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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EAN: 9780521741231
UPC: 9780521741231
ISBN: 9780521741231
MPN: N/A
Book Title: Theory of Decision under Uncertainty (Econometric
Item Length: 22.6 cm
Number of Pages: 230 Pages
Language: English
Publication Name: Theory of Decision under Uncertainty
Publisher: Cambridge University Press
Publication Year: 2009
Subject: Economics, Mathematics
Item Height: 226 mm
Item Weight: 320 g
Type: Textbook
Author: Itzhak Gilboa
Item Width: 150 mm
Format: Paperback
