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Decision-Making under Uncertainty Tapan Biswas

Decision-Making under Uncertainty By Tapan Biswas

Decision-Making under Uncertainty by Tapan Biswas


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Summary

This text deals with topics that are at the core of microeconomic theory - the economics of uncertainty and the economics of games and decisions. It contains a chapter on non-expected utility theory and up-to-date coverage of risk aversion, stochastic dominance and mean-variance utility theory.

Decision-Making under Uncertainty Summary

Decision-Making under Uncertainty by Tapan Biswas

This new text deals with topics that are at the core of microeconomic theory - the economics of uncertainty and the economics of games and decisions. It contains a chapter on non-expected utility theory and very up to date coverage of such topics as risk aversion, stochastic dominance and mean-variance utility theory as well as a number of chapters that discuss and illustrate the use of game theory in making decisions under uncertainty.

Table of Contents

PART 1: ECONOMICS OF UNCERTAINTY - The Expected Utility Theory - Risk Aversion - The Insurance Market - Stochastic Dominance and Risk Comparisons - Non-Expected Utility Theories - Portfolio Analysis and the Mean-Variance Utility Theory - Efficient Contracts under Uncertainty: the Principal-Agent Theory - Collective Decisions under Uncertainty - PART 2: GAMES AND DECISIONS - An Introduction to the Theory of Games - Non-cooperative Game Theory - Selected Topics in Non-cooperative Game Theory - Games and Collective Decisions - Evolutions and Games - Games with Nature and the Role of Information in Decision-Making under Uncertainty

Additional information

NPB9780333662601
9780333662601
0333662601
Decision-Making under Uncertainty by Tapan Biswas
New
Hardback
Palgrave Macmillan
1997-08-04
215
N/A
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
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