PROBABILITY IN ECONOMICS by Omar Hamouda, J. C. R. Rowley (Editor) ( 9780415067126 )

Item Details

Title:

PROBABILITY IN ECONOMICS

By:

Omar Hamouda, J. C. R. Rowley (Editor)

Format:

Hardback

List price:

£175.00

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£157.50

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10% off

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£17.50

ISBN 10:

041506712X

ISBN 13:

9780415067126

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Publisher:

TAYLOR & FRANCIS LTD

Pub. date:

30 May, 1996

Series:

Routledge Frontiers of Political Economy v.5

Pages:

208

Description:

Probability is a key concept in economics. This book adopts a critical attitude to the treatment of probability in most current economic modelling, whilst refraining from embracing chaos theory. Essential reading for the enquiring econometrician

Synopsis:

Notions of probability and uncertainty have been increasingly prominant in modern economics. This book considers the philosophical and practical difficulties inherent in integrating these concepts into realistic economic situations. It outlines and evaluates the major developments, indicating where further work is needed. This book addresses: * probability, utility and rationality within current economic thought and practice * concepts of ignorance and indeterminancy * experimental economics * econometrics, with particular reference inference and estimation.

Publication:

Imprint:

Routledge

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Returnable

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