Advances in Decision Making Under Risk and Uncertainty [Paperback]

Mohammed Abdellaoui (Editor), John D. Hey (Editor)

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Book Description

Publication Date: Nov 24 2010 | ISBN-10: 3642088007 | ISBN-13: 978-3642088001 | Edition: Softcover reprint of hardcover 1st ed. 2008

Whether we like it or not we all feel that the world is uncertain. From choosing a new technology to selecting a job, we rarely know in advance what outcome will result from our decisions. Unfortunately, the standard theory of choice under uncertainty developed in the early forties and fifties turns out to be too rigid to take many tricky issues of choice under uncertainty into account. The good news is that we have now moved away from the early descriptively inadequate modeling of behavior. This book brings the reader into contact with the accomplished progress in individual decision making through the most recent contributions to uncertainty modeling and behavioral decision making. It also introduces the reader into the many subtle issues to be resolved for rational choice under uncertainty.

#outer_postBodyPS { display: none; } #psGradient { display: none; } #psPlaceHolder { display: none; } #psExpand { display: none; } Whether we like it or not we all feel that the world is uncertain. From choosing a new technology to selecting a job, we rarely know in advance what outcome will result from our decisions. Unfortunately, the standard theory of choice under uncertainty developed in the early forties and fifties turns out to be too rigid to take many tricky issues of choice under uncertainty into account. The good news is that we have now moved away from the early descriptively inadequate modeling of behavior. This book brings the reader into contact with the accomplished progress in individual decision making through the most recent contributions to uncertainty modeling and behavioral decision making. It also introduces the reader into the many subtle issues to be resolved for rational choice under uncertainty.

Product Details

Paperback: 256 pages
Publisher: Springer; Softcover reprint of hardcover 1st ed. 2008 edition (Nov 24 2010)
Language: English
ISBN-10: 3642088007
ISBN-13: 978-3642088001
Product Dimensions: 15.6 x 1.3 x 23.4 cm
Shipping Weight: 454 g
Amazon Bestsellers Rank: #2,845,699 in Books (See Top 100 in Books)