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Inhaltsangabe
Book by Anand Paul
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Críticas
Shows an agreeable lack of fetish for technical and mathematical presentation, and will serve as a fairly accessible introduction to the area for philosophical readers unfamiliar with the terrain (David Phillips, University of Houston, Philosophical Review)
[Paul Anand makes] clearly a case for reversing the direction of much economic theorizing (Times Higher Education Supplement)
Reseña del editor
In this book, Paul Anand examines the normative interpretation of Subjective Expected Utility (SEU). He tests the philosophical and logical basis for associating SEU with rational choice. Decision theorists have increasingly come to accept the experimental evidence that subjects systematically violate the axiomatic assumptions of SEU, and as a result the past decade has witnessed an explosion of mathematical models that seek to capture this behaviour. A current issue is whether axioms of SEU really are canons of rationality. Anand discusses whether the new decision-theoretic models are more than just accounts of irrational behaviour.
The main themes of the book are that, empirically, SEU is false, and that normatively it imposes unnecessary constraints on rational agency. Problems with Bayesianism are introduced and it is shown that useful distinctions between risk and uncertainty (in a Keynesian sense) can be made. Some of the radical methodological changes in economics that underpin theoretical developments in decision theory and economics are also discussed.
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- VerlagOUP Oxford
- Erscheinungsdatum1995
- ISBN 10 0198774427
- ISBN 13 9780198774426
- EinbandTapa blanda
- SpracheEnglisch
- Anzahl der Seiten176
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Zustand: Good. This is an ex-library book and may have the usual library/used-book markings inside.This book has soft covers. Clean from markings. In good all round condition. Please note the Image in this listing is a stock photo and may not match the covers of the actual item,300grams, ISBN:9780198774426. Bestandsnummer des Verkäufers 9727748
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Zustand: Good. This is an ex-library book and may have the usual library/used-book markings inside.This book has soft covers. Clean from markings. In good all round condition. Please note the Image in this listing is a stock photo and may not match the covers of the actual item,300grams, ISBN:9780198774426. Bestandsnummer des Verkäufers 9727736
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ISBN 13: 9780198774426
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ISBN 10: 0198774427
ISBN 13: 9780198774426
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Foundations of Rational Choice Under Risk (Paperback)
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Oxford University Press, Oxford, 1995
ISBN 10: 0198774427
ISBN 13: 9780198774426
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Paperback. Zustand: new. Paperback. In this book, Paul Anand examines the normative interpretation of Subjective Expected Utility (SEU). He tests the philosophical and logical basis for associating SEU with rational choice. Decision theorists have increasingly come to accept the experimental evidence that subjects systematically violate the axiomatic assumptions of SEU, and as a result the past decade has witnessed an explosion of mathematical models that seek to capture this behaviour. A currentissue is whether axioms of SEU really are canons of rationality. Anand discusses whether the new decision-theoretic models are more than just accounts of irrational behaviour. Themain themes of the book are that, empirically, SEU is false, and that normatively it imposes unnecessary constraints on rational agency. Problems with Bayesianism are introduced and it is shown that useful distinctions between risk and uncertainty (in a Keynesian sense) can be made. Some of the radical methodological changes in economics that underpin theoretical developments in decision theory and economics are also discussed. Paul Anand describes and evaluates a number of existing criticisms of the formal theory of rationality and subjective expected utility theory. He provides his own axiomatic alternative account of rational choice which sets it in the context of the relation between an agent's preferences and his or her behaviour. Shipping may be from multiple locations in the US or from the UK, depending on stock availability. Bestandsnummer des Verkäufers 9780198774426
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