| Theory of Decision under Uncertainty (Econometric Society Monographs) |  | Author: Itzhak Gilboa
Publisher: Cambridge University Press
Category: Book
List Price: $31.00
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Sales Rank: 592,034
Languages: English (Unknown), English (Original Language), English (Published)
Media: Paperback
Edition: 1
Pages: 230
Number Of Items: 1
Shipping Weight (lbs): 0.7
Dimensions (in): 8.9 x 5.9 x 0.6
ISBN: 0521741238
EAN: 9780521741231
ASIN: 0521741238
Publication Date: March 16, 2009
Availability: Usually ships in 1-2 business days
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Product Description
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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