The Knowledge Ahead Approach to Risk Theory and Experimental Evidence /

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...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autores principales: Pope, Robin (Autor), Leitner, Johannes (Autor), Leopold-Wildburger, Ulrike (Autor)
Autor Corporativo: SpringerLink (Online service)
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Berlin, Heidelberg : Springer Berlin Heidelberg : Imprint: Springer, 2007.
Edición:1st ed. 2007.
Colección:Lecture Notes in Economics and Mathematical Systems, 585
Temas:
Operations research.
Econometrics.
Game theory.
Macroeconomics.
Operations Research and Decision Theory.
Quantitative Economics.
Game Theory.
Macroeconomics and Monetary Economics.
Acceso en línea:Texto Completo
Tabla de Contenidos:
  • 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.

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