The Economics of Uncertainty

ISBN-13: 9781858982779 / Angielski / Twarda / 1997 / 1204 str.

Opis

Until recently, Subjective Expected Utility Theory was accepted within the economics profession as the theory of rational decision-making under risk and under certainty. However, its pre-eminence in recent years has been undermined as a consequence of a flood of experimental evidence casting doubt on its descriptive accuracy.