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Psychology Press - Utility of Gains and Losses Monograph

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Description

Explore the deep behavioral properties of human decision-making with this specialized monograph from Psychology Press. Part of the Scientific Psychology Series, this work provides a comprehensive look at how individuals make selections among various alternatives and how these choices result in numerical representations of preferences. This text summarizes over 10 years of research conducted by Dr. Luce on utility theory. It offers a unique look at the historical perspective of the field while providing modern theoretical formulations. Readers will find a detailed examination of axiomatic theories and experimental designs created to test specific individual assumptions. By analyzing how numerical representations derived from theory fit various bodies of data, this book serves as a vital resource for those studying the measurement-theoretical and experimental approaches to gains and losses. It is an essential addition to any academic collection focused on the intersection of psychology and economic theory.

Key Features

Summarizes over 10 years of dedicated research by Dr. Luce regarding utility theory and behavioral properties.

Provides axiomatic theoretical formulations to help understand how preferences lead to numerical representations.

Includes specific experiments designed to test individual assumptions in selection processes.

Offers detailed analyses of how numerical representations derived from theory fit existing bodies of data.

Places research in a historical perspective to show the evolution of utility theory and decision-making studies.

Product Specifications

Format
hardcover
Domain
Amazon UK
Release Date
01 December 1999
Listed Since
23 December 2006

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