
Notes On The Theory Of Choice
David Kreps(Author)
Westview Press Inc
1st Edition
Published on 12. May 1988
Book
Paperback/Softback
224 pages
978-0-8133-7553-3 (ISBN)
Description
In this book, Professor Kreps presents a first course on the basic models of choice theory that underlie much of economic theory. This course, taught for several years at the Graduate School of Business, Stanford University, gives the student an introduction to the axiomatic method of economic analysis, without placing too heavy a demand on mathematical sophistication.The course begins with the basics of choice and revealed preference theory and then discusses numerical representations of ordinal preference. Models with uncertainty come next: First is von Neumann-Morgenstern utility, and then choice under uncertainty with subjective uncertainty, using the formulation of Anscombe and Aumann, and then sketching the development of Savage's classic theory. Finally, the course delves into a number of special topics, including de Finetti's theorem, modeling choice on a part of a larger problem, dynamic choice, and the empirical evidence against the classic models.
More details
Language
English
Place of publication
Oxford
United States
Publishing group
Taylor & Francis Inc
Target group
College/higher education
Professional and scholarly
Product notice
Paperback (UK-trade)
Dimensions
Height: 216 mm
Width: 140 mm
Thickness: 12 mm
Weight
293 gr
ISBN-13
978-0-8133-7553-3 (9780813375533)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Other editions
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David Kreps
Notes On The Theory Of Choice
Book
06/2019
1st Edition
Routledge
€261.70
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David Kreps
Notes On The Theory Of Choice
E-Book
05/2018
1st Edition
Routledge
€78.99
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David Kreps
Notes On The Theory Of Choice
E-Book
05/2018
1st Edition
Routledge
€78.99
Available for download
Person
David M. Kreps is the Paul E. Holden Professor of Economics in the Graduate School of Business, Stanford University.
Content
* Introduction * Preference Relations and Revealed Preference * Ordinal Utility * Choice Under Uncertainty: Formulations and Representations * Von NewmannMorgenstern Expected Utility * Utility Functions for Money * Horse Race Lotteries and Roulette Wheels * Subjective Probability * Savages Theory of Choice Under Uncertainty * Conditional Preference, Conditional Probability, and Contingent Choice * Independence, Exchangeability, and de Finettis Theorem * Normative Uses of These Models on SubprobleMs. Dynamic Choice Theory and the Choice of Opportunity Sets * The Experimental Evidence