UID:
almafu_9960119996402883
Format:
1 online resource (xiv, 214 pages) :
,
digital, PDF file(s).
ISBN:
1-107-77664-3
,
1-107-77905-7
,
0-511-84020-9
Series Statement:
Econometric Society monographs ; 45
Content:
This book describes the classical axiomatic theories of decision under uncertainty, as well as critiques thereof and alternative theories. It focuses on the meaning of probability, discussing some definitions and surveying their scope of applicability. The behavioral definition of subjective probability serves as a way to present the classical theories, culminating in Savage's theorem. The limitations of this result as a definition of probability lead to two directions - first, similar behavioral definitions of more general theories, such as non-additive probabilities and multiple priors, and second, cognitive derivations based on case-based techniques.
Note:
Title from publisher's bibliographic system (viewed on 05 Oct 2015).
,
Intuitive definitions -- Motivating examples -- Free will and determinism -- The principle of indifference -- Relative frequencies -- Subjective probabilities -- Behavioral definitions -- A case study -- The role of theories -- Von Neumann-Morgenstern's theorem -- De Finetti's theorem -- Savage's theorem -- The definition of states -- A critique of savage -- Objectivity and rationality -- Ascombe-Aumann's theorem -- Alternative behavioral theories -- Choquet expected utility -- Prospect theory -- Maxmin expected utility -- Cognitive origins -- Case-based qualitative beliefs -- Frequentism revisited -- Future research.
,
English
Additional Edition:
ISBN 0-521-74123-8
Additional Edition:
ISBN 0-521-51732-X
Language:
English
Subjects:
Economics
URL:
Volltext
(URL des Erstveröffentlichers)
URL:
Volltext
(lizenzpflichtig)
URL:
https://doi.org/10.1017/CBO9780511840203
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