Springer Independence, Additivity, Uncertainty: 14 (Studies in Economic Theory, 14)

Product Description Volume 14 in the Studies in Economic Theory series deals with the important economic problem of uncertainty. It contains all the classical results, but also new results that give a solution to how uncertainty can be formalized. Review From the reviews of the first edition: "The most important contribution of this book is to formalize, simplify and unify concepts of uncertainity that occur in mathematical economics. … This well-written book provides an elegant and serious introduction to the basic concepts and results of representations of preferences as sums and integrals. It discusses in detail the decomposition of preferences into utilities and probabilities. This lively presentation … is impressive. The book will serve as an inspiration for further research and can be recommended … ." (P.R. Parthasarathy, Zentralblatt MATH, Vol. 1080, 2006)