Foundations of Rational Choice Under Risk - Hardcover

Anand, Paul

 
9780198233039: Foundations of Rational Choice Under Risk

Inhaltsangabe

The author describes and evaluates a number of existing criticisms of the formal theory of rationality and subjective expected utility theory. The latter rests on axioms that are usually regarded as principles of rationality; that is, principles that a rational person would never want to violate. The author claims that these axioms cannot be shown to be principles of rationality in this sense and provides his own axiomatic alternative account of rational choice. He finds that rationality is not a behavioural entity, but rather has to do with the relation between an agent's preferences and his or her behaviour. The book rejuvenates the old risk uncertainty distinction and draws together many of the critiques of the standard axioms such as transitivity and independence.

Die Inhaltsangabe kann sich auf eine andere Ausgabe dieses Titels beziehen.

Reseña del editor

The author describes and evaluates a number of existing criticisms of the formal theory of rationality and subjective expected utility theory. The latter rests on axioms that are usually regarded as principles of rationality; that is, principles that a rational person would never want to violate. The author claims that these axioms cannot be shown to be principles of rationality in this sense and provides his own axiomatic alternative account of rational choice. He finds that rationality is not a behavioural entity, but rather has to do with the relation between an agent's preferences and his or her behaviour. The book rejuvenates the old risk uncertainty distinction and draws together many of the critiques of the standard axioms such as transitivity and independence.

„Über diesen Titel“ kann sich auf eine andere Ausgabe dieses Titels beziehen.

Weitere beliebte Ausgaben desselben Titels

9780198774426: Foundations of Rational Choice Under Risk

Vorgestellte Ausgabe

ISBN 10:  0198774427 ISBN 13:  9780198774426
Verlag: OUP Oxford, 1995
Softcover