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For Risk and Ambiguity (Epub & Pdf)

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Prospect Theory: For Risk and Ambiguity by Peter P. Wakker Details

Probability theory: For risks and ambiguity, it provides a comprehensive and easily accessible written approach to decision making, whether we have the statistical probabilities associated with uncertain future events (risk)…

Prospect Theory synopsis

Probability theory: For risks and ambiguity, it provides a comprehensive and easily accessible written approach to decision making, whether we have the statistical probabilities associated with uncertain future events (risk) and when we miss them (ambiguity). The book presents models, primarily probability theory, which are both tractable and psychologically realistic. The view is selected that makes the experimental meaning of each theoretical model completely transparent.

Prospect's theory contains many applications in a wide range of disciplines. The materials are carefully organized in the book to allow readers to identify paths through the book related to their own interests.

With many exercises and practical examples, the book is ideally suited to the needs of students studying the theory of decision in economics, mathematics, finance, psychology, management science, health, computer science, Bayes statistics, and engineering.



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