Cambridge Theory of Decision under Uncertainty - Economics Book - Image 1

£85.99

Cambridge University Press Cambridge Theory of Decision under Uncertainty - Economics Book

Name: Cambridge Theory of Decision under Uncertainty - Economics Book
Brand: Cambridge University Press
Price: 85.99 GBP
Availability: InStock

Econometrics

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Description

Explore the foundational principles of economic decision-making with this scholarly work from Cambridge University Press. As part of the Econometric Society Monographs (Series Number 45), this book provides a deep examination of classical axiomatic theories regarding decision-making under uncertainty. Readers will gain a clear understanding of the meaning of probability through various definitions and their specific applications. The text uses the behavioral definition of subjective probability to present classical theories, leading to a detailed discussion of Savage's theorem. Beyond classical models, the content addresses the limitations of existing results to explore more advanced directions. This includes an analysis of more general theories such as non-additive probabilities and multiple priors. This monograph is an essential resource for those studying econometrics and the mathematical frameworks that define how agents navigate uncertain environments.

Key Features

Covers classical axiomatic theories of decision making under uncertainty for academic study.

Provides a detailed survey of probability definitions and their scope of applicability.

Uses behavioral definitions of subjective probability to explain complex classical theories.

Includes a thorough examination of Savage's theorem and its role in decision theory.

Explores advanced theoretical directions including non-additive probabilities and multiple priors.

Part of the respected Econometric Society Monographs series for specialized research.

Product Specifications

Brand: Cambridge University Press
Format: hardcover
ASIN: 052151732X
Category: Books > Subjects > Business, Finance & Law > Economics > Econometrics
Domain: Amazon UK
Release Date: 16 March 2009
Listed Since: 20 August 2008

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Cambridge University Press Cambridge Theory of Decision under Uncertainty - Economics Book

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