Synopsis
This book challenges the validity of the expected utility hypothesis in the face of the cognitive limitations of real-world decision-makers. The author argues that when individuals confront local problems within a larger global context, they may justifiably depart from the assumptions of monotonicity (the preference for risk-aversion). The book explores situations where these deviations occur, arguing that decision theory should consider cognitive limitations and provide alternative frameworks for prescriptive guidance. This book offers a valuable analysis of the complexities of real-world decision-making and its implications for normative theory and empirical research on individual decisions and microeconomics.
"synopsis" may belong to another edition of this title.
Other Popular Editions of the Same Title
Search results for The Practical Justifiability of "Irrational"...
Seller Image
The Practical Justifiability of "Irrational" Aversion to Risk (Classic Reprint)
Print on DemandSeller: Forgotten Books, London, United Kingdom
Seller rating 4 out of 5 stars
Paperback. Condition: New. Print on Demand. This book challenges the validity of the expected utility hypothesis in the face of the cognitive limitations of real-world decision-makers. The author argues that when individuals confront local problems within a larger global context, they may justifiably depart from the assumptions of monotonicity (the preference for risk-aversion). The book explores situations where these deviations occur, arguing that decision theory should consider cognitive limitations and provide alternative frameworks for prescriptive guidance. This book offers a valuable analysis of the complexities of real-world decision-making and its implications for normative theory and empirical research on individual decisions and microeconomics. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. Seller Inventory # 9781334301490_0
Buy New
US$ 17.48
Free Shipping
Ships from United Kingdom to U.S.A.
Ships from United Kingdom to U.S.A.
Quantity: Over 20 available
Stock Image
The Practical Justifiability of Irrational Aversion to Risk Classic Reprint
Seller: PBShop.store US, Wood Dale, IL, U.S.A.
Seller rating 5 out of 5 stars
PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781334301490
Stock Image
The Practical Justifiability of Irrational Aversion to Risk Classic Reprint
Seller: PBShop.store UK, Fairford, GLOS, United Kingdom
Seller rating 4 out of 5 stars
PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781334301490
Buy New
US$ 24.06
US$ 4.42 shipping
Ships from United Kingdom to U.S.A.
Ships from United Kingdom to U.S.A.
Quantity: 15 available
Seller Image
PRAC JUSTIFIABILITY OF IRRATIO
Seller: moluna, Greven, Germany
Seller rating 5 out of 5 stars
Condition: New. KlappentextrnrnExcerpt from The Practical Justifiability of Irrational Aversion to RiskMy aim is to persuade management scientists, and social scientists generally, of a specific need for modification of decision theory as a prescripti. Seller Inventory # 2148131174
Buy New
US$ 20.81
US$ 56.92 shipping
Ships from Germany to U.S.A.
Ships from Germany to U.S.A.
Quantity: Over 20 available