Uncertain Decisions

Bridging Theory and Experiments

Buch | Softcover

351 Seiten

2012 | Softcover reprint of the original 1st ed. 1999
Springer-Verlag New York Inc.
978-1-4613-7312-4 (ISBN)

Artikel merken

Uncertain Decisions: Bridging Theory and Experiments presents advanced directions of thinking on decision theory - in particular the more recent contributions on non-expected utility theory, fuzzy decision theory and case-based theory. This work also provides theoretical insights on measures of risk aversion and on new problems for general equilibrium analysis. It analyzes how the thinking that underlies the theories described above spills over into real decisions, and how the thinking that underlies these real decisions can explain the discrepancies between theoretical approaches and actual behavior. This work elaborates on how the most recent laboratory experiments have become an important source both for evaluating the leading theory of choice and decision, and for contributing to the formation of new models regarding the subject.

I Non-expected Utility Theory.- 1 Risk and Uncertainty Aversion with Reference to the Theories of Expected Utility, Rank Dependent Expected Utility, and Choquet xpected Utility.- 2 Dynamic Consistency and Non-Expected Utility.- 3 Ambiguity-Aversion and Non-Additive Probability: Experimental Evidence, Models and Applications.- II Non-expected Utility Applications.- 4 Consumption, Savings and Asset Returns with Non-Expected Utility.- 5 Estimating (Risk) Preference Functionals Using Experimental Methods.- 6 Randomisation, Mixed Strategies and the Reduction Axiom.- 7 Experimental Studies of Signaling Games.- 8 Independence between Events with Non-additive Probability.- III New departures from classical decision theory.- 9 Fuzzy Decision Theory.- 10 An Overview of Case-Based Decision Theory.- 11 The Recent Advances in Decision Theory under Uncertainty: a Non-Technical Introduction.- IV Value to Real World: the Experimental Contribution.- 12 Decision Theory and Real Decisions: a Research Agenda.- 13 Policy and the Use of Laboratory Experimental Methodology in Economics.- 14 Buyer and Seller Effect Disentangled. An Experiment on the Microstructure of Demand.

Zusatzinfo	XXXI, 351 p.
Verlagsort	New York, NY
Sprache	englisch
Maße	155 x 235 mm
Themenwelt	Mathematik / Informatik ► Mathematik
	Wirtschaft ► Allgemeines / Lexika
	Wirtschaft ► Betriebswirtschaft / Management ► Unternehmensführung / Management
	Wirtschaft ► Volkswirtschaftslehre ► Mikroökonomie
ISBN-10	1-4613-7312-3 / 1461373123
ISBN-13	978-1-4613-7312-4 / 9781461373124
Zustand	Neuware