Rational decisions:
Saved in:
| Main Author: | |
|---|---|
| Format: | Electronic eBook |
| Language: | English |
| Published: |
Princeton ; Oxford
Princeton University Press
[2009]
|
| Series: | The Gorman lectures in economics
|
| Subjects: | |
| Online Access: | DE-1043 DE-1046 DE-858 DE-859 DE-860 DE-19 DE-739 Volltext Volltext |
| Item Description: | Main description: It is widely held that Bayesian decision theory is the final word on how a rational person should make decisions. However, Leonard Savage--the inventor of Bayesian decision theory--argued that it would be ridiculous to use his theory outside the kind of small world in which it is always possible to "look before you leap." If taken seriously, this view makes Bayesian decision theory inappropriate for the large worlds of scientific discovery and macroeconomic enterprise. When is it correct to use Bayesian decision theory--and when does it need to be modified? Using a minimum of mathematics, Rational Decisions clearly explains the foundations of Bayesian decision theory and shows why Savage restricted the theory's application to small worlds. The book is a wide-ranging exploration of standard theories of choice and belief under risk and uncertainty. Ken Binmore discusses the various philosophical attitudes related to the nature of probability and offers resolutions to paradoxes believed to hinder further progress. In arguing that the Bayesian approach to knowledge is inadequate in a large world, Binmore proposes an extension to Bayesian decision theory--allowing the idea of a mixed strategy in game theory to be expanded to a larger set of what Binmore refers to as "muddled" strategies. Written by one of the world's leading game theorists, Rational Decisions is the touchstone for anyone needing a concise, accessible, and expert view on Bayesian decision making |
| Physical Description: | 1 Online-Ressource |
| ISBN: | 9781400833092 |
| DOI: | 10.1515/9781400833092 |
Staff View
MARC
| LEADER | 00000nam a2200000zc 4500 | ||
|---|---|---|---|
| 001 | BV042522611 | ||
| 003 | DE-604 | ||
| 005 | 20210727 | ||
| 007 | cr|uuu---uuuuu | ||
| 008 | 150423s2009 xx o|||| 00||| eng d | ||
| 020 | |a 9781400833092 |9 978-1-4008-3309-2 | ||
| 024 | 7 | |a 10.1515/9781400833092 |2 doi | |
| 035 | |a (OCoLC)812407637 | ||
| 035 | |a (DE-599)BVBBV042522611 | ||
| 040 | |a DE-604 |b ger |e aacr | ||
| 041 | 0 | |a eng | |
| 049 | |a DE-859 |a DE-860 |a DE-19 |a DE-739 |a DE-1046 |a DE-1043 |a DE-858 | ||
| 084 | |a CM 5500 |0 (DE-625)18957: |2 rvk | ||
| 084 | |a QC 010 |0 (DE-625)141236: |2 rvk | ||
| 084 | |a QH 233 |0 (DE-625)141548: |2 rvk | ||
| 084 | |a QH 430 |0 (DE-625)141581: |2 rvk | ||
| 084 | |a SK 830 |0 (DE-625)143259: |2 rvk | ||
| 100 | 1 | |a Binmore, Ken |d 1940- |e Verfasser |0 (DE-588)113051034 |4 aut | |
| 245 | 1 | 0 | |a Rational decisions |c Ken Binmore |
| 264 | 1 | |a Princeton ; Oxford |b Princeton University Press |c [2009] | |
| 300 | |a 1 Online-Ressource | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b c |2 rdamedia | ||
| 338 | |b cr |2 rdacarrier | ||
| 490 | 0 | |a The Gorman lectures in economics | |
| 500 | |a Main description: It is widely held that Bayesian decision theory is the final word on how a rational person should make decisions. However, Leonard Savage--the inventor of Bayesian decision theory--argued that it would be ridiculous to use his theory outside the kind of small world in which it is always possible to "look before you leap." If taken seriously, this view makes Bayesian decision theory inappropriate for the large worlds of scientific discovery and macroeconomic enterprise. When is it correct to use Bayesian decision theory--and when does it need to be modified? Using a minimum of mathematics, Rational Decisions clearly explains the foundations of Bayesian decision theory and shows why Savage restricted the theory's application to small worlds. The book is a wide-ranging exploration of standard theories of choice and belief under risk and uncertainty. Ken Binmore discusses the various philosophical attitudes related to the nature of probability and offers resolutions to paradoxes believed to hinder further progress. In arguing that the Bayesian approach to knowledge is inadequate in a large world, Binmore proposes an extension to Bayesian decision theory--allowing the idea of a mixed strategy in game theory to be expanded to a larger set of what Binmore refers to as "muddled" strategies. Written by one of the world's leading game theorists, Rational Decisions is the touchstone for anyone needing a concise, accessible, and expert view on Bayesian decision making | ||
| 650 | 0 | 7 | |a Rational Choice |0 (DE-588)4274923-2 |2 gnd |9 rswk-swf |
| 689 | 0 | 0 | |a Rational Choice |0 (DE-588)4274923-2 |D s |
| 689 | 0 | |8 1\p |5 DE-604 | |
| 776 | 0 | 8 | |i Erscheint auch als |n Druck-Ausgabe |z 978-0-691-13074-3 |
| 856 | 4 | 0 | |u https://doi.org/10.1515/9781400833092 |x Verlag |3 Volltext |
| 856 | 4 | 0 | |u http://www.degruyter.com/search?f_0=isbnissn&q_0=9781400833092&searchTitles=true |x Verlag |3 Volltext |
| 883 | 1 | |8 1\p |a cgwrk |d 20201028 |q DE-101 |u https://d-nb.info/provenance/plan#cgwrk | |
| 912 | |a ZDB-23-DGG | ||
| 943 | 1 | |a oai:aleph.bib-bvb.de:BVB01-027956950 | |
| 966 | e | |u https://doi.org/10.1515/9781400833092?locatt=mode:legacy |l DE-1043 |p ZDB-23-DGG |x Verlag |3 Volltext | |
| 966 | e | |u https://doi.org/10.1515/9781400833092?locatt=mode:legacy |l DE-1046 |p ZDB-23-DGG |q FAW_PDA_DGG |x Verlag |3 Volltext | |
| 966 | e | |u https://doi.org/10.1515/9781400833092?locatt=mode:legacy |l DE-858 |p ZDB-23-DGG |q FCO_PDA_DGG |x Verlag |3 Volltext | |
| 966 | e | |u https://doi.org/10.1515/9781400833092?locatt=mode:legacy |l DE-859 |p ZDB-23-DGG |q FKE_PDA_DGG |x Verlag |3 Volltext | |
| 966 | e | |u https://doi.org/10.1515/9781400833092?locatt=mode:legacy |l DE-860 |p ZDB-23-DGG |q FLA_PDA_DGG |x Verlag |3 Volltext | |
| 966 | e | |u https://doi.org/10.1515/9781400833092?locatt=mode:legacy |l DE-19 |p ZDB-23-DGG |q UBM_PDA_DGG_Kauf21 |x Verlag |3 Volltext | |
| 966 | e | |u https://doi.org/10.1515/9781400833092?locatt=mode:legacy |l DE-739 |p ZDB-23-DGG |q UPA_PDA_DGG |x Verlag |3 Volltext | |
Record in the Search Index
| _version_ | 1824408206778040320 |
|---|---|
| adam_text | |
| any_adam_object | |
| author | Binmore, Ken 1940- |
| author_GND | (DE-588)113051034 |
| author_facet | Binmore, Ken 1940- |
| author_role | aut |
| author_sort | Binmore, Ken 1940- |
| author_variant | k b kb |
| building | Verbundindex |
| bvnumber | BV042522611 |
| classification_rvk | CM 5500 QC 010 QH 233 QH 430 SK 830 |
| collection | ZDB-23-DGG |
| ctrlnum | (OCoLC)812407637 (DE-599)BVBBV042522611 |
| discipline | Psychologie Mathematik Wirtschaftswissenschaften |
| doi_str_mv | 10.1515/9781400833092 |
| format | Electronic eBook |
| fullrecord | <?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>00000nam a2200000zc 4500</leader><controlfield tag="001">BV042522611</controlfield><controlfield tag="003">DE-604</controlfield><controlfield tag="005">20210727</controlfield><controlfield tag="007">cr|uuu---uuuuu</controlfield><controlfield tag="008">150423s2009 xx o|||| 00||| eng d</controlfield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">9781400833092</subfield><subfield code="9">978-1-4008-3309-2</subfield></datafield><datafield tag="024" ind1="7" ind2=" "><subfield code="a">10.1515/9781400833092</subfield><subfield code="2">doi</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(OCoLC)812407637</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-599)BVBBV042522611</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-604</subfield><subfield code="b">ger</subfield><subfield code="e">aacr</subfield></datafield><datafield tag="041" ind1="0" ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">DE-859</subfield><subfield code="a">DE-860</subfield><subfield code="a">DE-19</subfield><subfield code="a">DE-739</subfield><subfield code="a">DE-1046</subfield><subfield code="a">DE-1043</subfield><subfield code="a">DE-858</subfield></datafield><datafield tag="084" ind1=" " ind2=" "><subfield code="a">CM 5500</subfield><subfield code="0">(DE-625)18957:</subfield><subfield code="2">rvk</subfield></datafield><datafield tag="084" ind1=" " ind2=" "><subfield code="a">QC 010</subfield><subfield code="0">(DE-625)141236:</subfield><subfield code="2">rvk</subfield></datafield><datafield tag="084" ind1=" " ind2=" "><subfield code="a">QH 233</subfield><subfield code="0">(DE-625)141548:</subfield><subfield code="2">rvk</subfield></datafield><datafield tag="084" ind1=" " ind2=" "><subfield code="a">QH 430</subfield><subfield code="0">(DE-625)141581:</subfield><subfield code="2">rvk</subfield></datafield><datafield tag="084" ind1=" " ind2=" "><subfield code="a">SK 830</subfield><subfield code="0">(DE-625)143259:</subfield><subfield code="2">rvk</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">Binmore, Ken</subfield><subfield code="d">1940-</subfield><subfield code="e">Verfasser</subfield><subfield code="0">(DE-588)113051034</subfield><subfield code="4">aut</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">Rational decisions</subfield><subfield code="c">Ken Binmore</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="a">Princeton ; Oxford</subfield><subfield code="b">Princeton University Press</subfield><subfield code="c">[2009]</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">1 Online-Ressource</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="b">c</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="b">cr</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="490" ind1="0" ind2=" "><subfield code="a">The Gorman lectures in economics</subfield></datafield><datafield tag="500" ind1=" " ind2=" "><subfield code="a">Main description: It is widely held that Bayesian decision theory is the final word on how a rational person should make decisions. However, Leonard Savage--the inventor of Bayesian decision theory--argued that it would be ridiculous to use his theory outside the kind of small world in which it is always possible to "look before you leap." If taken seriously, this view makes Bayesian decision theory inappropriate for the large worlds of scientific discovery and macroeconomic enterprise. When is it correct to use Bayesian decision theory--and when does it need to be modified? Using a minimum of mathematics, Rational Decisions clearly explains the foundations of Bayesian decision theory and shows why Savage restricted the theory's application to small worlds. The book is a wide-ranging exploration of standard theories of choice and belief under risk and uncertainty. Ken Binmore discusses the various philosophical attitudes related to the nature of probability and offers resolutions to paradoxes believed to hinder further progress. In arguing that the Bayesian approach to knowledge is inadequate in a large world, Binmore proposes an extension to Bayesian decision theory--allowing the idea of a mixed strategy in game theory to be expanded to a larger set of what Binmore refers to as "muddled" strategies. Written by one of the world's leading game theorists, Rational Decisions is the touchstone for anyone needing a concise, accessible, and expert view on Bayesian decision making</subfield></datafield><datafield tag="650" ind1="0" ind2="7"><subfield code="a">Rational Choice</subfield><subfield code="0">(DE-588)4274923-2</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="689" ind1="0" ind2="0"><subfield code="a">Rational Choice</subfield><subfield code="0">(DE-588)4274923-2</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="0" ind2=" "><subfield code="8">1\p</subfield><subfield code="5">DE-604</subfield></datafield><datafield tag="776" ind1="0" ind2="8"><subfield code="i">Erscheint auch als</subfield><subfield code="n">Druck-Ausgabe</subfield><subfield code="z">978-0-691-13074-3</subfield></datafield><datafield tag="856" ind1="4" ind2="0"><subfield code="u">https://doi.org/10.1515/9781400833092</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="856" ind1="4" ind2="0"><subfield code="u">http://www.degruyter.com/search?f_0=isbnissn&q_0=9781400833092&searchTitles=true</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="883" ind1="1" ind2=" "><subfield code="8">1\p</subfield><subfield code="a">cgwrk</subfield><subfield code="d">20201028</subfield><subfield code="q">DE-101</subfield><subfield code="u">https://d-nb.info/provenance/plan#cgwrk</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-23-DGG</subfield></datafield><datafield tag="943" ind1="1" ind2=" "><subfield code="a">oai:aleph.bib-bvb.de:BVB01-027956950</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">https://doi.org/10.1515/9781400833092?locatt=mode:legacy</subfield><subfield code="l">DE-1043</subfield><subfield code="p">ZDB-23-DGG</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">https://doi.org/10.1515/9781400833092?locatt=mode:legacy</subfield><subfield code="l">DE-1046</subfield><subfield code="p">ZDB-23-DGG</subfield><subfield code="q">FAW_PDA_DGG</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">https://doi.org/10.1515/9781400833092?locatt=mode:legacy</subfield><subfield code="l">DE-858</subfield><subfield code="p">ZDB-23-DGG</subfield><subfield code="q">FCO_PDA_DGG</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">https://doi.org/10.1515/9781400833092?locatt=mode:legacy</subfield><subfield code="l">DE-859</subfield><subfield code="p">ZDB-23-DGG</subfield><subfield code="q">FKE_PDA_DGG</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">https://doi.org/10.1515/9781400833092?locatt=mode:legacy</subfield><subfield code="l">DE-860</subfield><subfield code="p">ZDB-23-DGG</subfield><subfield code="q">FLA_PDA_DGG</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">https://doi.org/10.1515/9781400833092?locatt=mode:legacy</subfield><subfield code="l">DE-19</subfield><subfield code="p">ZDB-23-DGG</subfield><subfield code="q">UBM_PDA_DGG_Kauf21</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">https://doi.org/10.1515/9781400833092?locatt=mode:legacy</subfield><subfield code="l">DE-739</subfield><subfield code="p">ZDB-23-DGG</subfield><subfield code="q">UPA_PDA_DGG</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield></record></collection> |
| id | DE-604.BV042522611 |
| illustrated | Not Illustrated |
| indexdate | 2025-02-18T15:07:29Z |
| institution | BVB |
| isbn | 9781400833092 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-027956950 |
| oclc_num | 812407637 |
| open_access_boolean | |
| owner | DE-859 DE-860 DE-19 DE-BY-UBM DE-739 DE-1046 DE-1043 DE-858 |
| owner_facet | DE-859 DE-860 DE-19 DE-BY-UBM DE-739 DE-1046 DE-1043 DE-858 |
| physical | 1 Online-Ressource |
| psigel | ZDB-23-DGG ZDB-23-DGG FAW_PDA_DGG ZDB-23-DGG FCO_PDA_DGG ZDB-23-DGG FKE_PDA_DGG ZDB-23-DGG FLA_PDA_DGG ZDB-23-DGG UBM_PDA_DGG_Kauf21 ZDB-23-DGG UPA_PDA_DGG |
| publishDate | 2009 |
| publishDateSearch | 2009 |
| publishDateSort | 2009 |
| publisher | Princeton University Press |
| record_format | marc |
| series2 | The Gorman lectures in economics |
| spelling | Binmore, Ken 1940- Verfasser (DE-588)113051034 aut Rational decisions Ken Binmore Princeton ; Oxford Princeton University Press [2009] 1 Online-Ressource txt rdacontent c rdamedia cr rdacarrier The Gorman lectures in economics Main description: It is widely held that Bayesian decision theory is the final word on how a rational person should make decisions. However, Leonard Savage--the inventor of Bayesian decision theory--argued that it would be ridiculous to use his theory outside the kind of small world in which it is always possible to "look before you leap." If taken seriously, this view makes Bayesian decision theory inappropriate for the large worlds of scientific discovery and macroeconomic enterprise. When is it correct to use Bayesian decision theory--and when does it need to be modified? Using a minimum of mathematics, Rational Decisions clearly explains the foundations of Bayesian decision theory and shows why Savage restricted the theory's application to small worlds. The book is a wide-ranging exploration of standard theories of choice and belief under risk and uncertainty. Ken Binmore discusses the various philosophical attitudes related to the nature of probability and offers resolutions to paradoxes believed to hinder further progress. In arguing that the Bayesian approach to knowledge is inadequate in a large world, Binmore proposes an extension to Bayesian decision theory--allowing the idea of a mixed strategy in game theory to be expanded to a larger set of what Binmore refers to as "muddled" strategies. Written by one of the world's leading game theorists, Rational Decisions is the touchstone for anyone needing a concise, accessible, and expert view on Bayesian decision making Rational Choice (DE-588)4274923-2 gnd rswk-swf Rational Choice (DE-588)4274923-2 s 1\p DE-604 Erscheint auch als Druck-Ausgabe 978-0-691-13074-3 https://doi.org/10.1515/9781400833092 Verlag Volltext http://www.degruyter.com/search?f_0=isbnissn&q_0=9781400833092&searchTitles=true Verlag Volltext 1\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk |
| spellingShingle | Binmore, Ken 1940- Rational decisions Rational Choice (DE-588)4274923-2 gnd |
| subject_GND | (DE-588)4274923-2 |
| title | Rational decisions |
| title_auth | Rational decisions |
| title_exact_search | Rational decisions |
| title_full | Rational decisions Ken Binmore |
| title_fullStr | Rational decisions Ken Binmore |
| title_full_unstemmed | Rational decisions Ken Binmore |
| title_short | Rational decisions |
| title_sort | rational decisions |
| topic | Rational Choice (DE-588)4274923-2 gnd |
| topic_facet | Rational Choice |
| url | https://doi.org/10.1515/9781400833092 http://www.degruyter.com/search?f_0=isbnissn&q_0=9781400833092&searchTitles=true |
| work_keys_str_mv | AT binmoreken rationaldecisions |