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Item Details
Title: RATIONAL CHOICE
By: Itzhak Gilboa
Format: Paperback

List price: £24.00
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ISBN 10: 0262518058
ISBN 13: 9780262518055
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Publisher: MIT PRESS LTD
Pub. date: 17 August, 2012
Series: Rational Choice
Pages: 176
Description: A nontechnical, concise, and rigorous introduction to the rational choice paradigm, focusing on basic insights applicable in fields ranging from economics to philosophy.
Synopsis: This book offers a rigorous, concise, and nontechnical introduction to some of the fundamental insights of rational choice theory. It draws on formal theories of microeconomics, decision making, games, and social choice, and on ideas developed in philosophy, psychology, and sociology. Itzhak Gilboa argues that economic theory has provided a set of powerful models and broad insights that have changed the way we think about everyday life. He focuses on basic insights of the rational choice paradigm--the general conceptualization rather than a particular theory--that survive recent (and well-justified) critiques of economic theory's various failures. Gilboa explains the main concepts in language accessible to the nonspecialist, offering a nonmathematical guide to some of the main ideas developed in economic theory in the second half of the twentieth century. Chapters cover feasibility and desirability, utility maximization, constrained optimization, expected utility, probability and statistics, aggregation of preferences, games and equilibria, free markets, and rationality and emotions. Online appendixes offer additional material, including a survey of relevant mathematical concepts.
Illustrations: 7 figures
Publication: US
Imprint: MIT Press
Returns: Returnable
Some other items by this author:
A THEORY OF CASE-BASED DECISIONS
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CASE-BASED PREDICTIONS: AN AXIOMATIC APPROACH TO PREDICTION, CLASSIFICATION AND STATISTICAL LEARNING (HB)
COGNITIVE PROCESSES AND ECONOMIC BEHAVIOUR
COGNITIVE PROCESSES AND ECONOMIC BEHAVIOUR
COGNITIVE PROCESSES AND ECONOMIC BEHAVIOUR
COGNITIVE PROCESSES AND ECONOMIC BEHAVIOUR (HB)
COGNITIVE PROCESSES AND ECONOMIC BEHAVIOUR (PB)
MAKING BETTER DECISIONS
MAKING BETTER DECISIONS
MAKING BETTER DECISIONS (HB)
MAKING BETTER DECISIONS (PB)
RATIONAL CHOICE (HB)
THEORY OF DECISION UNDER UNCERTAINTY (HB)
THEORY OF DECISION UNDER UNCERTAINTY (PB)
UNCERTAINTY IN ECONOMIC THEORY
UNCERTAINTY IN ECONOMIC THEORY
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UNCERTAINTY IN ECONOMIC THEORY
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