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Rational Choice
  • Language: en
  • Pages: 177

Rational Choice

  • Type: Book
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  • Published: 2012-08-17
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  • Publisher: MIT Press

A nontechnical, concise, and rigorous introduction to the rational choice paradigm, focusing on basic insights applicable in fields ranging from economics to philosophy. This book offers a rigorous, concise, and nontechnical introduction to some of the fundamental insights of rational choice theory. It draws on formal theories of microeconomics, decision making, games, and social choice, and on ideas developed in philosophy, psychology, and sociology. Itzhak Gilboa argues that economic theory has provided a set of powerful models and broad insights that have changed the way we think about everyday life. He focuses on basic insights of the rational choice paradigm—the general conceptualizat...

Theory of Decision Under Uncertainty
  • Language: en
  • Pages: 216

Theory of Decision Under Uncertainty

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.

Making Better Decisions
  • Language: en
  • Pages: 235

Making Better Decisions

Making Better Decisions introduces readers to some of the principal aspects of decision theory, and examines how these might lead us to make better decisions. Introduces readers to key aspects of decision theory and examines how they might help us make better decisions Presentation of material encourages readers to imagine a situation and make a decision or a judgment Offers a broad coverage of the subject including major insights from several sub-disciplines: microeconomic theory, decision theory, game theory, social choice, statistics, psychology, and philosophy Explains these insights informally in a language that has minimal mathematical notation or jargon, even when describing and interpreting mathematical theorems Critically assesses the theory presented within the text, as well as some of its critiques Includes a web resource for teachers and students

Uncertainty in Economic Theory
  • Language: en
  • Pages: 584

Uncertainty in Economic Theory

  • Type: Book
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  • Published: 2004-08-02
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  • Publisher: Routledge

This volume brings together important papers, coupled with new introductions, in the massively influential area of uncertainty in economic theory. Seminal papers are available together for the first time in book format, with new introductions and under the steely editorship of Itzhak Gilboa - this book is a useful reference tool for economists all over the globe.

A Theory of Case-Based Decisions
  • Language: en
  • Pages: 214

A Theory of Case-Based Decisions

This work, a paradigm for modelling decision-making under uncertainty, describes the general theory and its relationship to planning, repeated choice problems, inductive inference, and learning; and highlights its mathematical and philosophical foundations.

Analogies and Theories
  • Language: en
  • Pages: 193

Analogies and Theories

The book deals with the way economic agents reason about uncertainty. It is thus at the foundations of economic theory, touching upon general issues that are common also to statistics, philosophy, psychology, and artificial intelligence. Two modes of reasoning are at the heart of the discussion: reasoning by general rules, or theories, and reasoning by analogies to specific cases. The book offers mathematical models of each type of reasoning, and a unifiedmodel that captures both, in a way that allows a formal analysis of modes of reasoning and their evolution.

A Note on Utility in Case-based Decision Theory
  • Language: en
  • Pages: 36

A Note on Utility in Case-based Decision Theory

  • Type: Book
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  • Published: 1999
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  • Publisher: Unknown

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Cognitive Processes and Economic Behaviour
  • Language: en
  • Pages: 263

Cognitive Processes and Economic Behaviour

  • Type: Book
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  • Published: 2012-12-06
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  • Publisher: Routledge

In recent years the understanding of the cognitive foundations of economic behavior has become increasingly important. This volume contains contributions from such leading scholars as Adam Brandenburger, Michael Bacharach and Patrick Suppes. It will be of great interest to academics and researchers involved in the field of economics and psychology as well as those interested in political economy more generally.

Uncertainty in Economic Theory
  • Language: en
  • Pages: 584

Uncertainty in Economic Theory

"This is the first collection to include chapters on this topic, and it can thus serve as an introduction to researchers who are new to the field as well as a graduate course textbook. With this goal in mind, the book contains survey introductions that are aimed at a graduate level student, and help explain the main ideas, and put them in perspective."--BOOK JACKET.