Notes On The Theory Of Choice
Book information
Description
In this book, Professor Kreps presents a first course on the basic models of choice theory that underlie much of economic theory. This course, taught for several years at the Graduate School of Business, Stanford University, gives the student an introduction to the axiomatic method of economic analysis, without placing too heavy a demand on mathematical sophistication.The course begins with the basics of choice and revealed preference theory and then discusses numerical representations of ordinal preference. Models with uncertainty come next: First is von Neumann-Morgenstern utility, and then choice under uncertainty with subjective uncertainty, using the formulation of Anscombe and Aumann, and then sketching the development of Savage’s classic theory. Finally, the course delves into a number of special topics, including de Finetti’s theorem, modeling choice on a part of a larger problem, dynamic choice, and the empirical evidence against the classic models.
Similar books
Arguing About Tastes: Modeling How Context and Experience Change Economic Preferences (Kenneth J. Arrow Lecture Series)
2023 · PDF
Arguing About Tastes: Modeling How Context and Experience Change Economic Preferences
2023 · PDF
Arguing About Tastes : Modeling How Context and Experience Change Economic Preferences
2023 · EPUB
Understanding Digital Events
2020 · EPUB
Against Nature: The Metaphysics of Information Systems
2018 · EPUB
The Motivation Toolkit: How to Align Your Employees' Interests with Your Own
2017 · EPUB
Human-Centric Computing in a Data-Driven Society: 14th IFIP TC 9 International Conference on Human Choice and Computers, HCC14 2020, Tokyo, Japan, September 9–11, 2020, Proceedings
2020 · PDF
This Changes Everything – ICT and Climate Change: What Can We Do?: 13th IFIP TC 9 International Conference on Human Choice and Computers, HCC13 2018, Held at the 24th IFIP World Computer Congress, WCC 2018, Poznan, Poland, September 19–21, 2018, Proceedings
2018 · PDF