Naive Decision Making

ISBN-13: 9780521516167 / Angielski / Twarda / 2008 / 400 str.

T. W. Korner; T. W. Krner

Opis

How should one choose the best restaurant to eat in? Can one really make money at gambling? Or predict the future? Naive Decision Making presents the mathematical basis for making everyday decisions, which my often be based on very little or uncertain data. Professor Korner takes the reader on an enjoyable journey through many aspects of mathematical decision making, with relatable observations, anecdotes and quotations. Topics include probability, statistics, Arrow's theorem, Game Theory and Nash equilibrium. Readers will also gain a great deal of insight into mathematics in general and the role it can play within society. Suitable for those with elementary calculus, this book is ideal as a supplementary text for undergraduate courses in probability, game theory and decision making. Engaging and intriguing, it will also appeal to all those of a mathematical mind. To aid understanding, many exercises are included, with solutions available online."

Recenzje

'The author presents various aspects of mathematical decisions using not only realistic examples but also jokes, games, quotations, etc. … The book can serve as a supplementary text for undergraduate courses in probability, game theory and decision making. Moreover, many exercises are included with solutions available online.' EMS Newsletter

Spis treści

Introduction; 1. A day at the races; 2. The long run; 3. The virtue of insurance; 4. Passing the time; 5. A pack of cards; 6. Other people; 7. Simple games; 8. Points of agreement; 9. Long duels; 10. A night at the casino; 11. Prophecy; 12. Final reflections; A. The logarithm; B. Cardano; C. Huygens's problems; D. Hints on pronunciation; Index.