Foundations of Rational Choice Under Risk - Tapa blanda

Anand, Paul

 
9780198774426: Foundations of Rational Choice Under Risk
Tapa blanda
ISBN 10: 0198774427 ISBN 13: 9780198774426
Editorial: OUP Oxford, 1995

Sinopsis

In this book, Paul Anand examines the normative interpretation of Subjective Expected Utility (SEU). He tests the philosophical and logical basis for associating SEU with rational choice. Decision theorists have increasingly come to accept the experimental evidence that subjects systematically violate the axiomatic assumptions of SEU, and as a result the past decade has witnessed an explosion of mathematical models that seek to capture this behaviour. A current issue is whether axioms of SEU really are canons of rationality. Anand discusses whether the new decision-theoretic models are more than just accounts of irrational behaviour.

The main themes of the book are that, empirically, SEU is false, and that normatively it imposes unnecessary constraints on rational agency. Problems with Bayesianism are introduced and it is shown that useful distinctions between risk and uncertainty (in a Keynesian sense) can be made. Some of the radical methodological changes in economics that underpin theoretical developments in decision theory and economics are also discussed.

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Acerca del autor

Paul Anand was a Research Fellow of Templeton College Oxford when the book was written and currently has affiliations to the Open University, Oxford and LSE.

"Sobre este título" puede pertenecer a otra edición de este libro.

Editorial
OUP Oxford
Año de publicación
1995
Idioma
Inglés
ISBN 10 
0198774427
ISBN 13 
9780198774426
Encuadernación
Tapa blanda
Número de páginas
176
Contacto del fabricante
no disponible
Persona responsable
gpsr@libri.de
gpsr@libri.de

Friedensallee 273
Hamburg
22763
Alemania

Otras ediciones populares con el mismo título

9780198233039: Foundations of Rational Choice Under Risk

Edición Destacada

ISBN 10:  0198233035 ISBN 13:  9780198233039
Editorial: Oxford University Press, 1993
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