Notes On The Theory Of Choice

Notes On The Theory Of Choice

by David Kreps

NOOK Book(eBook)

$33.99
View All Available Formats & Editions
Available on Compatible NOOK Devices and the free NOOK Apps.
Want a NOOK ? Explore Now

Overview

Notes On The Theory Of Choice by David Kreps

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.

Product Details

ISBN-13: 9780813346465
Publisher: Avalon Publishing
Publication date: 05/12/1988
Sold by: Hachette Digital, Inc.
Format: NOOK Book
Pages: 224
File size: 4 MB

About the Author

David M. Kreps is the Paul E. Holden Professor of Economics in the Graduate School of Business, Stanford University.

Customer Reviews

Most Helpful Customer Reviews

See All Customer Reviews