Includes bibliographical references (pages 215-242) and index.
Contents
Table of Contents; Tables and figures; Acknowledgements; 1. The puzzle and its pieces; 2. Fuzzy-set analysis; 3. Radical change or much ado about nothing?; 4. Which governments pursue reform and how much?; 5. What existing theories have to off er and why they fail; 6. Bringing in prospect theory; 7. Politics of risk-taking; 8. Risk-taking in welfare reform: Summary and implications; Appendices; Notes; References; Index.
Summary
Based on insights from prospect theory, a psychological theory of choice under risk, Vis demonstrates ably that the context in which governments find themselves (losses or gains) affects their attitude towards risk and thereby the degree and type of refor.
Local Note
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