theory of decision under uncertainty econometric society monographs

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Theory Of Decision Under Uncertainty

Author : Itzhak Gilboa
ISBN : 0521741238
Genre : Business & Economics
File Size : 72. 72 MB
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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.

Mechanism Design

Author : Rakesh V. Vohra
ISBN : 9781139499170
Genre : Business & Economics
File Size : 88. 23 MB
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Mechanism design is an analytical framework for thinking clearly and carefully about what exactly a given institution can achieve when the information necessary to make decisions is dispersed and privately held. This analysis provides an account of the underlying mathematics of mechanism design based on linear programming. Three advantages characterize the approach. The first is simplicity: arguments based on linear programming are both elementary and transparent. The second is unity: the machinery of linear programming provides a way to unify results from disparate areas of mechanism design. The third is reach: the technique offers the ability to solve problems that appear to be beyond solutions offered by traditional methods. No claim is made that the approach advocated should supplant traditional mathematical machinery. Rather, the approach represents an addition to the tools of the economic theorist who proposes to understand economic phenomena through the lens of mechanism design.

Making Better Decisions

Author : Itzhak Gilboa
ISBN : 9781444336511
Genre : Business & Economics
File Size : 58. 37 MB
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Making Better Decisions introduces readers to some of the principal aspects of decision theory, and examines how these might lead us to make better decisions. • Introduces readers to key aspects of decision theory and examines how they might help us make better decisions • Presentation of material encourages readers to imagine a situation and make a decision or a judgment • Offers a broad coverage of the subject including major insights from several sub-disciplines: microeconomic theory, decision theory, game theory, social choice, statistics, psychology, and philosophy • Explains these insights informally in a language that has minimal mathematical notation or jargon, even when describing and interpreting mathematical theorems • Critically assesses the theory presented within the text, as well as some of its critiques • Includes a web resource for teachers and students

Notes On The Theory Of Choice

Author : David Kreps
ISBN : 9780813375533
Genre : Business & Economics
File Size : 21. 21 MB
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In these notes, Professor Kreps surveys the standard models of choice under uncertainty that lie at the heart of microeconomic theory. Choice and preference, ordinal utility, von Neumann-Morganstern utility and utility functions for money, and subjective probability and subjective expected utility are among the standard topics covered. These notes provide a rigorous but accessible introduction to the theory of choice for mathematically inclined undergraduates and/or graduate students in economics, finance, and related disciplines.

Decision Making Under Uncertainty

Author : Charles A. Holloway
ISBN : UOM:39015010897505
Genre : Business & Economics
File Size : 65. 71 MB
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Introduction and basic concepts; Models and probability; Choices and preferences; Preference assessment procedures; Behavioral assumptions and limitations of decision analysis; Risk sharing and incentives; Choices with multiple attributes.

Analogies And Theories

Author : Itzhak Gilboa
ISBN : 9780191057885
Genre : Business & Economics
File Size : 75. 7 MB
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The book describes formal models of reasoning that are aimed at capturing the way that economic agents, and decision makers in general think about their environment and make predictions based on their past experience. The focus is on analogies (case-based reasoning) and general theories (rule-based reasoning), and on the interaction between them, as well as between them and Bayesian reasoning. A unified approach allows one to study the dynamics of inductive reasoning in terms of the mode of reasoning that is used to generate predictions.

Revealed Preference Theory

Author :
ISBN : 9781107087804
Genre :
File Size : 42. 74 MB
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A Theory Of Case Based Decisions

Author : Itzhak Gilboa
ISBN : 0521003113
Genre : Business & Economics
File Size : 64. 83 MB
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This work, a paradigm for modelling decision-making under uncertainty, describes the general theory and its relationship to planning, repeated choice problems, inductive inference, and learning; and highlights its mathematical and philosophical foundations.

Repeated Games

Author : Jean-François Mertens
ISBN : 9781107030206
Genre : Business & Economics
File Size : 23. 74 MB
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This landmark work significantly advances the literature on game theory with a masterful conceptual presentation of the CORE working papers published in 1994.

Economie De L Incertain Et De L Information

Author : Jean-Jacques Laffont
ISBN : 0262121360
Genre : Business & Economics
File Size : 22. 40 MB
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Discusses risk and economic uncertainty, the theory of contingent markets, model systems of incomplete markets, and the use of the stock market and insurance to share risk

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