Choices, values, and frames
by Daniel Kahneman, Amos Tversky · first published 1985
67% recommend33% neutral
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,
Affiliate links. As an Amazon Associate I earn from qualifying purchases.
Those interested in the (extensive) science of framing biases in human reasoning will want to consult Kahneman and Tversky's classic "Choices, Values, and Frames": http://amzn.com/0521627494 Yes, it's dry and scholarly and will require that you relearn basic statistics. You want to read it anyway.
on “Survey says: gays & lesbians preferred over homosexuals in military” ↗…(Cambridge Handbooks in Psychology) by Ericsson, Charness, Feltovich & Hoffman - Minds, Brains and Computers - The Foundations of Cognitive Science: An Anthology (Blackwell Philosophy Anthologies) - Choices, Values, and Frames by Kahneman & Tversky The Sciences of the Artificial is a small but deep book by Herbert Simon, who is considered a key figure in founding the study of these areas (http://en.wikipedia.org/wiki/Herbert_Simon…
on “Ask HN: What books to read on developing mental models and increasing cognition?” ↗…reading "Thinking, Fast and Slow". I created a simple game to give a simple demonstration of how we are often biased in making choices. If you are interested you can go into that reading this paper Choices, Values, and Frames: http://web.missouri.edu/~segerti/capstone/choicesvalues.pdf and this article: https://en.wikipedia.org/wiki/Loss_aversion The game consists of choosing between two different bets. If you want to see…
on “Show HN: Can You Beat the Machine?” ↗