amos tvesky – manwithoutqualities

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May 16, 2014behavioral economics

Real World Decision Making: An Encyclopaedia of Behavioral Economics

Coming soon. amos tveskyBehavioral economicsbrain imagingcomplexityDaniel KahnemanDecision makingFriedrich HayekHerbert SimonmdiMichael Oakeshottmorris altmanneuroplasticityReal World Decision Making: An Encyclopaedia of Behavioral Economicssituated cognitionSpontaneous orderthe pretense of knowledge

February 7, 2014mri, neuroscience

Risky business

A new article in the latest issue of the PNAS entitled “Predicting risky choices from brain activity patterns“ (h/t to Shannon Selin). This study reminds me of Daniel Kahneman and Amos Tversky’s work: Prospect theory concerns the psychophysics of wealth utility: that is, the perceived tradeoffs between potential outcomes and the probability of some outcome occurring. Kahneman…