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Expected Utility Hypotheses and the Allais Paradox
. Ed(S): Allais, M.; Hagen, G.M.
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Description for Expected Utility Hypotheses and the Allais Paradox
Paperback. Editor(s): Allais, M.; Hagen, G.M. Series: Theory and Decision Library. Num Pages: 715 pages, biography. Category: (P) Professional & Vocational. Dimension: 229 x 152 x 36. Weight in Grams: 1049.
Utility theory or, value theory in general, is certainly the cornerstone of decision theory, game theory, microecon~mics, and all social and political theories which deal with public decisions. Recently the American School of utility, founded by von N eumann Morgenstern, encountered a far-going criticism by the French School of utility represented by its founder Allais. The whole basis of the theory of decisions involving risk has been shaken and put into question. Consequently, basic research in the fundamentals of utility and value theory evolved into a crisis. Like any crisis in basic research, and this one was not an exception, ... Read more
Utility theory or, value theory in general, is certainly the cornerstone of decision theory, game theory, microecon~mics, and all social and political theories which deal with public decisions. Recently the American School of utility, founded by von N eumann Morgenstern, encountered a far-going criticism by the French School of utility represented by its founder Allais. The whole basis of the theory of decisions involving risk has been shaken and put into question. Consequently, basic research in the fundamentals of utility and value theory evolved into a crisis. Like any crisis in basic research, and this one was not an exception, ... Read more
Product Details
Format
Paperback
Publication date
2010
Publisher
Springer Netherlands
Number of pages
715
Condition
New
Series
Theory and Decision Library
Number of Pages
715
Place of Publication
Dordrecht, Netherlands
ISBN
9789048183548
SKU
V9789048183548
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
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