9780521741231-0521741238-Theory of Decision under Uncertainty (Econometric Society Monographs, Series Number 45)

Theory of Decision under Uncertainty (Econometric Society Monographs, Series Number 45)

ISBN-13: 9780521741231
ISBN-10: 0521741238
Edition: 1
Author: Itzhak Gilboa
Publication date: 2009
Publisher: Cambridge University Press
Format: Paperback 230 pages
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Book details

ISBN-13: 9780521741231
ISBN-10: 0521741238
Edition: 1
Author: Itzhak Gilboa
Publication date: 2009
Publisher: Cambridge University Press
Format: Paperback 230 pages

Summary

Theory of Decision under Uncertainty (Econometric Society Monographs, Series Number 45) (ISBN-13: 9780521741231 and ISBN-10: 0521741238), written by authors Itzhak Gilboa, was published by Cambridge University Press in 2009. With an overall rating of 4.1 stars, it's a notable title among other Microeconomics (Economics) books. You can easily purchase or rent Theory of Decision under Uncertainty (Econometric Society Monographs, Series Number 45) (Paperback) from BooksRun, along with many other new and used Microeconomics books and textbooks. And, if you're looking to sell your copy, our current buyback offer is $8.66.

Description

This book describes the classical axiomatic theories of decision under uncertainty, as well as critiques thereof and alternative theories. It focuses on the meaning of probability, discussing some definitions and surveying their scope of applicability. The behavioral definition of subjective probability serves as a way to present the classical theories, culminating in Savage's theorem. The limitations of this result as a definition of probability lead to two directions - first, similar behavioral definitions of more general theories, such as non-additive probabilities and multiple priors, and second, cognitive derivations based on case-based techniques.

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