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Risky Curves: On the Empirical Failure of Expected Utility
Paperback
ISBN13: 9781138096462
Publisher: Routledge
Published: May 25 2017
Pages: 152
Weight: 0.49
Height: 0.33 Width: 6.14 Depth: 9.21
Language: English
For several decades, the orthodox economics approach to understanding choice under risk has been to assume that each individual person maximizes some sort of personal utility function defined over purchasing power. This new volume contests that even the best wisdom from the orthodox theory is inadequate, and proposes the return to a simpler sort of scientific theory of risky choice
1 different editions
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Risky Curves: On the Empirical Failure of Expected Utility
Friedman, Daniel
Isaac, R. Mark
James, Duncan
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