Advances in Decision Making Under Risk and Uncertainty

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.

Advances in Decision Making Under Risk and Uncertainty

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.

More Books:

Advances in Decision Making Under Risk and Uncertainty
Language: en
Pages: 242
Authors: Mohammed Abdellaoui, John D. Hey
Categories: Business & Economics
Type: BOOK - Published: 2008-08-29 - Publisher: Springer Science & Business Media

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
Principles of Risk Analysis
Language: en
Pages: 584
Authors: Charles Yoe
Categories: Technology & Engineering
Type: BOOK - Published: 2016-04-19 - Publisher: CRC Press

In every decision context there are things we know and things we do not know. Risk analysis uses science and the best available evidence to assess what we know-and it is intentional in the way it addresses the importance of the things we don't know. Principles of Risk Analysis: Decision
Decision-Making under Uncertainty
Language: en
Pages: 215
Authors: Tapan Biswas
Categories: Decision making
Type: BOOK - Published: 1997-08-04 - Publisher: Macmillan International Higher Education

At the core of microeconomic theory lie the economics of uncertainty and the economics of games and decisions. This text for undergraduates and specialists in mathematical economics links game theory with decision-making under uncertainty.
Risk, Uncertainty and the Agricultural Firm
Language: en
Pages: 292
Authors: Charles Britt Moss
Categories: Business & Economics
Type: BOOK - Published: 2010 - Publisher: World Scientific

1. Introduction. 1.1. Formulating the risk problem. 1.2. Decision criteria. 1.3. Decision making under risk : fact and fiction -- 2. Probability theory - a mathematical basis for making decisions under risk and uncertainty. 2.1. Set theory and probability. 2.2. Random variables. 2.3. Conditional probability and independence. 2.4. Some useful
Managing Risk and Uncertainty
Language: en
Pages:
Authors: Richard Friberg
Categories: Business & Economics
Type: BOOK - Published: 2016 - Publisher:

Books about Managing Risk and Uncertainty