Foundations of Utility and Risk Theory with Applications

Language: English

Published by Springer Netherlands, 2010

9048183642 / 9789048183647

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Druck auf Anfrage Neuware - Printed after ordering - In this volume we present some o~ the papers that were delivered at FUR-82 - the First International Con~erence on Foundations o~ Utility and Risk Theory in Oslo, June 1982. The purpose o~ the con~erence was to provide a ~orum within which scientists could report on interesting applications o~ modern decision theory and exchange ideas about controversial issues in the ~oundations o~ the theory o~ choice under un certainty. With that purpose in mind we have selected a mixture of applied and theoretical papers that we hope will appeal to a wide spectrum o~ readers ~rom graduate students in social science departments and business schools to people involved in making hardheaded decisions in business and government. In an introductory article Ole Hagen gives an overview o~ various paradoxes in utility and risk theory and discusses these in the light o~ scientific methodology. He concludes the article by calling ~or joint efforts to provide decision makers with warkable theories. Kenneth Arrow takes up the same issue on a broad basis in his paper where he discusses the implications o~ behavior under uncertainty for policy. In the theoretical papers the reader will ~ind attempts at de~initive Statements of the meaning o~ old concepts and suggestions for the adoption o~ new concepts. For instance, Maurice Allais discusses four di~ferent interpretations o~ the axioms o~ probability and explains the need ~or an empirical characterization o~ the concept of chance.

Seller Inventory # 9789048183647

Title
Foundations of Utility and Risk Theory with Applications
Author
Fred Wenstøp
Publisher
Springer Netherlands
Publication year
2010
Condition
Neu
Binding
Taschenbuch
Language
English
ISBN 10
9048183642
ISBN 13
9789048183647
Item weight
762 grams
Dimensions
235x155x28 mm

AHA-BUCH GmbH

Einbeck, Germany

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