Topic 3
Learning materials ‘handout’
w19: Prospect theory (part 2) [pdf]
Main reading
Ariely, D (2010), The upside of irrationality, London: Harper Collins
Barberis, N (2013), Thirty Years of Prospect Theory in Economics: A Review and Assessment, Journal of Economic Perspectives, V27 No 1, Winter, pp173–196
Camerer, C and Loewenstein, G (2004), Behavioral Economics: Past, Present and Future [pdf], in Camerer, Loewenstein and Rabin (eds) (2004), Advances in Behavioral Economics, New York: Princeton University Press
DellaVigna, S (2009), Psychology and Economics: Evidence from the Field, Journal of Economic Literature, v47 i2 pp315-372
* Kahneman, D and Tversky, A (1979), Prospect Theory: An Analysis of Decision under Risk, Econometrica, Vol. 47, No. 2. (Mar.), pp. 263-292.
Poundstone, William (2010), Priceless: the myth of fair value (and how to take advantage of it), New York: Hill & Wang
Wilkinson, N and Klaes, M (2012), An Introduction to Behavioral Economics (2nd ed), Basingstoke: Palgrave-MacMillan
