Risk, choice, and uncertainty: three centuries of economic decision-making
At its core, economics is about making decisions. In the history of economic thought, great intellectual prowess has been exerted toward devising exquisite theories of optimal decision making in situations of constraint, risk, and scarcity. Yet not all of our choices are purely logical, and so there...
Gespeichert in:
| 1. Verfasser: | |
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
New York
Columbia University Press
[2020]
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| Schlagworte: | |
| Online-Zugang: | DE-12 DE-1043 DE-1046 DE-858 DE-Aug4 DE-898 DE-859 DE-860 DE-473 DE-706 DE-945 DE-29 DE-739 Volltext |
| Zusammenfassung: | At its core, economics is about making decisions. In the history of economic thought, great intellectual prowess has been exerted toward devising exquisite theories of optimal decision making in situations of constraint, risk, and scarcity. Yet not all of our choices are purely logical, and so there is a longstanding tension between those emphasizing the rational and irrational sides of human behavior. One strand develops formal models of rational utility maximizing while the other draws on what behavioral science has shown about our tendency to act irrationally.In Risk, Choice, and Uncertainty, George G. Szpiro offers a new narrative of the three-century history of the study of decision making, tracing how crucial ideas have evolved and telling the stories of the thinkers who shaped the field. Szpiro examines economics from the early days of theories spun from anecdotal evidence to the rise of a discipline built around elegant mathematics through the past half century's interest in describing how people actually behave. Considering the work of Locke, Bentham, Jevons, Walras, Friedman, Tversky and Kahneman, Thaler, and a range of other thinkers, he sheds light on the vast scope of discovery since Bernoulli first proposed a solution to the St. Petersburg Paradox. Presenting fundamental mathematical theories in easy-to-understand language, Risk, Choice, and Uncertainty is a revelatory history for readers seeking to grasp the grand sweep of economic thought |
| Beschreibung: | 1 Online-Ressource (XII, 250 Seiten) Illustrationen, Diagramme |
| ISBN: | 9780231550970 |
| DOI: | 10.7312/szpi19474 |
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| id | DE-604.BV046669080 |
| illustrated | Not Illustrated |
| index_date | 2024-07-03T14:21:06Z |
| indexdate | 2024-09-18T14:02:33Z |
| institution | BVB |
| isbn | 9780231550970 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-032080083 |
| oclc_num | 1151461726 |
| open_access_boolean | |
| owner | DE-1046 DE-Aug4 DE-859 DE-860 DE-739 DE-29 DE-473 DE-BY-UBG DE-898 DE-BY-UBR DE-1043 DE-12 DE-706 DE-945 DE-858 DE-11 |
| owner_facet | DE-1046 DE-Aug4 DE-859 DE-860 DE-739 DE-29 DE-473 DE-BY-UBG DE-898 DE-BY-UBR DE-1043 DE-12 DE-706 DE-945 DE-858 DE-11 |
| physical | 1 Online-Ressource (XII, 250 Seiten) Illustrationen, Diagramme |
| psigel | ZDB-23-DGG ZDB-23-DBV ZDB-23-DBV20 BSB_NED_20200715 ZDB-23-DBV BSB_DBV_ColumbiaUniversityPress ZDB-23-DGG FAB_PDA_DGG ZDB-23-DGG FAW_PDA_DGG ZDB-23-DGG FCO_PDA_DGG ZDB-23-DGG FHA_PDA_DGG ZDB-23-DBV FHR_ZDB-23-DBV20 ZDB-23-DGG FKE_PDA_DGG ZDB-23-DGG FLA_PDA_DGG ZDB-23-DGG UBG_PDA_DGG ZDB-23-DBV ZDB-23-DBV20 ZDB-23-DGG UER_PDA_DGG_Kauf ZDB-23-DGG UPA_PDA_DGG |
| publishDate | 2020 |
| publishDateSearch | 2020 |
| publishDateSort | 2020 |
| publisher | Columbia University Press |
| record_format | marc |
| spelling | Szpiro, George 1950- Verfasser (DE-588)129564931 aut Risk, choice, and uncertainty three centuries of economic decision-making George Szpiro New York Columbia University Press [2020] © 2020 1 Online-Ressource (XII, 250 Seiten) Illustrationen, Diagramme txt rdacontent c rdamedia cr rdacarrier At its core, economics is about making decisions. In the history of economic thought, great intellectual prowess has been exerted toward devising exquisite theories of optimal decision making in situations of constraint, risk, and scarcity. Yet not all of our choices are purely logical, and so there is a longstanding tension between those emphasizing the rational and irrational sides of human behavior. One strand develops formal models of rational utility maximizing while the other draws on what behavioral science has shown about our tendency to act irrationally.In Risk, Choice, and Uncertainty, George G. Szpiro offers a new narrative of the three-century history of the study of decision making, tracing how crucial ideas have evolved and telling the stories of the thinkers who shaped the field. Szpiro examines economics from the early days of theories spun from anecdotal evidence to the rise of a discipline built around elegant mathematics through the past half century's interest in describing how people actually behave. Considering the work of Locke, Bentham, Jevons, Walras, Friedman, Tversky and Kahneman, Thaler, and a range of other thinkers, he sheds light on the vast scope of discovery since Bernoulli first proposed a solution to the St. Petersburg Paradox. Presenting fundamental mathematical theories in easy-to-understand language, Risk, Choice, and Uncertainty is a revelatory history for readers seeking to grasp the grand sweep of economic thought Geschichte gnd rswk-swf BUSINESS & ECONOMICS / Economic History bisacsh Decision making Risk management Unvollkommene Information (DE-588)4140474-9 gnd rswk-swf Entscheidung bei Risiko (DE-588)4225781-5 gnd rswk-swf Verhaltensökonomie (DE-588)7751254-6 gnd rswk-swf Entscheidung bei Unsicherheit (DE-588)4070864-0 gnd rswk-swf Entscheidungstheorie (DE-588)4138606-1 gnd rswk-swf Entscheidungstheorie (DE-588)4138606-1 s Entscheidung bei Unsicherheit (DE-588)4070864-0 s Entscheidung bei Risiko (DE-588)4225781-5 s Unvollkommene Information (DE-588)4140474-9 s Verhaltensökonomie (DE-588)7751254-6 s Geschichte z b DE-604 Erscheint auch als Druck-Ausgabe 9780231194747 https://doi.org/10.7312/szpi19474 Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Szpiro, George 1950- Risk, choice, and uncertainty three centuries of economic decision-making BUSINESS & ECONOMICS / Economic History bisacsh Decision making Risk management Unvollkommene Information (DE-588)4140474-9 gnd Entscheidung bei Risiko (DE-588)4225781-5 gnd Verhaltensökonomie (DE-588)7751254-6 gnd Entscheidung bei Unsicherheit (DE-588)4070864-0 gnd Entscheidungstheorie (DE-588)4138606-1 gnd |
| subject_GND | (DE-588)4140474-9 (DE-588)4225781-5 (DE-588)7751254-6 (DE-588)4070864-0 (DE-588)4138606-1 |
| title | Risk, choice, and uncertainty three centuries of economic decision-making |
| title_auth | Risk, choice, and uncertainty three centuries of economic decision-making |
| title_exact_search | Risk, choice, and uncertainty three centuries of economic decision-making |
| title_exact_search_txtP | Risk, choice, and uncertainty three centuries of economic decision-making |
| title_full | Risk, choice, and uncertainty three centuries of economic decision-making George Szpiro |
| title_fullStr | Risk, choice, and uncertainty three centuries of economic decision-making George Szpiro |
| title_full_unstemmed | Risk, choice, and uncertainty three centuries of economic decision-making George Szpiro |
| title_short | Risk, choice, and uncertainty |
| title_sort | risk choice and uncertainty three centuries of economic decision making |
| title_sub | three centuries of economic decision-making |
| topic | BUSINESS & ECONOMICS / Economic History bisacsh Decision making Risk management Unvollkommene Information (DE-588)4140474-9 gnd Entscheidung bei Risiko (DE-588)4225781-5 gnd Verhaltensökonomie (DE-588)7751254-6 gnd Entscheidung bei Unsicherheit (DE-588)4070864-0 gnd Entscheidungstheorie (DE-588)4138606-1 gnd |
| topic_facet | BUSINESS & ECONOMICS / Economic History Decision making Risk management Unvollkommene Information Entscheidung bei Risiko Verhaltensökonomie Entscheidung bei Unsicherheit Entscheidungstheorie |
| url | https://doi.org/10.7312/szpi19474 |
| work_keys_str_mv | AT szpirogeorge riskchoiceanduncertaintythreecenturiesofeconomicdecisionmaking |