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Books > Business & Economics > Economics > Econometrics > Economic statistics
How to Divide When There Isn't Enough develops a rigorous yet
accessible presentation of the state-of-the-art for the
adjudication of conflicting claims and the theory of taxation. It
covers all aspects one may wish to know about claims problems: the
most important rules, the most important axioms, and how these two
sets are related. More generally, it also serves as an introduction
to the modern theory of economic design, which in the last twenty
years has revolutionized many areas of economics, generating a wide
range of applicable allocations rules that have improved people's
lives in many ways. In developing the theory, the book employs a
variety of techniques that will appeal to both experts and
non-experts. Compiling decades of research into a single framework,
William Thomson provides numerous applications that will open a
large number of avenues for future research.
In a world where we are constantly being asked to make decisions
based on incomplete information, facility with basic probability is
an essential skill. This book provides a solid foundation in basic
probability theory designed for intellectually curious readers and
those new to the subject. Through its conversational tone and
careful pacing of mathematical development, the book balances a
charming style with informative discussion. This text will immerse
the reader in a mathematical view of the world, giving them a
glimpse into what attracts mathematicians to the subject in the
first place. Rather than simply writing out and memorizing
formulas, the reader will come out with an understanding of what
those formulas mean, and how and when to use them. Readers will
also encounter settings where probabilistic reasoning does not
apply or where intuition can be misleading. This book establishes
simple principles of counting collections and sequences of
alternatives, and elaborates on these techniques to solve real
world problems both inside and outside the casino. Pair this book
with the HarvardX online course for great videos and interactive
learning: https://harvardx.link/fat-chance.
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