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The Economics of Uncertainty.

Borch, Karl Henrik.

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ISBN 10: 0691041245 / ISBN 13: 9780691041247
Published by Princeton University Press, 1968, 227 Pp., 1968
Used Condition: Very Good Hardcover
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HARDCOVER; in original blue cloth; ex-library; minor shelfwear w/ head and tail of spine and corners bumnped; small splits in cloth covers at corners; o/w in very good condition. Bookseller Inventory # HL7-11

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Bibliographic Details

Title: The Economics of Uncertainty.

Publisher: Princeton University Press, 1968, 227 Pp.

Publication Date: 1968

Binding: Hard Cover

Book Condition:Very Good

Dust Jacket Condition: No Jacket

About this title

Synopsis:

Game theory has brought into economics an uncertainty principle similar to the one brought into physics by the quantum theory. Professor Barch's main purpose in this book is to show how one can construct realistic economic theories by taking uncertainty into account instead of dismissing it. He brings together a number of recent developments in different fields of economics and other social sciences in which uncertainty and chance play a central role and shows that they really constitute an entity. These developments include the revisions of utility, the introduction of game theory as a basic tool, and the view of the foundations of probability theory adopted by modern Bayesian statisticians.

Originally published in 1968.

The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.

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