The history and methodology of expected utility:
This Element offers an accessible but technically detailed review of expected utility theory (EU), which is a model of individual decision-making under uncertainty that is central for both economics and philosophy. The Element's approach falls between the history of ideas and economic methodolo...
Gespeichert in:
| 1. Verfasser: | |
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Cambridge
Cambridge University Press
2023
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| Schriftenreihe: | Cambridge elements
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| Schlagworte: | |
| Online-Zugang: | BSB01 UBG01 URL des Erstveröffentlichers |
| Zusammenfassung: | This Element offers an accessible but technically detailed review of expected utility theory (EU), which is a model of individual decision-making under uncertainty that is central for both economics and philosophy. The Element's approach falls between the history of ideas and economic methodology. At the historical level, it reviews EU by following its conceptual evolution from its original formulation in the eighteenth century through its transformations and extensions in the mid-twentieth century to its more recent supersession by post-EU theories such as prospect theory. In reconstructing the history of EU, it focuses on the methodological issues that have accompanied its evolution, such as whether the utility function and the other components of EU correspond to actual mental entities. On many of these issues, no consensus has yet been reached, and in this Element the author offers his view on them |
| Beschreibung: | Title from publisher's bibliographic system (viewed on 31 Jul 2023) |
| Beschreibung: | 1 Online-Ressource (80 Seiten) |
| ISBN: | 9781009198295 |
| DOI: | 10.1017/9781009198295 |
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Datensatz im Suchindex
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| illustrated | Not Illustrated |
| index_date | 2024-07-03T23:12:58Z |
| indexdate | 2024-07-10T10:07:35Z |
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| isbn | 9781009198295 |
| language | English |
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| publisher | Cambridge University Press |
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| spelling | Moscati, Ivan (DE-588)117606455X aut The history and methodology of expected utility Ivan Moscati Cambridge Cambridge University Press 2023 1 Online-Ressource (80 Seiten) txt rdacontent c rdamedia cr rdacarrier Cambridge elements Title from publisher's bibliographic system (viewed on 31 Jul 2023) This Element offers an accessible but technically detailed review of expected utility theory (EU), which is a model of individual decision-making under uncertainty that is central for both economics and philosophy. The Element's approach falls between the history of ideas and economic methodology. At the historical level, it reviews EU by following its conceptual evolution from its original formulation in the eighteenth century through its transformations and extensions in the mid-twentieth century to its more recent supersession by post-EU theories such as prospect theory. In reconstructing the history of EU, it focuses on the methodological issues that have accompanied its evolution, such as whether the utility function and the other components of EU correspond to actual mental entities. On many of these issues, no consensus has yet been reached, and in this Element the author offers his view on them Utility theory Uncertainty Decision making Erscheint auch als Druck-Ausgabe 978-1-009-19826-4 https://doi.org/10.1017/9781009198295 Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Moscati, Ivan The history and methodology of expected utility Utility theory Uncertainty Decision making |
| title | The history and methodology of expected utility |
| title_auth | The history and methodology of expected utility |
| title_exact_search | The history and methodology of expected utility |
| title_exact_search_txtP | The history and methodology of expected utility |
| title_full | The history and methodology of expected utility Ivan Moscati |
| title_fullStr | The history and methodology of expected utility Ivan Moscati |
| title_full_unstemmed | The history and methodology of expected utility Ivan Moscati |
| title_short | The history and methodology of expected utility |
| title_sort | the history and methodology of expected utility |
| topic | Utility theory Uncertainty Decision making |
| topic_facet | Utility theory Uncertainty Decision making |
| url | https://doi.org/10.1017/9781009198295 |
| work_keys_str_mv | AT moscatiivan thehistoryandmethodologyofexpectedutility |