Uncertainty in Economic Theory (Routledge Frontiers of Political Economy) - Hardcover
Book 33 of 375: Routledge Frontiers of Political Economy
Synopsis
This volume brings together important papers, coupled with new introductions, in the massively influential area of uncertainty in economic theory. Seminal papers are available together for the first time in book format, with new introductions and under the steely editorship of Itzhak Gilboa - this book is a useful reference tool for economists all over the globe.
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About the Author
Itzhak Gilboa
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Uncertainty in Economic Theory : Essays in Honor of David Schmeidler's 65th Birthday
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Uncertainty in Economic Theory (Hardcover)
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Taylor & Francis Ltd, London, 2004
ISBN 10: 0415324947
ISBN 13: 9780415324946
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Hardcover. Condition: new. Hardcover. Recent decades have witnessed developments in decision theory that propose an alternative to the accepted Bayesian view. According to this view, all uncertainty can be quantified by probability measures. This view has been criticized on empirical as well as conceptual grounds. David Schmeidler has offered an alternative way of thinking about decision under uncertainty, which has become popular in recent years. This book provides a review and an introduction to this new decision theory under uncertainty. The first part focuses on theory: axiomatizations, the definition of uncertainty aversion, the issue of updating and independence, and so forth. The second part deals with applications to economic theory, game theory, and finance. With a wide variety of contributions of the highest order, the book can be considered to be extremely authoritative. This is the first collection to include papers on this topic, and it can thus serve as an introduction to researchers who are new to the field or a graduate course textbook.With this goal in mind, the book contains survey introductions that are aimed at a graduate level student, and help explain the main ideas, as well as put them in perspective. This volume brings together important papers, coupled with new introductions, in the massively influential area of uncertainty in economic theory. Shipping may be from multiple locations in the US or from the UK, depending on stock availability. Seller Inventory # 9780415324946
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Uncertainty in Economic Theory (Hardcover)
Published by
Taylor & Francis Ltd, London, 2004
ISBN 10: 0415324947
ISBN 13: 9780415324946
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Hardcover
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Hardcover. Condition: new. Hardcover. Recent decades have witnessed developments in decision theory that propose an alternative to the accepted Bayesian view. According to this view, all uncertainty can be quantified by probability measures. This view has been criticized on empirical as well as conceptual grounds. David Schmeidler has offered an alternative way of thinking about decision under uncertainty, which has become popular in recent years. This book provides a review and an introduction to this new decision theory under uncertainty. The first part focuses on theory: axiomatizations, the definition of uncertainty aversion, the issue of updating and independence, and so forth. The second part deals with applications to economic theory, game theory, and finance. With a wide variety of contributions of the highest order, the book can be considered to be extremely authoritative. This is the first collection to include papers on this topic, and it can thus serve as an introduction to researchers who are new to the field or a graduate course textbook.With this goal in mind, the book contains survey introductions that are aimed at a graduate level student, and help explain the main ideas, as well as put them in perspective. This volume brings together important papers, coupled with new introductions, in the massively influential area of uncertainty in economic theory. Shipping may be from our Sydney, NSW warehouse or from our UK or US warehouse, depending on stock availability. Seller Inventory # 9780415324946
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UNCERTAINTY IN ECONOMIC THEORY
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Gebunden. Condition: New. Dieser Artikel ist ein Print on Demand Artikel und wird nach Ihrer Bestellung fuer Sie gedruckt. This volume brings together important papers, coupled with new introductions, in the massively influential area of uncertainty in economic theory. Seminal papers are available together for the first time in book format, with new introductions and under the . Seller Inventory # 594634314
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