introduction written by Kahneman about his collaboration with Tversky. This is inspiring stuff. Even if you already have most of the articles from the book in your file drawer, it is worth getting just for this introduction.' Journal of Behavioural Decision Making

Product Description

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.

Inside This Book (Learn More)
First Sentence
ABSTRACT. We discuss the cognitive and the psychophysical determinants of choice in risky and riskless contexts. Read the first page
Explore More
Concordance
Browse Sample Pages
Front Cover | Copyright | Table of Contents | Excerpt | Index | Back Cover
Search inside this book:

Tags Customers Associate with This Product

 (What's this?)
Click on a tag to find related items, discussions, and people.
 

Your tags: Add your first tag
 

Sell a Digital Version of This Book in the Kindle Store

If you are a publisher or author and hold the digital rights to a book, you can sell a digital version of it in our Kindle Store. Learn more


 

Customer Reviews

2 Reviews
5 star:
 (2)
4 star:    (0)
3 star:    (0)
2 star:    (0)
1 star:    (0)
 
 
 
 
 
Average Customer Review
5.0 out of 5 stars (2 customer reviews)
 
 
 
 
Share your thoughts with other customers:
Most Helpful Customer Reviews

2 of 3 people found the following review helpful:
5.0 out of 5 stars Very Interesting, 28 Jan 2011
This review is from: Choices, Values, and Frames (Paperback)
A certain kind of person will find this book very interesting. I recommend to students of behavioural finance at the recreative and academic level.
Help other customers find the most helpful reviews 
Was this review helpful to you? Yes No


16 of 23 people found the following review helpful:
5.0 out of 5 stars Wonderful source-book for behavioural finance, 9 May 2001
By 
Mr. Jonathan Headland (UK) - See all my reviews
(REAL NAME)   
This review is from: Choices, Values, and Frames (Paperback)
Words almost fail me. This book is a real joy to possess. Containing an unsurpassed collection of classic papers on behavioural finance and the psychology of choice, it's invaluable for any investor, marketer, consumer or manager.
Help other customers find the most helpful reviews 
Was this review helpful to you? Yes No

Share your thoughts with other customers: Create your own review
Most Helpful Customer Reviews on Amazon.com (beta)
Amazon.com: 4.6 out of 5 stars (13 customer reviews)

64 of 64 people found the following review helpful:
5.0 out of 5 stars SIGNIFICANT ADVANCES IN ECONOMICS THAT LED TO NOBEL PRIZE, 15 July 2003
By Denis Benchimol Minev "Amazonia" - Published on Amazon.com
This review is from: Choices, Values, and Frames (Paperback)
Kahneman and Tversky's compilation of articles in this book is an outstanding exposition of recent advances in cognitive psychology, especially advances associated with prospect theory. The work presented in this volume is largely responsible for the authors being awarded the Nobel Prize (Tversky died before receiving it).

The text is somewhat dense at parts, being aimed at economists and psychologists with some mathematical familiarity. However, the portions of the book that require much mathematics can safely be bypassed without losing much of the substance of the text. This text is the most credible presentation of an alternative theory to the rational actor theory usually assumed in economics. For example, some of the articles help explain the magnitude of the equity return premium, or help show how people make choices differently in similar situations based simply on the way the situation is presented.

I would highly recommend this book to anyone interested in decision making theory, especially as it relates to consumer behavior. It is a brilliant volume that includes the most important articles by the leading mind in the field.


61 of 65 people found the following review helpful:
5.0 out of 5 stars The Cutting Edge of Behavioral Decision Theory, 24 Aug 2001
By Herbert Gintis - Published on Amazon.com
This review is from: Choices, Values, and Frames (Paperback)
Daniel Kahneman and Amos Tversky have spent their whole lives developing an alternative to the "rational actor" model of human decision-making, the standard of traditional economic theory and the decision sciences. Their ideas were received rather well from the start, but in recent years, their alternative, which we can fairly call "behavioral economics" has virtually displaced traditional decision theory as an active research area.

People often think of the Kahneman-Tversky behaviorists as "bomb-throwers" in the sense that they appear to love to destroy traditional concepts of rationality rather that put constructive models in their place. This collection, which consists of 42 very high quality essays by the leading lights of the field, shows clearly that this is not the case. Prospect theory, loss aversion, framing effets, status quo effect, and the like are carefully modeled in this book. I came away quite impressed.

It is a shame that Amos Tversky never lived to see the light of day of this fine volume. It is certainly a vigorous vindication of his lifetime research agenda.


40 of 45 people found the following review helpful:
5.0 out of 5 stars Choices, Values and Frames, 2 Dec 2001
By P. Hawley - Published on Amazon.com
This review is from: Choices, Values, and Frames (Paperback)
A definitive text. Choices, Values and Frames is no casual read but is a first class exposition of the basics in this area of cognitive psychology. I read it from the perspective of a healthcare practitioner trying to understand more about why 'risk' judgements seem so variable and subjective. The insights gained from Choices, Values and Frames have already modified my behaviour.

The only weakness of the text is that it assumes that the reader has reasonable literacy in manipulating abstract mathematical concepts. More exposition would have been appreciated here. However, even if one does not understand the more 'mathematical' sections the book as a whole is still an engaging exposition of how humans process decisions under risk and uncertainty.

A 'must read' for anybody seriously interested in, but unfamiliar with, this area of cognitive psychology

 Go to Amazon.com to see all 13 reviews  4.6 out of 5 stars 
Were these reviews helpful?   Let us know
 
 
Only search this product's reviews



Customer Discussions

This product's forum
Discussion Replies Latest Post
No discussions yet

Ask questions, Share opinions, Gain insight
Start a new discussion
Topic:
First post:
Prompts for sign-in
 

Search Customer Discussions
Search all Amazon discussions
   


Listmania!


Look for similar items by category


Look for similar items by subject


Feedback


Amazon.co.uk Privacy Statement Amazon.co.uk Delivery Information Amazon.co.uk Returns & Exchanges