Ebook245 pages2 hours
Prospect Theory: Decoding Choice, a Journey into Prospect Theory
By Fouad Sabry
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About this ebook
What is Prospect Theory
Prospect theory is a theory of behavioral economics, judgment, and decision making that was established by Daniel Kahneman and Amos Tversky in 1979. Prospect theory was named after the aforementioned scholars. The theory was taken into consideration when Kahneman was selected to receive the Nobel Memorial Prize in Economics in the year 2002.
How you will benefit
(I) Insights, and validations about the following topics:
Chapter 1: Prospect theory
Chapter 2: Behavioral economics
Chapter 3: Risk aversion
Chapter 4: Decision theory
Chapter 5: Loss aversion
Chapter 6: Expected utility hypothesis
Chapter 7: Mental accounting
Chapter 8: Allais paradox
Chapter 9: Stochastic dominance
Chapter 10: Cumulative prospect theory
Chapter 11: Merton's portfolio problem
Chapter 12: Rank-dependent expected utility
Chapter 13: Lévy-Prokhorov metric
Chapter 14: Choquet integral
Chapter 15: Von Neumann-Morgenstern utility theorem
Chapter 16: Certainty effect
Chapter 17: End-of-the-day betting effect
Chapter 18: Mean-field game theory
Chapter 19: Risk aversion (psychology)
Chapter 20: Priority heuristic
Chapter 21: Uncertainty effect
(II) Answering the public top questions about prospect theory.
(III) Real world examples for the usage of prospect theory in many fields.
Who this book is for
Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Prospect Theory.
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