Probability and economics

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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 * …

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Title Statements

Full title :Probability and economics / Omar F. Hamouda and Robin Rowley.

Summary

Edition Statements

Publication Date:1996.

Publication Statements

Publisher(s):Routledge
Place of Publication:London
Language:eng
Publication Date:1996.

The Physical Object

Description:1 online resource (202 pages) : : illustrations

Edition Identifiers

ISBN:9781135084684, 1135084688, 9780203388600, 0203388607, 9781135084820, 1135084823, 9781135084752, 1135084750, 9780415862141, 0415862140
oclc:ocn842262312
LC Classification:HB135
Dewey Decimal:330/.01/5192

Cover; Title; Copyright; Contents; Introduction; 1 VARIETIES OF PROBABILITY; 2 EXPECTED UTILITY; 3 RATIONALITY AND CONDITIONAL EXPECTATIONS; 4 IGNORANCE, SURPRISE AND VAGUENESS; 5 EXPERIMENTS, DYNAMICS AND COGNITIVE ILLUSIONS; 6 EVIDENCE, SUPPORT AND BELIEFS; 7 ECONOMETRICS; 8 CONCLUDING REMARKS AND OVERVIEW; Bibliography; Name index; Subject index.

Subjects

BUSINESS & ECONOMICS -- Economics Economics, Mathematical Incertitude Probabilités Probabilities PROBABILITY Uncertainty Utilité (Économie politique) Utility theory Waarschijnlijkheidstheorie Wiskundige economie