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Book synopsis

This 2009 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.

Book details

Book category Books in English Economics, finance, business & management Economics Econometrics

• Full title: Theory of Decision under Uncertainty
• Author: Itzhak Gilboa
• Language: English
• Binding: Hardback
• Number of pages: 230
• EAN: 9780521517324
• ISBN: 052151732X
• ID: 02033238
• Publisher: Cambridge University Press
• Weight: 43 g
• Dimensions: 229 × 152 × 18 mm
• Date of publishing: 16. March 2009

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