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portada Notes on the Theory of Choice (Underground Classics in Economics)
Type
Physical Book
Publisher
Author
Year
2019
Language
English
Pages
227
Format
Hardcover
ISBN13
9780367098612
Edition No.
1
Categories

Notes on the Theory of Choice (Underground Classics in Economics)

David Kreps (Author) · Routledge · Hardcover

Notes on the Theory of Choice (Underground Classics in Economics) - David Kreps

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Synopsis "Notes on the Theory of Choice (Underground Classics in Economics) "

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.

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