9780813375533-0813375533-Notes On The Theory Of Choice (Underground Classics in Economics)

Notes On The Theory Of Choice (Underground Classics in Economics)

ISBN-13: 9780813375533
ISBN-10: 0813375533
Author: Kreps, David
Publication date: 1988
Publisher: Westview Press
Format: Paperback 227 pages
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Book details

ISBN-13: 9780813375533
ISBN-10: 0813375533
Author: Kreps, David
Publication date: 1988
Publisher: Westview Press
Format: Paperback 227 pages

Summary

Acknowledged authors Kreps, David wrote Notes On The Theory Of Choice (Underground Classics in Economics) comprising 227 pages back in 1988. Textbook and eTextbook are published under ISBN 0813375533 and 9780813375533. Since then Notes On The Theory Of Choice (Underground Classics in Economics) textbook was available to sell back to BooksRun online for the top buyback price of $ 6.78 or rent at the marketplace.

Description

In this book, Professor Kreps presents a first course on the basic models of choice theory that underlie much of economic theory. This course, taught for several years at the Graduate School of Business, Stanford University, gives the student an introduction to the axiomatic method of economic analysis, without placing too heavy a demand on mathematical sophistication.The course begins with the basics of choice and revealed preference theory and then discusses numerical representations of ordinal preference. Models with uncertainty come next: First is von Neumann–Morgenstern utility, and then choice under uncertainty with subjective uncertainty, using the formulation of Anscombe and Aumann, and then sketching the development of Savage's classic theory. Finally, the course delves into a number of special topics, including de Finetti's theorem, modeling choice on a part of a larger problem, dynamic choice, and the empirical evidence against the classic models.

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