Code: 05118328
Until recently, "Subjective Expected Utility Theory" was accepted within the economics profession as the theory of rational decision-making under risk and under certainty. However, its pre-eminence in recent years has been undermi ... more
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Until recently, "Subjective Expected Utility Theory" was accepted within the economics profession as the theory of rational decision-making under risk and under certainty. However, its pre-eminence in recent years has been undermined as a consequence of a flood of experimental evidence casting doubt on its descriptive accuracy. This work documents the theoretical reconstruction of the theory of decision-making in the aftermath of this flood. It contains papers introducing and describing new theories of decision under risk, theories of decision under uncertainty and theories of dynamic decision-making.
Book category Books in English Economics, finance, business & management Business & management Management & management techniques
625.59 €
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