THEORY OF DECISION UNDER UNCERTAINTY by Itzhak Gilboa ( 9780521741231 )

Item Details

Title:

THEORY OF DECISION UNDER UNCERTAINTY

By:

Itzhak Gilboa

Format:

Paperback

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£26.99

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ISBN 10:

0521741238

ISBN 13:

9780521741231

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Publisher:

CAMBRIDGE UNIVERSITY PRESS

Pub. date:

1 March, 2009

Series:

Econometric Society Monographs 45

Pages:

230

Description:

This book describes the classical axiomatic theories of decision under uncertainty, as well as critiques thereof and alternative theories.

Synopsis:

This book describes the classical axiomatic theories of decision under uncertainty, as well as critiques thereof and alternative theories. It focuses on the meaning of probability, discussing some definitions and surveying their scope of applicability. The behavioral definition of subjective probability serves as a way to present the classical theories, culminating in Savage's theorem. The limitations of this result as a definition of probability lead to two directions - first, similar behavioral definitions of more general theories, such as non-additive probabilities and multiple priors, and second, cognitive derivations based on case-based techniques.

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Imprint:

Cambridge University Press

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