Theory of Decision under Uncertainty

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9780521741231: 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.

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Recensione:

'This is a fantastic book. It presents an intelligent, rigorous, and thought-provoking treatment of the theory of choice under uncertainty. The combination of philosophical and mathematical approaches is a treat. Graduate students and professional economists alike have much to learn from this book.' Daron Acemoglu, Massachusetts Institute of Technology

'This is a beautifully written book that I recommend to anyone who is interested in understanding the 'what,' 'how,' and 'why' of decision theory. The balance between conceptual issues, formalism, and philosophical underpinnings is unique. It will become a standard reference and text.' Larry Epstein, Boston University

'With his seminal works, Itzhak Gilboa is one of the leading figures in the 'neoclassical' decision theory that in the past 20 years has considerably expanded the scope of the classical theory pioneered by de Finetti, Ramsey, Savage, and von Neumann. This book provides a superb and much-needed introduction to this exciting research area.' Massimo Marinacci, Collegio Carlo Alberto, Italy

'At the heart of most economic analysis is a description of how individuals make decisions. There have been fundamental advances in our understanding of decision making in recent years, and this book provides an extremely accessible explanation of the current state of the field. Perhaps more importantly, it lays out the conceptual underpinnings of decision theory: why the various assumptions in modeling decision making are made and how they affect economic predictions.' Andrew Postlewaite, University of Pennsylvania

'Expected utility theory underlies most of statistics, economics, and finance. But are utility functions and probabilities all that we need to formulate wise decisions? And where do utility functions and probabilities come from? Written by the distinguished creator of new decision theories Itzhak Gilboa, Decision Theory under Uncertainty is a beautifully written critical account of decision theory that answers these and other important questions. Gilboa's work opens doors for both theorists and applied workers.' Thomas Sargent, New York University

'[Gilboa] provides a textbook, but mathematically sophisticated, treatment of the recent developments in Choquet expected utility theory, prospect theory, and maxmin expected utility theory.' History of Economic Thought and Policy

Descrizione del libro:

This book describes classical axiomatic theories of decision under uncertainty, critiques thereof, and alternative theories. It discusses the meaning of probability, focusing on the behavioral definition of subjective probability by Savage's theorem. It presents non-additive and multiple prior theories, as well as the case-based approach to the formation of beliefs.

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Itzhak Gilboa
Editore: CAMBRIDGE UNIVERSITY PRESS, United Kingdom (2010)
ISBN 10: 0521741238 ISBN 13: 9780521741231
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Descrizione libro CAMBRIDGE UNIVERSITY PRESS, United Kingdom, 2010. Paperback. Condizione libro: New. 226 x 152 mm. Language: English . Brand New Book. 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. Codice libro della libreria AAZ9780521741231

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Itzhak Gilboa
Editore: Cambridge University Press
ISBN 10: 0521741238 ISBN 13: 9780521741231
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Descrizione libro Cambridge University Press. Paperback. Condizione libro: new. BRAND NEW, Theory of Decision Under Uncertainty, Itzhak Gilboa, 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. Codice libro della libreria B9780521741231

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Itzhak Gilboa
Editore: CAMBRIDGE UNIVERSITY PRESS, United Kingdom (2010)
ISBN 10: 0521741238 ISBN 13: 9780521741231
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Descrizione libro CAMBRIDGE UNIVERSITY PRESS, United Kingdom, 2010. Paperback. Condizione libro: New. 226 x 152 mm. Language: English . Brand New Book. 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. Codice libro della libreria AAZ9780521741231

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Gilboa, Itzhak
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Descrizione libro Condizione libro: New. Depending on your location, this item may ship from the US or UK. Codice libro della libreria 97805217412310000000

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Descrizione libro Cambridge University Press, 2009. PAP. Condizione libro: New. New Book. Shipped from US within 10 to 14 business days. THIS BOOK IS PRINTED ON DEMAND. Established seller since 2000. Codice libro della libreria IQ-9780521741231

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Descrizione libro Cambridge University Press 2009-03-16, Cambridge, 2009. paperback. Condizione libro: New. Codice libro della libreria 9780521741231

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Descrizione libro Paperback. Condizione libro: New. Not Signed; 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 probabi. book. Codice libro della libreria ria9780521741231_rkm

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Descrizione libro Cambridge University Press, 2009. Condizione libro: New. 2009. 1st Edition. Paperback. This book describes the classical axiomatic theories of decision under uncertainty, as well as critiques thereof and alternative theories. Series: Econometric Society Monographs. Num Pages: 230 pages, black & white illustrations, figures. BIC Classification: KCA. Category: (P) Professional & Vocational; (U) Tertiary Education (US: College). Dimension: 228 x 153 x 14. Weight in Grams: 362. Series: Econometric Society Monographs. 230 pages, illustrations. This 2009 book describes the classical axiomatic theories of decision under uncertainty, as well as critiques thereof and alternative theories. Cateogry: (P) Professional & Vocational; (U) Tertiary Education (US: College). BIC Classification: KCA. Dimension: 228 x 153 x 14. Weight: 362. . . . . . . Codice libro della libreria V9780521741231

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Descrizione libro Cambridge University Press, 2009. PAP. Condizione libro: New. New Book. Shipped from UK in 4 to 14 days. Established seller since 2000. Codice libro della libreria GB-9780521741231

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Descrizione libro Condizione libro: New. Bookseller Inventory # ST0521741238. Codice libro della libreria ST0521741238

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