£142.31

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Springer Decision Making Under Risk and Uncertainty - Theory and Decision Library B

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Description

This comprehensive volume brings together leading research on decision-making theory under risk and uncertainty, presenting thirteen articles that extend and challenge expected utility theory with real-world applications spanning financial markets, criminal behaviour, and the famous Ellsberg paradox. The collection moves beyond traditional theoretical frameworks to explain actual human behaviour in laboratory settings and practical environments. Five additional empirical studies document the design, execution, and findings of experiments testing alternative decision theories, providing rigorous evidence for how individuals and groups navigate uncertain choices. The work integrates individual decision-making theory with insights into how multiple agents interact under risk, offering economists, researchers, and professionals a thorough exploration of contemporary decision science that bridges classical models with modern behavioural evidence and market observations.

Key Features

Thirteen peer-reviewed articles exploring extensions and alternatives to expected utility theory with laboratory and market-based evidence.

Five empirical studies detailing experimental designs and findings that test competing theories of decision-making under uncertainty.

Coverage of diverse applications including financial markets, criminal behaviour analysis, and the Ellsberg paradox resolution.

Theory and Decision Library B volume 22 from Springer provides authoritative academic treatment of risk and uncertainty in decision science.

Integrates individual behaviour theory with multi-agent interaction analysis for comprehensive understanding of decisions under risk.

Product Specifications

Format
paperback
Domain
Amazon UK
Publication Date
04 October 2012
Listed Since
07 November 2013

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