The book treats two approaches to decision theory: (1) the
normative, purporting to determine how a 'perfectly rational' actor
ought to choose among available alternatives; (2) the descriptive,
based on observations of how people actually choose in real life
and in laboratory experiments. The mathematical tools used in the
normative approach range from elementary algebra to matrix and
differential equations. Sections on different levels can be studied
independently. Special emphasis is made on 'offshoots' of both
theories to cognitive psychology, theoretical biology, and
philosophy.
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