Decision, Probability and Utility PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Decision, Probability and Utility PDF full book. Access full book title Decision, Probability and Utility by Peter Gärdenfors. Download full books in PDF and EPUB format.
Author: Peter Gärdenfors
Publisher: Cambridge University Press
ISBN: 9780521336581
Category : Business & Economics
Languages : en
Pages : 464
Get Book Here
Book Description
Decision theory and the theory of rational choice have recently been the subjects of considerable research by philosophers and economists. However, no adequate anthology exists which can be used to introduce students to the field. This volume is designed to meet that need. The essays included are organized into five parts covering the foundations of decision theory, the conceptualization of probability and utility, pholosophical difficulties with the rules of rationality and with the assessment of probability, and causal decision theory. The editors provide an extensive introduction to the field and introductions to each part.
Author: Peter Gärdenfors
Publisher: Cambridge University Press
ISBN: 9780521336581
Category : Business & Economics
Languages : en
Pages : 464
Get Book Here
Book Description
Decision theory and the theory of rational choice have recently been the subjects of considerable research by philosophers and economists. However, no adequate anthology exists which can be used to introduce students to the field. This volume is designed to meet that need. The essays included are organized into five parts covering the foundations of decision theory, the conceptualization of probability and utility, pholosophical difficulties with the rules of rationality and with the assessment of probability, and causal decision theory. The editors provide an extensive introduction to the field and introductions to each part.
Author: John Eatwell
Publisher: Springer
ISBN: 1349205680
Category : Business & Economics
Languages : en
Pages : 330
Get Book Here
Book Description
This is an excerpt from the 4-volume dictionary of economics, a reference book which aims to define the subject of economics today. 1300 subject entries in the complete work cover the broad themes of economic theory. This extract concentrates on utility and probability.
Author: P.J.H. Schoemaker
Publisher: Springer Science & Business Media
ISBN: 9401750408
Category : Business & Economics
Languages : en
Pages : 228
Get Book Here
Book Description
In this valuable book, Paul Schoemaker summarizes recent experimental and field research that he and others have undertaken regarding the descrip tive validity of expected utility theory as a model of choice under uncer tainty. His principal message is that this paradigm is too narrow in its con ception and misses some of the important elements of a descriptive model of individual choice. In particular, Schoemaker calls attention to the impor tance of individual differences, task effects, and context effects as they influence behavior. The expected utility hypothesis has come under scrutiny in recent years from a number of different quarters. This book brings together these many studies and relates them to the large body of literature on individual de cision making under risk. Although this paradigm may be appropriate for describing behavior under many conditions of uncertainty, Schoemaker presents convincing evidence that it does not do well with respect to protec tion against low-probability events. For example, he shows that the insur ance purchase decision is influenced by the way information is presented to the client, as well as by the statistical knowledge of the respondents.
Author: Ali E. Abbas
Publisher: Cambridge University Press
ISBN: 1107161886
Category : Computers
Languages : en
Pages : 787
Get Book Here
Book Description
Are we safer from terrorism today and is our homeland security money well spent? This book offers answers and more.
Author: Peter C. Fishburn
Publisher: Huntington, N.Y. : R. E. Krieger Publishing Company
ISBN: 9780882757360
Category : Decision-making
Languages : en
Pages : 234
Get Book Here
Book Description
Author: Paul Weirich
Publisher: Cambridge University Press
ISBN: 1108604781
Category : Science
Languages : en
Pages : 141
Get Book Here
Book Description
An agent often does not have precise probabilities or utilities to guide resolution of a decision problem. I advance a principle of rationality for making decisions in such cases. To begin, I represent the doxastic and conative state of an agent with a set of pairs of a probability assignment and a utility assignment. Then I support a decision principle that allows any act that maximizes expected utility according to some pair of assignments in the set. Assuming that computation of an option's expected utility uses comprehensive possible outcomes that include the option's risk, no consideration supports a stricter requirement.
Author: Frank Crundwell
Publisher: Springer Science & Business Media
ISBN: 1848000332
Category : Technology & Engineering
Languages : en
Pages : 633
Get Book Here
Book Description
With flair and an originality of approach, Crundwell brings his considerable experience to bear on this crucial topic. Uniquely, this book discusses the technical and financial aspects of decision-making in engineering and demonstrates these through case studies. It’s a hugely important matter as, of course, engineering solutions and financial decisions are intimately tied together. The best engineers combine the technical and financial cases in determining new solutions to opportunities, challenges and problems. To get your project approved, no matter the size of it, the financial case must be clear and compelling. This book provides a framework for engineers and scientists to undertake financial evaluations and assessments of engineering or production projects.
Author: Silvia Bacci
Publisher: CRC Press
ISBN: 1351621386
Category : Mathematics
Languages : en
Pages : 292
Get Book Here
Book Description
Introduction to Statistical Decision Theory: Utility Theory and Causal Analysis provides the theoretical background to approach decision theory from a statistical perspective. It covers both traditional approaches, in terms of value theory and expected utility theory, and recent developments, in terms of causal inference. The book is specifically designed to appeal to students and researchers that intend to acquire a knowledge of statistical science based on decision theory. Features Covers approaches for making decisions under certainty, risk, and uncertainty Illustrates expected utility theory and its extensions Describes approaches to elicit the utility function Reviews classical and Bayesian approaches to statistical inference based on decision theory Discusses the role of causal analysis in statistical decision theory
Author: Martin Peterson
Publisher: Cambridge University Press
ISBN: 1107151597
Category : Business & Economics
Languages : en
Pages : 351
Get Book Here
Book Description
A comprehensive and accessible introduction to all aspects of decision theory, now with new and updated discussions and over 140 exercises.
Author: Mark Machina
Publisher: Newnes
ISBN: 0444536868
Category : Business & Economics
Languages : en
Pages : 897
Get Book Here
Book Description
The need to understand the theories and applications of economic and finance risk has been clear to everyone since the financial crisis, and this collection of original essays proffers broad, high-level explanations of risk and uncertainty. The economics of risk and uncertainty is unlike most branches of economics in spanning from the individual decision-maker to the market (and indeed, social decisions), and ranging from purely theoretical analysis through individual experimentation, empirical analysis, and applied and policy decisions. It also has close and sometimes conflicting relationships with theoretical and applied statistics, and psychology. The aim of this volume is to provide an overview of diverse aspects of this field, ranging from classical and foundational work through current developments. - Presents coherent summaries of risk and uncertainty that inform major areas in economics and finance - Divides coverage between theoretical, empirical, and experimental findings - Makes the economics of risk and uncertainty accessible to scholars in fields outside economics
