Judgement

Abstract: Preface to the English-Language Edition Introduction Part 1: A Social Critique of the Judgement of Taste 1. The Aristocracy of Culture Part 2: The Economy of Practices 2. The Social Space and its Transformations 3. The Habitus and the Space of Life-Styles 4. The Dynamics of Fields Part 3: Class Tastes and Life-Styles 5. The Sense of Distinction 6. Cultural Good Will 7. The Choice of the Necessary 8. Culture and Politics Conclusion: Classes and Classifications Postscript: Towards a 'Vulgar' Critique of 'Pure' Critiques Appendices Notes Credits Index

Abstract: This book presents the definitive exposition of 'prospect theory', a compelling alternative to the classical utility theory of choice. Building on the 1982 volume, Judgement Under Uncertainty, this book brings together seminal papers on prospect theory from economists, decision theorists, and psychologists, including the work of the late Amos Tversky, whose contributions are collected here for the first time. While remaining within a rational choice framework, prospect theory delivers more accurate, empirically verified predictions in key test cases, as well as helping to explain many complex, real-world puzzles. In this volume, it is brought to bear on phenomena as diverse as the principles of legal compensation, the equity premium puzzle in financial markets, and the number of hours that New York cab drivers choose to drive on rainy days. Theoretically elegant and empirically robust, this volume shows how prospect theory has matured into a new science of decision making.

Abstract: The probability sampling techniques used for quantitative studies are rarely appropriate when conducting qualitative research. This article considers and explains the differences between the two approaches and describes three broad categories of naturalistic sampling: convenience, judgement and theoretical models. The principles are illustrated with practical examples from the author's own research.