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Synopsis
Paul Anand describes and evaluates many existing criticisms of the formal theory of rationality and subjective expected utility (SEU) theory. He tests the logical and philosophical basis for basing rational choice on SEU and argues that, empirically, SEU is false, and that normatively, it imposes unnecessary constraints on rational agency. He provides his own account of rational choice which is grounded in the relationship between an agent's preference and his or her behavior. In addition, he discusses some of the radical methodological changes in economics that form the basis for theoretical developments in decision theory.
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About the Author
Paul Anand was a Research Fellow of Templeton College Oxford when the book was written and currently has affiliations to the Open University, Oxford and LSE.
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Foundations of Rational Choice under Risk.
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Foundations of Rational Choice Under Risk
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Foundations of Rational Choice Under Risk
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Foundations of Rational Choice Under Risk
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Condition: Good. This is an ex-library book and may have the usual library/used-book markings inside.This book has soft covers. Clean from markings. In good all round condition. Please note the Image in this listing is a stock photo and may not match the covers of the actual item,300grams, ISBN:9780198774426. Seller Inventory # 9727736
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Foundations of Rational Choice Under Risk
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Condition: Good. This is an ex-library book and may have the usual library/used-book markings inside.This book has soft covers. Clean from markings. In good all round condition. Please note the Image in this listing is a stock photo and may not match the covers of the actual item,300grams, ISBN:9780198774426. Seller Inventory # 9727748
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Foundations of Rational Choice Under Risk
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Clarendon Press / Oxford University Press, Oxford, New York, 1995
ISBN 10: 0198774427
ISBN 13: 9780198774426
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Foundations of Rational Choice Under Risk
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Foundations of Rational Choice Under Risk
Published by
Oxford University Press, 1995
ISBN 10: 0198774427
ISBN 13: 9780198774426
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