ENGLISH

Probability in Economics

By Omar Hamouda , Robin Rowley

Book information

Publisher
Routledge
Year
1996
ISBN
041506712X, 9780415067126
Language
english
Format
PDF
Filesize
13 MB (13823670 bytes)
Series
Routledge Frontiers of Political Economy
Pages
208\213
Time added
2017-09-05 23:35:48
Economics;Banks & Banking;Commerce;Commercial Poli

Description

Notions of probability and uncertainty have been increasingly prominant in modern economics. This book considers the philosophical and practical difficulties inherent in integrating these concepts into realistic economic situations. It outlines and evaluates the major developments, indicating where further work is needed. This book addresses: * probability, utility and rationality within current economic thought and practice * concepts of ignorance and indeterminancy * experimental economics * econometrics, with particular reference inference and estimation.

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