Theory of decision under uncertainty
Gilboa, Itzhak
creator
xxu
Cambridge
Cambridge University Press
2009
eng
xiv, 214 p.
This book describes the classical axiomatic theories of decision under uncertainty, as well as critiques thereof and alternative theories. It focuses on the meaning of probability, discussing some definitions and surveying their scope of applicability. The behavioral definition of subjective probability serves as a way to present the classical theories, culminating in Savage's theorem. The limitations of this result as a definition of probability lead to two directions - first, similar behavioral definitions of more general theories, such as non-additive probabilities and multiple priors, and second, cognitive derivations based on case-based techniques. (Source: www.alibris.com)
Decision-making
Uncertainty (Information theory)
003.54
Econometric Society Monographs
9780521741231
140323