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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Theory of Decision Under Uncertainty

Theory of Decision Under Uncertainty

Gilboa, Itzhak

Hardcover

Series: Econometric Society Monographs, Book 45

EconomicsGeneral Computers

ISBN10: 052151732X
ISBN13: 9780521517324
Publisher: Cambridge
Published: Mar 16 2009
Pages: 230
Weight: 0.95
Height: 0.70 Width: 6.00 Depth: 9.00
Language: English
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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