Foundations of Rational Choice Under Risk (English, Paul Anand)
by Paul Anand
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Book Details
Publisher
OUP Oxford
Language
English
ISBN-13
9780198774426
ISBN-10
0198774427
Author
Paul Anand
About the Book
Paul Anand describes and evaluates many existing criticisms of the formal theory of rationality and subjective expected utility (SEU) theory. He tests the logical and philosophical basis for basing rational choice on SEU and argues that, empirically, SEU is false, and that normatively, it imposes unnecessary constraints on rational agency. He provides his own account of rational choice which is grounded in the relationship between an agent's pref…
ISBN: 9780198774426
ISBN-13: 9780198774426
ISBN-10: 0198774427
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Product ID: isbn-9780198774426
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