Asian Disease-type of Framing of Outcomes as an Historical Curiosity

Dorian Jullien

1 citations0/0 files storedRePEc: Research Papers in Economics

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Decision-Making and Behavioral Economics Economic and Environmental Valuation Experimental Behavioral Economics Studies

Abstract

This paper discusses the ways by which a certain type of behavioral deviation from expected utility theory has been handled by psychologists and economists. With respect to the historical background of decision theory in economics, it is argued that there are good reasons for more theoretical developments from this behavioral deviation.

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1988Prospect theory: An analysis of decision under risk 1975Judgment under Uncertainty: Heuristics and Biases 1975How To Do Things With Words 1981The Framing of Decisions and the Psychology of Choice 2019Theory of games and economic behavior 1992Advances in prospect theory: Cumulative representation of uncertainty 2011Thinking, Fast and Slow 2008Nudge: improving decisions about health, wealth, and happiness

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