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Models and Experiments in Risk and Rationality (Hardcover, 1994 ed.)
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Models and Experiments in Risk and Rationality (Hardcover, 1994 ed.)
Series: Theory and Decision Library B, 29
Expected to ship within 12 - 17 working days
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Models and Experiments in Risk and Rationality presents original
contributions to the areas of individual choice, experimental
economics, operations and analysis, multiple criteria decision
making, market uncertainty, game theory and social choice. The
papers, which were presented at the FUR VI conference, are arranged
to appear in order of increasing complexity of the decision
environment or social context in which they situate themselves. The
first section Psychological Aspects of Risk-Bearing', considers
choice at the purely individual level and for the most part, free
of any specific economic or social context. The second section
examines individual choice within the classical expected utility
approach while the third section works from a perspective that
includes non-expected utility preferences over lotteries. Section
four, Multiple Criteria Decision-Making Under Uncertainty',
considers the more specialized but crucial context of uncertain
choice involving tradeoffs between competing criteria -- a field
which is becoming of increasing importance in applied decision
analysis. The final two sections examine uncertain choice in social
or group contexts.
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