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Progress In Decision, Utility And Risk Theory (Hardcover, 1991 ed.)
Loot Price: R6,100
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Progress In Decision, Utility And Risk Theory (Hardcover, 1991 ed.)
Series: Theory and Decision Library B, 13
Expected to ship within 10 - 15 working days
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In this volume we present some of the papers delivered at FUR-IV -
the Fourth International Conference on Founda tions and
Applications of Utility, Risk and Decision Theory in Budapest, June
1988. The FUR Conferences have provided an appreciated forum every
two years since 1982 within which scientists can report recent
issues and prospective applications of decision theory, and
exchange ideas about controversial questions of this field. Focal
points of the presented papers are: expected utility versus alterna
tive utility models, concepts of risk and uncertainty, developments
of game theory, and investigations of real decision making
behaviour under uncertainty and/or in risky situations. We hope
that this sample of papers will appeal to a wide spectrum of
readers who are interested in and fami liar with this interesting
and exciting issues of decision theory. A wide range of theoretical
and practical questions is considered in papers included in this
volume, and many of them closely related to economics. In fact,
there were two Nobel-Laureates in economics among the participants:
I. Herbert A. Simon (1978) and Maurice Allais (1988), who won the
prize just after the conference. His paper deals with problems of
cardinal utility. After a concise overview of the history and
theory of cardinal utility he gives an estimate of the invariant
cardinal utility function for its whole domain of variation (i. e."
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