Description
Leahy (psychology, Weill-Cornell U. Medical School) presents a series of chapters that utilize the portfolio theory model of decision-making first presented by Markowitz in 1952. This theory is applied to various states, including self-limitation, pessimism, insatiability, and the development of an understanding of economic systems in children. Annotation (c) Book News, Inc., Portland, OR (booknews.com)
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This book elaborates on a multidimensional model of decision-making that applies to how individuals make "mundane decisions." Decisions about pursuing relationships, exercise, work, or anything where people might have to "invest" time or behavioral effort are examples. The author utilizes cognitive-developmental theory to understand how children and adolescents make sense of economic inequality. This modern portfolio theory model of decision-making applies economic concepts to everyday life and may help us understand why individuals differ in their willingness to take risks. It also contributes to our knowledge of personality disorders such as depression and mania. For Further Information, Please Click Here!
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