Economic Decisions Under Uncertainty
The Fundamental Issues Involved Why do we need a theory of uncertainty? It is a fact that almost all man's economic decisions are made under conditions of uncertainty, but this fact alone does not provide a strong enough argument for making the effort necessary to generalize ordinary preference theory designed for a world of perfect certainty. In accordance with Occam's Razor, the mathematician may well welcome a generalization of assumptions even if it does not promise more than a restatement of known results. The economist, however, will only be well disposed towards making the effort if he can expect to achieve new insights and interesting…
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Produktdetails
- ISBN: 978-3-7908-0436-2
- EAN: 9783790804362
- Produktnummer: 3274243
- Verlag: Physica-Verlag HD
- Sprache: Englisch
- Erscheinungsjahr: 1989
- Seitenangabe: 380 S.
- Masse: H23.4 cm x B15.4 cm x D1.6 cm 565 g
- Auflage: 2nd ed. 1989
- Abbildungen: Paperback
- Gewicht: 565
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