Models and Experiments in Risk and Rationality
Published on 31. October 1994
Book
Hardback
XII, 440 pages
978-0-7923-3031-8 (ISBN)
Description
Models and Experiments in Risk and Rationality
presents original contributions to the areas of individual choice, experimental economics, operations and analysis, multiple criteria decision making, market uncertainty, game theory and social choice. The papers, which were presented at the FUR VI conference, are arranged to appear in order of increasing complexity of the decision environment or social context in which they situate themselves.
The first section `Psychological Aspects of Risk-Bearing', considers choice at the purely individual level and for the most part, free of any specific economic or social context. The second section examines individual choice within the classical expected utility approach while the third section works from a perspective that includes non-expected utility preferences over lotteries. Section four, `Multiple Criteria Decision-Making Under Uncertainty', considers the more specialized but crucial context of uncertain choice involving tradeoffs between competing criteria -- a field which is becoming of increasing importance in applied decision analysis. The final two sections examine uncertain choice in social or group contexts.
The first section `Psychological Aspects of Risk-Bearing', considers choice at the purely individual level and for the most part, free of any specific economic or social context. The second section examines individual choice within the classical expected utility approach while the third section works from a perspective that includes non-expected utility preferences over lotteries. Section four, `Multiple Criteria Decision-Making Under Uncertainty', considers the more specialized but crucial context of uncertain choice involving tradeoffs between competing criteria -- a field which is becoming of increasing importance in applied decision analysis. The final two sections examine uncertain choice in social or group contexts.
More details
Series
Edition
1994 ed.
Language
English
Place of publication
Dordrecht
Netherlands
Target group
College/higher education
Professional and scholarly
Research
Illustrations
XII, 440 p.
Dimensions
Height: 241 mm
Width: 160 mm
Thickness: 29 mm
Weight
846 gr
ISBN-13
978-0-7923-3031-8 (9780792330318)
DOI
10.1007/978-94-017-2298-8
Schweitzer Classification
Other editions
Additional editions
Bertrand Munier | Mark J. Machina
Models and Experiments in Risk and Rationality
E-Book
03/2013
Springer
€149.79
Available for download
Bertrand Munier | Mark J. Machina
Models and Experiments in Risk and Rationality
Book
12/2010
Springer
€160.49
Shipment within 15-20 days
Content
The Psychogenetic Approach to Risk.- Contextual Effects and the Influence of the Frame on Decision Making.- CE-PE Bias and Probability Level: An Anchoring Model of their Interaction.- Non-Additive Probabilities and the Measure of Uncertainty and Risk Aversion: A Proposal.- A Precautionary Tale of Risk Aversion and Prudence.- Embodied Risk: 'Framing', Consumption Style and the Deterrence of Crimes of Passion.- Estimation of Expected Utility and Non-Expected Utility Preference Functionals Using Complete Ranking Data.- The 'Closing In' Method: An Experimental Tool to Investigate Individual Choice Patterns Under Risk.- Gains and Losses in Nonadditive Expected Utility.- An Outline of My Main Contributions to Risk and Utility Theory: Theory, Experience, and Applications.- Multiattribute Analysis Based on Stochastic Dominance.- Aggregation and Uncertainties in Deliberated Evaluation.- Multicriteria Decision Model and Decision Making Process in an Organization: An Application in Industrial Management.- Expected Profits and Information Under Uncertainty.- Market Preferences Revealed by Prices: Non-Linear Pricing in Slack Markets.- Risk, Time and Financial Decision.- Ambiguity-Aversion and Non-Additive Beliefs in Non-Cooperative Games: Experimental Evidence.- On Regular Composed Tournaments.- Market Games with Asymmetric Information: The Core with Finitely Many States of the World.- Information Transmission in Signalling Games: Confrontation of Different Forward Induction Criteria.