The Economics of Uncertainty. (PSME-2), Volume 2

Borch, Karl Hendrik

ISBN 10: 0691041245 / ISBN 13: 9780691041247

Verlag: Princeton University Press, 1968

Former library copy. Pages intact with minimal writing/highlighting. The binding may be loose and creased. Dust jackets/supplements are not included. Includes library markings. Stock photo provided. Product includes identifying sticker. Better World Books: Buy Books. Do Good. Bestandsnummer des Verkäufers GRP36881565

Inhaltsangabe:

Game theory has brought into economics an uncertainty principle similar to the one brought into physics by the quantum theory. Professor Barch's main purpose in this book is to show how one can construct realistic economic theories by taking uncertainty into account instead of dismissing it. He brings together a number of recent developments in different fields of economics and other social sciences in which uncertainty and chance play a central role and shows that they really constitute an entity. These developments include the revisions of utility, the introduction of game theory as a basic tool, and the view of the foundations of probability theory adopted by modern Bayesian statisticians.

Originally published in 1968.

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Bibliografische Details

Titel: The Economics of Uncertainty. (PSME-2), ...
Verlag: Princeton University Press
Erscheinungsdatum: 1968
Einband: Hardcover
Zustand: Good