ECO-4106 Study Guide - Midterm Guide: Intertemporal Choice, Daniel Kahneman, Prospect Theory
Document Summary
Predictably )rrational, chapter 8: (cid:498)(igh price of ownership. Kahneman, knetsch, and thaler - anomalies: the endowment effect, loss aversion, and the status quo bias. Background: ariely, loewenstein, and prelec - coherent arbitrariness (anchoring paper described in chapter 2. Tversky and kahneman - extensional versus intuitive reasoning: the conjunction. Tversky and kahneman - judgment under uncertainty: heuristics and biases. Background: camerer and lovallo - overconfidence and excess entry. Forsythe, horowitz, savin, and sefton - fairness in simple bargaining experiments 18. Berg, dickhaut, and mccabe - trust, reciprocity, and social history. Kahneman, knetsch, and thaler - fairness as a constraint on profit seeking. Dana, weber, and kuang - exploiting moral wiggle room. Hamman, loewenstein, and weber - self-interest through delegation. Abbink and herrmann - the moral cost of nastiness. Background: collins, hamman, and lightle - market interaction and prosocial behavior23. Lerner, small, and loewenstein - heart strings and purse strings. Ariely - predictably irrational, chapter 6: the influence of arousal.
