Until recently, 'Subjective Expected Utility Theory' was accepted
within the economics profession as the theory of rational
decision-making under risk and under certainty. However, its
pre-eminence in recent years has been undermined as a consequence
of a flood of experimental evidence casting doubt on its
descriptive accuracy. This book documents the theoretical
reconstruction of the theory of decision-making in the aftermath of
this flood. It is divided into three parts and contains the key
papers introducing and describing new theories of decision under
risk, new theories of decision under uncertainty and new theories
of dynamic decision-making.
General
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