Uncertain Decisions (eBook, PDF)

Bridging Theory and Experiments
Redaktion: Luini, Luigi

• Format: PDF

Produktbeschreibung

Uncertain Decisions: Bridging Theory and Experiments presents advanced directions of thinking on decision theory - in particular the more recent contributions on non-expected utility theory, fuzzy decision theory and case-based theory. This work also provides theoretical insights on measures of risk aversion and on new problems for general equilibrium analysis. It analyzes how the thinking that underlies the theories described above spills over into real decisions, and how the thinking that underlies these real decisions can explain the discrepancies between theoretical approaches and actual behavior. This work elaborates on how the most recent laboratory experiments have become an important source both for evaluating the leading theory of choice and decision, and for contributing to the formation of new models regarding the subject.

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Produktdetails

• Verlag: Springer US
• Seitenzahl: 351
• Erscheinungstermin: 6. Dezember 2012
• Englisch
• ISBN-13: 9781461550839
• Artikelnr.: 44044578

Inhaltsangabe

I Non-expected Utility Theory.- 1 Risk and Uncertainty Aversion with Reference to the Theories of Expected Utility, Rank Dependent Expected Utility, and Choquet xpected Utility.- 2 Dynamic Consistency and Non-Expected Utility.- 3 Ambiguity-Aversion and Non-Additive Probability: Experimental Evidence, Models and Applications.- II Non-expected Utility Applications.- 4 Consumption, Savings and Asset Returns with Non-Expected Utility.- 5 Estimating (Risk) Preference Functionals Using Experimental Methods.- 6 Randomisation, Mixed Strategies and the Reduction Axiom.- 7 Experimental Studies of Signaling Games.- 8 Independence between Events with Non-additive Probability.- III New departures from classical decision theory.- 9 Fuzzy Decision Theory.- 10 An Overview of Case-Based Decision Theory.- 11 The Recent Advances in Decision Theory under Uncertainty: a Non-Technical Introduction.- IV Value to Real World: the Experimental Contribution.- 12 Decision Theory and Real Decisions: a Research Agenda.- 13 Policy and the Use of Laboratory Experimental Methodology in Economics.- 14 Buyer and Seller Effect Disentangled. An Experiment on the Microstructure of Demand.