Each volume in this series includes a collection of authoritative essays from the New Palgrave: A Dictionary of Economics, selected by the Editors to illustrate the range and diversity of economic thought on a particular topic.
For over two hundred years, economists, mathematicians and philosophers have been active in formulating theories of rational behavior by which is meant simply the well-ordered pursuit of well-defined goals by an individual or a society. These theories have been organized around the concepts of preference, probabilities and opportunities, all of which are dealt with at length in these essays on Utility and Probability."synopsis" may belong to another edition of this title.
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