Friedman, Daniel, 1947-
Risky curves : on the empirical failure of expected utility Daniel Friedman ...[et al]. - xii, 137 p. : ill. ; 24 cm.
"For several decades, the orthodox economics approach to understanding choice under risk has been to assume that each individual person maximizes some sort of personal utility function defined over purchasing power. This new volume contests that even the best wisdom from the orthodox theory is inadequate, and proposes the return to a simpler sort of scientific theory of risky choice"--
9780415636100
2013030113
BUSINESS & ECONOMICS / General
BUSINESS & ECONOMICS / Decision-Making & Problem Solving
BUSINESS & ECONOMICS / Economics / Microeconomics
Risk
Utility theory
Decision making
338.5
Risky curves : on the empirical failure of expected utility Daniel Friedman ...[et al]. - xii, 137 p. : ill. ; 24 cm.
"For several decades, the orthodox economics approach to understanding choice under risk has been to assume that each individual person maximizes some sort of personal utility function defined over purchasing power. This new volume contests that even the best wisdom from the orthodox theory is inadequate, and proposes the return to a simpler sort of scientific theory of risky choice"--
9780415636100
2013030113
BUSINESS & ECONOMICS / General
BUSINESS & ECONOMICS / Decision-Making & Problem Solving
BUSINESS & ECONOMICS / Economics / Microeconomics
Risk
Utility theory
Decision making
338.5