Progress in Descision, Utility and Risk Theory (Theory and Decision Library B, 13)

Chikan, Attila (ed.)

ISBN 10: 0792312112 / ISBN 13: 9780792312116

Published by Kluwer Academic Publishers, 1991

About this Item

This book has rubbing and surface scratching to both covers and a very gentle dent to the edge of the back cover, otherwise this book is in excellent condition with crisp, unmarked pages, a tight binding, and a strong, clean cover.

Seller Inventory # 1039308

Bibliographic Details

• Title: Progress in Descision, Utility and Risk Theory (Theory and Decision Library B, 13)
• Publisher: Kluwer Academic Publishers
• Publication Date: 1991
• Language: English
• ISBN 10: 0792312112
• ISBN 13: 9780792312116
• Binding: Hardcover
• Condition: Near Fine
• Seller catalogs:
  • Mathematics

About this title

Synopsis

In this volume we present some of the papers delivered at FUR-IV - the Fourth International Conference on Founda­ tions and Applications of Utility, Risk and Decision Theory in Budapest, June 1988. The FUR Conferences have provided an appreciated forum every two years since 1982 within which scientists can report recent issues and prospective applications of decision theory, and exchange ideas about controversial questions of this field. Focal points of the presented papers are: expected utility versus alterna­ tive utility models, concepts of risk and uncertainty, developments of game theory, and investigations of real decision making behaviour under uncertainty and/or in risky situations. We hope that this sample of papers will appeal to a wide spectrum of readers who are interested in and fami­ liar with this interesting and exciting issues of decision theory. A wide range of theoretical and practical questions is considered in papers included in this volume, and many of them closely related to economics. In fact, there were two Nobel-Laureates in economics among the participants: I. Herbert A. Simon (1978) and Maurice Allais (1988), who won the prize just after the conference. His paper deals with problems of cardinal utility. After a concise overview of the history and theory of cardinal utility he gives an estimate of the invariant cardinal utility function for its whole domain of variation (i. e.