Dissertation Abstracts International
Author :
Publisher :
Page : 614 pages
File Size : 11,11 MB
Release : 2000
Category : Dissertations, Academic
ISBN :
Decision Theory with a Human Face
Author : Richard Bradley
Publisher : Cambridge University Press
Page : 351 pages
File Size : 40,8 MB
Release : 2017-10-26
Category : Business & Economics
ISBN : 1107003210
Book Description
Explores how decision-makers can manage uncertainty that varies in both kind and severity by extending and supplementing Bayesian decision theory.
An Introduction to Decision Theory
Author : Martin Peterson
Publisher : Cambridge University Press
Page : 351 pages
File Size : 24,15 MB
Release : 2017-03-30
Category : Business & Economics
ISBN : 1107151597
Book Description
A comprehensive and accessible introduction to all aspects of decision theory, now with new and updated discussions and over 140 exercises.
Degrees of Belief
Author : Franz Huber
Publisher : Springer Science & Business Media
Page : 352 pages
File Size : 30,77 MB
Release : 2008-12-21
Category : Philosophy
ISBN : 1402091982
Book Description
This anthology is the first book to give a balanced overview of the competing theories of degrees of belief. It also explicitly relates these debates to more traditional concerns of the philosophy of language and mind and epistemic logic.
Robustness
Author : Lars Peter Hansen
Publisher : Princeton University Press
Page : 453 pages
File Size : 28,81 MB
Release : 2016-06-28
Category : Business & Economics
ISBN : 0691170975
Book Description
The standard theory of decision making under uncertainty advises the decision maker to form a statistical model linking outcomes to decisions and then to choose the optimal distribution of outcomes. This assumes that the decision maker trusts the model completely. But what should a decision maker do if the model cannot be trusted? Lars Hansen and Thomas Sargent, two leading macroeconomists, push the field forward as they set about answering this question. They adapt robust control techniques and apply them to economics. By using this theory to let decision makers acknowledge misspecification in economic modeling, the authors develop applications to a variety of problems in dynamic macroeconomics. Technical, rigorous, and self-contained, this book will be useful for macroeconomists who seek to improve the robustness of decision-making processes.
Discrete Choice Methods with Simulation
Author : Kenneth Train
Publisher : Cambridge University Press
Page : 399 pages
File Size : 41,88 MB
Release : 2009-07-06
Category : Business & Economics
ISBN : 0521766559
Book Description
This book describes the new generation of discrete choice methods, focusing on the many advances that are made possible by simulation. Researchers use these statistical methods to examine the choices that consumers, households, firms, and other agents make. Each of the major models is covered: logit, generalized extreme value, or GEV (including nested and cross-nested logits), probit, and mixed logit, plus a variety of specifications that build on these basics. Simulation-assisted estimation procedures are investigated and compared, including maximum stimulated likelihood, method of simulated moments, and method of simulated scores. Procedures for drawing from densities are described, including variance reduction techniques such as anithetics and Halton draws. Recent advances in Bayesian procedures are explored, including the use of the Metropolis-Hastings algorithm and its variant Gibbs sampling. The second edition adds chapters on endogeneity and expectation-maximization (EM) algorithms. No other book incorporates all these fields, which have arisen in the past 25 years. The procedures are applicable in many fields, including energy, transportation, environmental studies, health, labor, and marketing.
Bounded Rationality
Author : Sanjit Dhami
Publisher : MIT Press
Page : 553 pages
File Size : 13,40 MB
Release : 2022-07-12
Category : Business & Economics
ISBN : 0262369656
Book Description
Two leaders in the field explore the foundations of bounded rationality and its effects on choices by individuals, firms, and the government. Bounded rationality recognizes that human behavior departs from the perfect rationality assumed by neoclassical economics. In this book, Sanjit Dhami and Cass R. Sunstein explore the foundations of bounded rationality and consider the implications of this approach for public policy and law, in particular for questions about choice, welfare, and freedom. The authors, both recognized as experts in the field, cover a wide range of empirical findings and assess theoretical work that attempts to explain those findings. Their presentation is comprehensive, coherent, and lucid, with even the most technical material explained accessibly. They not only offer observations and commentary on the existing literature but also explore new insights, ideas, and connections. After examining the traditional neoclassical framework, which they refer to as the Bayesian rationality approach (BRA), and its empirical issues, Dhami and Sunstein offer a detailed account of bounded rationality and how it can be incorporated into the social and behavioral sciences. They also discuss a set of models of heuristics-based choice and the philosophical foundations of behavioral economics. Finally, they examine libertarian paternalism and its strategies of “nudges.”
Epistemic Game Theory
Author : Andrés Perea
Publisher : Cambridge University Press
Page : 581 pages
File Size : 11,47 MB
Release : 2012-06-07
Category : Business & Economics
ISBN : 1107008913
Book Description
The first textbook to explain the principles of epistemic game theory.
Beyond Uncertainty
Author : Katie Steele
Publisher : Cambridge University Press
Page : 120 pages
File Size : 37,64 MB
Release : 2021-09-09
Category : Science
ISBN : 1108608043
Book Description
The main aim of this Element is to introduce the topic of limited awareness, and changes in awareness, to those interested in the philosophy of decision-making and uncertain reasoning. While it has long been of interest to economists and computer scientists, this topic has only recently been subject to philosophical investigation. Indeed, at first sight limited awareness seems to evade any systematic treatment: it is beyond the uncertainty that can be managed. On the one hand, an agent has no control over what contingencies she is and is not aware of at a given time, and any awareness growth takes her by surprise. On the other hand, agents apparently learn to identify the situations in which they are more and less likely to experience limited awareness and subsequent awareness growth. How can these two sides be reconciled? That is the puzzle we confront in this Element.
Decision Making in Action
Author : Gary A. Klein
Publisher : Ablex Publishing Corporation
Page : 480 pages
File Size : 26,11 MB
Release : 1992-08-01
Category : Psychology
ISBN : 9780893919436
Book Description
This book describes the new perspective of naturalistic decision making. The point of departure is how people make decisions in complex, time-pressured, ambiguous, and changing environments. The purpose of this book is to present and elaborate on past models developed to explain this type of decision making. The central philosophy of the book is that classical decision theory has been unproductive since it is so heavily grounded in economics and mathematics. The contributors believe there is little to be learned from laboratory studies about how people actually handle difficult and interesting tasks; therefore, the book presents a critique of classical decision theory. The models of naturalistic decision making described by the contributors were derived to explain the behavior of firefighters, business people, jurors, nuclear power plant operators, and command-and-control officers. The models are unique in that they address the way people use experience to frame situations and adopt courses of action. The models explain the strengths of skilled decision makers. Naturalistic decision research requires the examination of field settings, and a section of the book covers methods for conducting meaningful research outside the laboratory. In addition, since his approach has applied value, the book covers issues of training and decision support systems.
