The Essential Tversky

by Amos Tversky, Eldar Shafir (Editor), Michael Lewis (Foreword by), Daniel Kahneman (Afterword)

Overview

Some of the best and most influential papers by Amos Tversky, one of the most brilliant social science thinkers of the twentieth century.

Amos Tversky (1937–1996) was a towering figure in the cognitive and decision sciences. His work was ingenious, exciting, and influential, spanning topics from intuition to statistics to behavioral economics. His long and extraordinarily productive collaboration with his friend and colleague Daniel Kahneman was the subject of Michael Lewis's best-selling book, The Undoing Project: A Friendship that Changed Our Minds. The Essential Tversky offers a selection of Tversky's best, most influential and accessible papers, “classics” chosen to capture the essence of Tversky's thought.

The impact of Tversky's work is far reaching and long-lasting. In 2002, Kahneman, who drew on their joint work in his much-praised 2013 book, Thinking, Fast and Slow (and who contributes an afterword to this collection), was awarded the Nobel Prize in Economics for work done with Tversky. In The Undoing Project, Lewis (who contributes a foreword to this collection) describes his discovery that Tversky and Kahneman's thinking laid the foundation for Moneyball, his own ode to number-crunching. The papers collected in The Essential Tversky cover topics that include cognitive and perceptual bias, misguided beliefs, inconsistent preferences, risky choice and loss aversion decisions, and psychological common sense. Together, they offer nonspecialist readers an introduction to one of the most brilliant social science thinkers of the twentieth century.

Product Details

ISBN-13:	9780262535106
Publisher:	MIT Press
Publication date:	07/17/2018
Series:	The MIT Press
Pages:	400
Product dimensions:	7.00(w) x 8.90(h) x 1.00(d)
Age Range:	18 Years

About the Author

Amos Tversky (1937–1996) was a mathematical psychologist whose research in the cognitive and decision sciences has been enormously influential. From 1978 to 1996, Tversky taught at Stanford University, where he was the inaugural David-Brack Professor of Behavioral Sciences and Principal Investigator at the Stanford Center on Conflict and Negotiation.

Eldar Shafir, a student, close friend, and collaborator of Tversky's, is Class of 1987 Professor of Behavioral Science and Public Policy at Princeton University.

Table of Contents

Foreword Michael Lewis vii

Introduction Eldar Shafir ix

1 Judgment under Uncertainty: Heuristics and Biases Amos Tversky Daniel Kahneman 1

2 Extenssonal versus Intuitive Reasoning: The Conjunction Fallacy in Probability Judgment Amos Tversky Daniel Kahneman 19

3 Features of Similarity Amos Tversky 55

4 Prospect Theory: An Analysis of Decision under Risk Daniel Kahneman Amos Tversky 95

5 Rational Choice and the Framing of Decisions Amos Tversky Daniel Kahneman 127

6 Discrepancy between Medical Decisions for Individual Patients and for Groups Donald A. Redelmeier Amos Tversky 155

7 Thinking through Uncertainty: Nonconsequential Reasoning and Choice Eldar Shafir Amos Tversky 163

8 Loss Aversion in Riskless Choice: A Reference-Dependent Model Amos Tversky Daniei Kahneman 189

9 Preference and Belief: Ambiguity and Competence in Choice under Uncertainty Chip Heath Amos Tversky 211

10 Belief in the Law of Small Numbers Amos Tversky Daniel Kahneman 239

11 The Weighing of Evidence and the Determinants of Confidence Dale Griffin Amos Tversky 249

12 Ambiguity Aversion and Comparative Ignorance Craig R. Fox Amos Tversky 275

13 Support Theory: A Nonextensional Representation of Subjective Probability Amos Tversky Derek J. Koehler 293

14 Reason-Based Choice Eldar Shafir Itamar Simonson Amos Tversky 339

Afterword Daniel Kahneman 365

Index 369