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Uncertainty in Economic Theory (Hardcover, New)
Loot Price: R7,317
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Uncertainty in Economic Theory (Hardcover, New)
Series: Routledge Frontiers of Political Economy
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Recent decades have witnessed developments in decision theory that
propose an alternative to the accepted Bayesian view. According to
this view, all uncertainty can be quantified by probability
measures. This view has been criticized on empirical as well as
conceptual grounds. David Schmeidler has offered an alternative way
of thinking about decision under uncertainty, which has become
popular in recent years. This book provides a review and an
introduction to this new decision theory under uncertainty. The
first part focuses on theory: axiomatizations, the definition of
uncertainty aversion, the issue of updating and independence, and
so forth. The second part deals with applications to economic
theory, game theory, and finance. With a wide variety of
contributions of the highest order, the book can be considered to
be extremely authoritative. This is the first collection to include
papers on this topic, and it can thus serve as an introduction to
researchers who are new to the field or a graduate course textbook.
With this goal in mind, the book contains survey introductions that
are aimed at a graduate level student, and help explain the main
ideas, as well as put them in perspe
General
Imprint: |
Routledge
|
Country of origin: |
United Kingdom |
Series: |
Routledge Frontiers of Political Economy |
Release date: |
June 2004 |
First published: |
2004 |
Editors: |
Itzhak Gilboa
|
Dimensions: |
234 x 156 x 36mm (L x W x T) |
Format: |
Hardcover
|
Pages: |
576 |
Edition: |
New |
ISBN-13: |
978-0-415-32494-6 |
Categories: |
Books >
Business & Economics >
Economics >
Economic theory & philosophy
|
LSN: |
0-415-32494-7 |
Barcode: |
9780415324946 |
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