Handbook Of Utility Theory PDF Download
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Author | : Salvador Barbera |
Publisher | : Springer Science & Business Media |
Total Pages | : 714 |
Release | : 1998 |
Genre | : Business & Economics |
ISBN | : 9780792381747 |
Download Handbook of Utility Theory Book in PDF, ePub and Kindle
The standard rationality hypothesis implies that behaviour can be represented as the maximization of a suitably restricted utility function. This hypothesis lies at the heart of a large body of recent work in economics, of course, but also in political science, ethics, and other major branches of social sciences. Though the utility maximization hypothesis is venerable, it remains an area of active research. Moreover, some fundamental conceptual problems remain unresolved, or at best have resolutions that are too recent to have achieved widespread understanding among social scientists. The main purpose of the Handbook of Utility Theory is to make recent developments in the area more accessible. The editors selected a number of specific topics, and invited contributions from researchers whose work had come to their attention. Therefore, the list of topics and contributions is largely the editors' responsibility. Each contributor's chapter has been refereed, and revised according to the referees' remarks. This is the first volume of a two volume set, with the second volume focusing on extensions of utility theory.
Author | : Salvador Barbera |
Publisher | : Springer Science & Business Media |
Total Pages | : 652 |
Release | : 1998 |
Genre | : Business & Economics |
ISBN | : 9781402077142 |
Download Handbook of Utility Theory Book in PDF, ePub and Kindle
The main purpose of the Handbook of Utility Theory is to make more widely available some recent developments in the area. The editors selected a list of topics that seemed ripe enough to be covered by review articles. Then they invited contributions from researchers whose expert work had come to their attention. So the list of topics and contributors is largely the editors' responsibility. Each contributor's chapter has been refereed, and revised according to the referees' remarks. Whereas Volume I of the Handbook of Utility Theory is largely concentrated on basic theory, the present volume is concerned with extensions and applications to other branches of economic theory. Taken together, these first two volumes contain all the purely theoretical material that the editors planned to cover. The chapters on experimental and empirical research on utility and the chapters on the history of utility theory will appear in Volume III.
Author | : Salvador Barbera |
Publisher | : |
Total Pages | : 648 |
Release | : 2014-01-15 |
Genre | : |
ISBN | : 9781475710755 |
Download Handbook of Utility Theory Book in PDF, ePub and Kindle
Author | : Salvador Barberà |
Publisher | : Kluwer Academic Pub |
Total Pages | : 800 |
Release | : 2014-07-30 |
Genre | : Business & Economics |
ISBN | : 9780792374053 |
Download Handbook of Utility Theory Book in PDF, ePub and Kindle
Author | : Ward Edwards |
Publisher | : Springer Science & Business Media |
Total Pages | : 304 |
Release | : 2013-12-01 |
Genre | : Business & Economics |
ISBN | : 9401129525 |
Download Utility Theories: Measurements and Applications Book in PDF, ePub and Kindle
The Conference on "Utility: Theories, Measurements, and Applications" met at the Inn at Pasatiempo in Santa Cruz, California, from June II to 15, 1989. The all-star cast of attendees are listed as authors in the Table of Contents of this book (see p. V), except for Soo Hong Chew and Amos Tversky. The purpose of the conference, and of National Science Foundation Grant No. SES-8823012 that supported it, was to confront proponents of new generalized theories of utility with leading decision analysts com mitted to the implementation, in practice, of the more traditional theory that these new theories reject. That traditional model is variously iden tified in this book as expected utility or subjectively expected utility maximization (EU or SEU for short) and variously attributed to von Neumann and Morgenstern or Savage. I had feared that the conference might consist of an acrimonious debate between Olympian normative theorists uninterested in what people actually do and behavioral modelers obsessed with the cognitive illusions and uninterested in helping people to make wise decisions. I was entirely wrong. The conferees, in two dramatic straw votes at the open ing session, unanimously endorsed traditional SEU as the appropriate normative model and unanimously agreed that people don't act as that model requires. (These votes had a profound impact on my thinking; detail about them and about that impact is located in Chapter 10.
Author | : P.C. Fishburn |
Publisher | : Springer Science & Business Media |
Total Pages | : 181 |
Release | : 2013-03-14 |
Genre | : Social Science |
ISBN | : 9401733295 |
Download The Foundations of Expected Utility Book in PDF, ePub and Kindle
This book offers a unified treatment of my research in the foundations of expected utility theory from around 1965 to 1980. While parts are new, the presentation draws heavily on published articles and a few chapters in my 1970 monograph on utility theory. The diverse notations and styles of the sources have of course been reconciled here, and their topics arranged in a logical sequence. The two parts of the book take their respective cues from the von Neumann-Morgenstern axiomatization of preferences between risky options and from Savage's foundational treatment of decision making under uncertainty. Both parts are studies in the axiomatics of preferences for decision situations and in numerical representations for preferences. Proofs of the representation and uniqueness theorems appear at the ends of the chapters so as not to impede the flow of the discussion. A few warnings on notation are in order. The numbers for theorems cited within a chapter have no prefix if they appear in that chapter, but otherwise carry a chapter prefix (Theorem 3.2 is Theorem 2 in Chapter 3). All lower case Greek letters refer to numbers in the closed interval from o to 1. The same symbol in different chapters has essentially the same meaning with one major exception: x, y, ... mean quite different things in different chapters. I am indebted to many people for their help and encouragement.
Author | : Fuad Aleskerov |
Publisher | : Springer Science & Business Media |
Total Pages | : 283 |
Release | : 2007-08-09 |
Genre | : Business & Economics |
ISBN | : 3540341838 |
Download Utility Maximization, Choice and Preference Book in PDF, ePub and Kindle
The utility maximization paradigm forms the basis of many economic, psychological, cognitive and behavioral models. However, numerous examples have revealed the deficiencies of the concept. This book helps to overcome those deficiencies by taking into account insensitivity of measurement threshold and context of choice. The second edition has been updated to include the most recent developments and a new chapter on classic and new results for infinite sets.
Author | : Alfred N. Page |
Publisher | : John Wiley & Sons |
Total Pages | : 472 |
Release | : 1968 |
Genre | : Business & Economics |
ISBN | : |
Download Utility Theory Book in PDF, ePub and Kindle
Author | : Salvador Barberá |
Publisher | : |
Total Pages | : 626 |
Release | : 2004 |
Genre | : |
ISBN | : 9780402077145 |
Download Handbook of Utility Theory Book in PDF, ePub and Kindle
Author | : Mark Machina |
Publisher | : Newnes |
Total Pages | : 897 |
Release | : 2013-11-14 |
Genre | : Business & Economics |
ISBN | : 0444536868 |
Download Handbook of the Economics of Risk and Uncertainty Book in PDF, ePub and Kindle
The need to understand the theories and applications of economic and finance risk has been clear to everyone since the financial crisis, and this collection of original essays proffers broad, high-level explanations of risk and uncertainty. The economics of risk and uncertainty is unlike most branches of economics in spanning from the individual decision-maker to the market (and indeed, social decisions), and ranging from purely theoretical analysis through individual experimentation, empirical analysis, and applied and policy decisions. It also has close and sometimes conflicting relationships with theoretical and applied statistics, and psychology. The aim of this volume is to provide an overview of diverse aspects of this field, ranging from classical and foundational work through current developments. Presents coherent summaries of risk and uncertainty that inform major areas in economics and finance Divides coverage between theoretical, empirical, and experimental findings Makes the economics of risk and uncertainty accessible to scholars in fields outside economics