Theory of decision under uncertainty:

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 probabi...

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Bibliographic Details
Main Author: Gilboa, Itzhak 1963- (Author)
Format: Electronic eBook
Language:English
Published: Cambridge Cambridge University Press 2009
Series:Econometric Society monographs 45
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Online Access:BSB01
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Summary: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
Item Description:Title from publisher's bibliographic system (viewed on 05 Oct 2015)
Physical Description:1 online resource (xiv, 214 pages)
ISBN:9780511840203
DOI:10.1017/CBO9780511840203

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