Avoiding Losses/taking Risks: Prospect Theory and International ConflictUniversity of Michigan Press, 1994 - 165 sidor This volume is a comprehensive examination of the benefits and potential pitfalls of employing prospect theory---a leading alternative to expected utility as a theory of decision under risk---to understand and explain political behavior. The collection brings together both theoretical and empirical studies, thus grounding the conclusions about prospect theory's potential for enriching political analyses in an assessment of its performance in explaining actual cases. The theoretical chapters provide an overview of the main hypotheses of prospect theory: people frame risk-taking decisions around a reference point, they tend to accept greater risk to prevent losses than to make gains, and they often perceive the devastation of a loss as greater than the benefit of a gain. The three case studies---Roosevelt's decision-making during the Munich crisis of 1938, Carter's April 1980 decision to rescue the American hostages in Iran, and Soviet behavior toward Syria in 1966-67---generally support these hypotheses. Nevertheless, the authors are frank about potentially difficult conceptual and methodological problems, making explicit reference to alternative explanations, such as the rational actor model, which posits the maximization of expected value. Contributors to the volume include Jack Levy, Robert Jervis, Barbara Farnham, Rose McDermott, Audrey McInerney, and Eldar Shafir. |
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... president still had no thought of intervening to prevent it . According to Ickes ' account , as late as the afternoon of September 23 , there was " no doubt of the President's desire to avoid any embroilment in European quarrels ...
... president to arbitrate . Hull disliked this idea . ( In fact he opposed sending any appeal whatever . ) Along with Normal Davis , he was also against the somewhat less extreme step of a tender of good offices ( according to Hull , he ...
... president met with Welles , Hull , and Berle to work on this draft . There followed a two - hour session which has been graphical- ly depicted by Alsop and Kintner : " The President worked at his littered desk , smoking incessantly and ...
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Contents | 1 |
Political Implications of Loss Aversion | 19 |
Insights | 39 |
Upphovsrätt | |
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Avoiding Losses/taking Risks: Prospect Theory and International Conflict Barbara Farnham Begränsad förhandsgranskning - 1994 |
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