Notes On The Theory Of Choice (Underground Classics in Economics)

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9780813375533: Notes On The Theory Of Choice (Underground Classics in Economics)

In this book, Professor Kreps presents a first course on the basic models of choice theory that underlie much of economic theory. This course, taught for several years at the Graduate School of Business, Stanford University, gives the student an introduction to the axiomatic method of economic analysis, without placing too heavy a demand on mathematical sophistication.The course begins with the basics of choice and revealed preference theory and then discusses numerical representations of ordinal preference. Models with uncertainty come next: First is von Neumann–Morgenstern utility, and then choice under uncertainty with subjective uncertainty, using the formulation of Anscombe and Aumann, and then sketching the development of Savage's classic theory. Finally, the course delves into a number of special topics, including de Finetti's theorem, modeling choice on a part of a larger problem, dynamic choice, and the empirical evidence against the classic models.

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About the Author:

David M. Kreps is the Paul E. Holden Professor of Economics in the Graduate School of Business, Stanford University.

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Kreps, David
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Book Description INGRAM PUBLISHER SERVICES US, United States, 1988. Paperback. Book Condition: New. Revised ed.. Language: English . Brand New Book ***** Print on Demand *****. In this book, Professor Kreps presents a first course on the basic models of choice theory that underlie much of economic theory. This course, taught for several years at the Graduate School of Business, Stanford University, gives the student an introduction to the axiomatic method of economic analysis, without placing too heavy a demand on mathematical sophistication.The course begins with the basics of choice and revealed preference theory and then discusses numerical representations of ordinal preference. Models with uncertainty come next: First is von Neumann-Morgenstern utility, and then choice under uncertainty with subjective uncertainty, using the formulation of Anscombe and Aumann, and then sketching the development of Savage s classic theory. Finally, the course delves into a number of special topics, including de Finetti s theorem, modeling choice on a part of a larger problem, dynamic choice, and the empirical evidence against the classic models. Bookseller Inventory # APC9780813375533

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Book Description INGRAM PUBLISHER SERVICES US, United States, 1988. Paperback. Book Condition: New. Revised ed.. Language: English . Brand New Book ***** Print on Demand *****.In this book, Professor Kreps presents a first course on the basic models of choice theory that underlie much of economic theory. This course, taught for several years at the Graduate School of Business, Stanford University, gives the student an introduction to the axiomatic method of economic analysis, without placing too heavy a demand on mathematical sophistication.The course begins with the basics of choice and revealed preference theory and then discusses numerical representations of ordinal preference. Models with uncertainty come next: First is von Neumann-Morgenstern utility, and then choice under uncertainty with subjective uncertainty, using the formulation of Anscombe and Aumann, and then sketching the development of Savage s classic theory. Finally, the course delves into a number of special topics, including de Finetti s theorem, modeling choice on a part of a larger problem, dynamic choice, and the empirical evidence against the classic models. Bookseller Inventory # APC9780813375533

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Book Description Westview Press. Paperback. Book Condition: New. This item is printed on demand. Paperback. 224 pages. In this book, Professor Kreps presents a first course on the basic models of choice theory that underlie much of economic theory. This course, taught for several years at the Graduate School of Business, Stanford University, gives the student an introduction to the axiomatic method of economic analysis, without placing too heavy a demand on mathematical sophistication. The course begins with the basics of choice and revealed preference theory and then discusses numerical representations of ordinal preference. Models with uncertainty come next: First is von NeumannMorgenstern utility, and then choice under uncertainty with subjective uncertainty, using the formulation of Anscombe and Aumann, and then sketching the development of Savages classic theory. Finally, the course delves into a number of special topics, including de Finettis theorem, modeling choice on a part of a larger problem, dynamic choice, and the empirical evidence against the classic models. This item ships from La Vergne,TN. Paperback. Bookseller Inventory # 9780813375533

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