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Amos Tversky

Researcher at Stanford University

Publications -  189
Citations -  264472

Amos Tversky is an academic researcher from Stanford University. The author has contributed to research in topics: Heuristics & Expected utility hypothesis. The author has an hindex of 105, co-authored 189 publications receiving 250444 citations. Previous affiliations of Amos Tversky include University of Waterloo & Center for Advanced Study in the Behavioral Sciences.

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Book ChapterDOI

Prospect theory: an analysis of decision under risk

TL;DR: In this paper, the authors present a critique of expected utility theory as a descriptive model of decision making under risk, and develop an alternative model, called prospect theory, in which value is assigned to gains and losses rather than to final assets and in which probabilities are replaced by decision weights.
Book

Judgment Under Uncertainty: Heuristics and Biases

TL;DR: The authors described three heuristics that are employed in making judgements under uncertainty: representativeness, availability of instances or scenarios, and adjustment from an anchor, which is usually employed in numerical prediction when a relevant value is available.
Journal ArticleDOI

The Framing of Decisions and the Psychology of Choice

TL;DR: The psychological principles that govern the perception of decision problems and the evaluation of probabilities and outcomes produce predictable shifts of preference when the same problem is framed in different ways.
Journal ArticleDOI

Advances in prospect theory: cumulative representation of uncertainty

TL;DR: Cumulative prospect theory as discussed by the authors applies to uncertain as well as to risky prospects with any number of outcomes, and it allows different weighting functions for gains and for losses, and two principles, diminishing sensitivity and loss aversion, are invoked to explain the characteristic curvature of the value function and the weighting function.