Risky curves : on the empirical failure of expected utility
By: Friedman, Daniel
Title By: Isaac, R. Mark | James, Duncan | Sunder, Shyam
Material type:
BookDescription: xii, 137 p. : ill. ; 24 cm.ISBN: 9780415636100Subject(s): BUSINESS & ECONOMICS / General | BUSINESS & ECONOMICS / Decision-Making & Problem Solving | BUSINESS & ECONOMICS / Economics / Microeconomics | Risk | Utility theory | Decision makingDDC classification: 338.5 Online resources: Location Map
Summary:
"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"--
| Item type | Home library | Call number | Status | Date due | Barcode | Item holds |
|---|---|---|---|---|---|---|
| REGULAR | University of Wollongong in Dubai Main Collection | 338.5 FR RI (Browse shelf) | Available | T0034171 |
Total holds: 0
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| 338.5 FR MI Microeconomics and behavior / | 338.5 FR MI Microeconomics and behavior / | 338.5 FR MI Microeconomics and behavior / | 338.5 FR RI Risky curves : | 338.5 GA PR Principles of microeconomics / | 338.5 GA PR Principles of microeconomics / | 338.5 GA PR Principles of microeconomics / |
Includes bibliographical references and index.
"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"--