Bayesian Analysis and Uncertainty in Economic Theory

Language: English

Published by Springer, 2011

9401079226 / 9789401079228

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Druck auf Anfrage Neuware - Printed after ordering - We began this research with the objective of applying Bayesian methods of analysis to various aspects of economic theory. We were attracted to the Bayesian approach because it seemed the best analytic framework available for dealing with decision making under uncertainty, and the research presented in this book has only served to strengthen our belief in the appropriateness and usefulness of this methodology. More specif ically, we believe that the concept of organizational learning is funda mental to decision making under uncertainty in economics and that the Bayesian framework is the most appropriate for developing that concept. The central and unifying theme of this book is decision making under uncertainty in microeconomic theory. Our fundamental aim is to explore the ways in which firms and households make decisions and to develop models that have a strong empirical connection. Thus, we have attempted to contribute to economic theory by formalizing models of the actual pro cess of decision making under uncertainty. Bayesian methodology pro vides the appropriate vehicle for this formalization.…

Seller Inventory # 9789401079228

Title
Bayesian Analysis and Uncertainty in Economic Theory
Author
Richard Michael Cyert
Publisher
Springer
Publication year
2011
Condition
Neu
Binding
Taschenbuch
Language
English
ISBN 10
9401079226
ISBN 13
9789401079228
Item weight
347 grams
Dimensions
235x155x13 mm

AHA-BUCH GmbH

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