Brief essays cover acyclicity, expected utility, impatience, myopic decision rules, probability, risk, uncertainty and related topics and the economists who have studied this area
Each volume in this series includes a collection of authoritative essays from The New Palgrave: A Dictionary of Economics, selected by the Editors to illustrate the range and diversity of economics...
Cover -- Contents -- Preface to the 2023 Edition -- Preface and Acknowledgments -- Introduction -- Chapter One. The Prehistory of the Classical Interpretation of Probability: Expectation and Evidence...
Making good decisions under conditions of uncertainty - which is the norm - requires a sound appreciation of the way random chance works. As analysis and modelling of most aspects of the world, and...