A SCHOLARLY BOOK REPOSITORY
This volume is a comprehensive examination of the benefits and potential pitfalls of employing prospect theory---a leading alternative to expected utility as a theory of decision under risk---to understand and explain political behavior. The collection brings together both theoretical and empirical studies, thus grounding the conclusions about prospect theory's potential for enriching political analyses in an assessment of its performance in explaining actual cases.
The theoretical chapters provide an overview of the main hypotheses of prospect theory: people frame risk-taking decisions around a reference point, they tend to accept greater risk to prevent losses than to make gains, and they often perceive the devastation of a loss as greater than the benefit of a gain. The three case studies---Roosevelt's decision-making during the Munich crisis of 1938, Carter's April 1980 decision to rescue the American hostages in Iran, and Soviet behavior toward Syria in 1966-67---generally support these hypotheses. Nevertheless, the authors are frank about potentially difficult conceptual and methodological problems, making explicit reference to alternative explanations, such as the rational actor model, which posits the maximization of expected value.
Contributors to the volume include Jack Levy, Robert Jervis, Barbara Farnham, Rose McDermott, Audrey McInerney, and Eldar Shafir.
—Publishers Weekly starred review, July 2020
In 1989, Laurence Gonzales was a young writer with his first book of essays, The Still Point, just published by the University of Arkansas Press. Imagine his surprise, one winter day, to receive a letter from none other than Kurt Vonnegut. “The excellence of your writing and the depth of your reporting saddened me, in a way,” Vonnegut wrote, “reminding me yet again what a tiny voice facts and reason have in this era of wrap-around, mega-decibel rock-and-roll.”
Several books, many articles, and a growing list of awards later, Gonzales -- known for taking us to enthralling extremes – is still writing with excellence and depth. In this latest collection, we go from the top of Mount Washington and ”the worst weather in the world,” to 12,000 feet beneath the ocean, where a Naval Intelligence Officer discovers the Titanic using the government’s own spy equipment. We experience night assaults with the 82nd Airborne Division, the dynamiting of the 100-foot snowpack on Going-to-the-Sun Road in Glacier National Park, a trip to the International Space Station, the crash of an airliner to the bottom of the Everglades, and more.
The University of Arkansas Press is proud to bring these stories to a new era, stories that, as with all of Gonzales’s work, “fairly sing with a voice all their own.” (Chicago Sun-Times)
Until the early nineteenth century, “risk” was a specialized term: it was the commodity exchanged in a marine insurance contract. Freaks of Fortune tells the story of how the modern concept of risk emerged in the United States. Born on the high seas, risk migrated inland and became essential to the financial management of an inherently uncertain capitalist future.
Focusing on the hopes and anxieties of ordinary people, Jonathan Levy shows how risk developed through the extraordinary growth of new financial institutions—insurance corporations, savings banks, mortgage-backed securities markets, commodities futures markets, and securities markets—while posing inescapable moral questions. For at the heart of risk’s rise was a new vision of freedom. To be a free individual, whether an emancipated slave, a plains farmer, or a Wall Street financier, was to take, assume, and manage one’s own personal risk. Yet this often meant offloading that same risk onto a series of new financial institutions, which together have only recently acquired the name “financial services industry.” Levy traces the fate of a new vision of personal freedom, as it unfolded in the new economic reality created by the American financial system.
Amid the nineteenth-century’s waning faith in God’s providence, Americans increasingly confronted unanticipated challenges to their independence and security in the boom and bust chance-world of capitalism. Freaks of Fortune is one of the first books to excavate the historical origins of our own financialized times and risk-defined lives.
In this rugged account of a rugged profession, Matthew Desmond explores the heart and soul of the wildland firefighter. Having joined a firecrew in Northern Arizona as a young man, Desmond relates his experiences with intimate knowledge and native ease, adroitly balancing emotion with analysis and action with insight. On the Fireline shows that these firefighters aren’t the adrenaline junkies or romantic heroes as they’re so often portrayed.
An immersion into a dangerous world, On the Fireline is also a sophisticated analysis of a high-risk profession—and a captivating read.
“Gripping . . . a masterful account of how young men are able to face down wildfire, and why they volunteer for such an enterprise in the first place.”—David Grazian, Sociological Forum
“Along with the risks and sorrow, Desmond also presents the humor and comaraderie of ordinary men performing extraordinary tasks. . . . A good complement to Norman Maclean's Young Men and Fire. Recommended.”—Library Journal
How much and in which direction have the welfare states among the Western democracies changed over the past decades? Moreover, under what conditions have governments enacted these changes? Based on insights from prospect theory, Barbara Vis demonstrates how socioeconomic or political setbacks affect a government’s view of risk—and thereby the degree and type of reform they pursue. This study’s new theoretical stance and innovative methodological approach make it a must read for those policymakers, scholars, and students interested in the politics of welfare state reform.
Taking inspiration from the questions raised by the Bulletin’s synecdochical “nuclear,” Risk Criticism aims to generate a hybrid form of critical practice that brings “nuclear criticism” into conversation with ecocriticism. Through readings of novels, films, theater, poetry, visual art, websites, news reports, and essays, Risk Criticism tracks the diverse ways in which environmental risks are understood and represented today.
Rose McDermott applies prospect theory, a theory developed by psychologists to understand decisionmaking under conditions of risk, to four cases in American foreign policy. Prospect theory suggests that decisionmakers who are confronting losses are more likely to take risks than are those decisionmakers who are satisfied with the status quo. The cases used to demonstrate this dynamic include: the Suez Crisis, the U-2 affair, the decisions surrounding the admission of the Shah of Iran to the United States in 1979, and the attempted rescue of the American hostages in Iran in 1980. McDermott shows how prospect theory enables us to understand cases that are otherwise inexplicable.
Risk Taking in International Relations offers a unique application of a sophisticated psychological model to international relations theory. The book will be of interest to political scientists and psychologists interested in decision making, in international relations and in American foreign policy.
Rose McDermott is Assistant Professor of Political Science, Cornell University.
In Risky Writing, Jeffrey Berman builds on those earlier studies, describing ways teachers can encourage college students to write safely on a wide range of subjects often deemed too personal or too dangerous for the classroom: grieving the loss of a beloved relative or friend, falling into depression, coping with the breakup of one's family, confronting sexual abuse, depicting a drug or alcohol problem, encountering racial prejudice. Berman points out that nearly everyone has difficulty talking or writing about such issues because they arouse shame and tend to be enshrouded in secrecy and silence. This is especially true for college students, who are just emerging from adolescence and find themselves at institutions that rarely promote self-disclosure.
Recognizing the controversial nature of his subject, Berman confronts academic opposition to personal writing head on. He also discusses the similarities between the "writing cure" and the "talking cure," the role of the teacher and audience in the self-disclosing classroom, and the pedagogical strategies necessary to minimize risk, including the importance of empathy and other befriending skills.
Barebacking—when gay men deliberately abandon condoms and embrace unprotected sex—has incited a great deal of shock, outrage, anger, and even disgust, but very little contemplation. Purposely flying in the face of decades of safe-sex campaigning and HIV/AIDS awareness initiatives, barebacking is unquestionably radical behavior, behavior that most people would rather condemn than understand. Thus the time is ripe for Unlimited Intimacy, Tim Dean’s riveting investigation into barebacking and the distinctive subculture that has grown around it.
Audacious and undeniably provocative, Dean’s profoundly reflective account is neither a manifesto nor an apology; instead, it is a searching analysis that tests the very limits of the study of sex in the twenty-first century. Dean’s extensive research into the subculture provides a tour of the scene’s bars, sex clubs, and Web sites; offers an explicit but sophisticated analysis of its pornography; and documents his own personal experiences in the culture. But ultimately, it is HIV that animates the controversy around barebacking, and Unlimited Intimacy explores how barebackers think about transmitting the virus—especially the idea that deliberately sharing it establishes a new network of kinship among the infected. According to Dean, intimacy makes us vulnerable, exposes us to emotional risk, and forces us to drop our psychological barriers. As a committed experiment in intimacy without limits—one that makes those metaphors of intimacy quite literal—barebacking thus says a great deal about how intimacy works.
Written with a fierce intelligence and uncompromising nerve, Unlimited Intimacy will prove to be a milestone in our understanding of sexual behavior.
A Washington Post Book of the Year
“Makes a powerful argument for building, as early as possible, the ability to stand up for what's right in the face of peer pressure, corrupt authority, and even family apathy.”
—Psychology Today
Why do so few of us intervene when we’re needed—and what would it take to make us step up? We are bombarded every day by reports of bad behavior, from the school yard to the boardroom to the halls of Congress. It’s tempting to blame bad acts on bad people, but sometimes good people do bad things. A social psychologist who has done pioneering research on student behavior on college campuses, Catherine Sanderson points to many ways in which our faulty assumptions about what other people think can paralyze us. Moral courage, it turns out, is not innate. But you can train yourself to stand up for what you believe in, and even small acts can make a big difference. Inspiring and potentially life transforming, Why We Act reveals that while the urge to do nothing is deeply ingrained, even the most hesitant would-be bystander can learn to be a moral rebel.
“From bullying on the playground to sexual harassment in the workplace, perfectly nice people often do perfectly awful things. But why? In this thoughtful and beautifully written book, Sanderson shows how basic principles of social psychology explain such behavior—and how they can be used to change it. A smart and practical guide to becoming a better and braver version of ourselves.”
—Daniel Gilbert, author of Stumbling on Happiness
“Encouraged me to persevere through many moments when it felt far easier to stop trying.”
—Washington Post
“Points to steps all of us can take to become ‘moral rebels’ whose voices can change society for the better.”
—Walter V. Robinson, former editor of the Boston Globe’s Spotlight Team
“Sanderson offers sound advice on how we can become better at doing what we know is right.”
—George Conway, cofounder of The Lincoln Project
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