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Progress in Utility and Risk Theory (Hardcover, 1984 ed.)
Loot Price: R2,957
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Progress in Utility and Risk Theory (Hardcover, 1984 ed.)
Series: Theory and Decision Library, 42
Expected to ship within 10 - 15 working days
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1. PROGRESS IN UTILITY AND RISK THEORY At the First International
Congress of Utility and Risk Theory in Oslo 1982 (FUR-82) it
appeared to be a widespread feeling among the participants that the
conference signalled something like a paradigm shift in the field.
This does not necessarily mean that old truths were discarded and
replaced by new ones, but rather that new theories and new
empirical evidence were brought forth, compelling old theories to
be critically analyzed from new angels. Some of the papers
presented at FUR-82 have been published by Reidel in 1983 in a
volume edited by Stigum and Wenst0p. The present volume contains
com mentaries on a number of the papers presented at the conference
together with broader outlines of current views on the theory. The
observation that utility and risk theory now appears to be in a
state of rapid change has prompted us to choose the title PROGRESS
IN UTILITY AND RISK THEORY for the book, in the belief that science
always moves from poorer to more advanced paradigms or from weaker
to more forceful theories. In other words, change is usually
progress, even though intermediate stages in a para digm shift may
be bewildering, to say the least."
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