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Risk, choice, and uncertainty three centuries of economic decision-making
"At its core, economics is about making decisions. In the history of economic thought, great intellectual prowess has been exerted toward devising exquisite theories of optimal decision making in situations of constraint, risk, and scarcity. Yet not all of our choices are purely logical, and so...
| Clasificación: | Libro Electrónico |
|---|---|
| Autor principal: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
New York
Columbia University Press
[2020]
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| Colección: | Risky decisions
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| Temas: | |
| Acceso en línea: | Texto completo |
MARC
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| 100 | 1 | |a Szpiro, George, |d 1950- |e author. | |
| 245 | 1 | 0 | |a Risk, choice, and uncertainty |b three centuries of economic decision-making |c George G. Szpiro |
| 263 | |a 1911 | ||
| 264 | 1 | |a New York |b Columbia University Press |c [2020] | |
| 264 | 4 | |c ©2020 | |
| 300 | |a 1 online resource (xii, 250 pages) |b illustrations | ||
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| 490 | 0 | |a Risky decisions | |
| 504 | |a Includes bibliographical references and index | ||
| 520 | |a "At its core, economics is about making decisions. In the history of economic thought, great intellectual prowess has been exerted toward devising exquisite theories of optimal decision making in situations of constraint, risk, and scarcity. Yet not all of our choices are purely logical, and so there is a longstanding tension between those emphasizing the rational and irrational sides of human behavior. One strand develops formal models of rational utility maximizing while the other draws on what behavioral science has shown about our tendency to act irrationally. In Risk, Choice, and Uncertainty, George G. Szpiro offers a new narrative of the three-century history of the study of decision making, tracing how crucial ideas have evolved and telling the stories of the thinkers who shaped the field. Szpiro examines economics from the early days of theories spun from anecdotal evidence to the rise of a discipline built around elegant mathematics through the past half century's interest in describing how people actually behave. Considering the work of Locke, Bentham, Jevons, Walras, Friedman, Tversky and Kahneman, Thaler, and a range of other thinkers, he sheds light on the vast scope of discovery since Bernoulli first proposed a solution to the St. Petersburg Paradox. Presenting fundamental mathematical theories in easy-to-understand language, Risk, Choice, and Uncertainty is a revelatory history for readers seeking to grasp the grand sweep of economic thought"-- |c Provided by publisher | ||
| 505 | 0 | |a Introduction -- Part I. Happiness and the utility of wealth. 1. It all began with a paradox -- 2. More is better ... -- 3. ... at a decreasing rate -- Part II. Mathematics is the queen of the sciences ... 4. The marginalist triumvirate -- 5. Forgotten precursors -- 6. Betting on one's belief -- 7. Games economists play -- 8. Wobbly curves -- 9. Comparing the incomparable -- Part III. ... but man is the measure of all things. 10. More paradoxes -- 11. Good enough -- 12. Sunk costs, the gambler's fallacy, and other errors -- 13. Erroneous, irrational, or plain dumb? -- Notes -- Bibliography -- Index. | |
| 588 | 0 | |a Print version record. | |
| 590 | |a JSTOR |b Books at JSTOR Evidence Based Acquisitions | ||
| 590 | |a JSTOR |b Books at JSTOR All Purchased | ||
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| 650 | 0 | |a Decision making. | |
| 650 | 0 | |a Risk management. | |
| 650 | 6 | |a Prise de décision. | |
| 650 | 6 | |a Gestion du risque. | |
| 650 | 7 | |a decision making. |2 aat | |
| 650 | 7 | |a risk management. |2 aat | |
| 650 | 7 | |a BUSINESS & ECONOMICS |x Economic History. |2 bisacsh | |
| 650 | 7 | |a Decision making |2 fast |0 (OCoLC)fst00889035 | |
| 650 | 7 | |a Risk management |2 fast |0 (OCoLC)fst01098164 | |
| 776 | 0 | 8 | |i Print version: |a Szpiro, George, 1950- |t Risk, choice, and uncertainty. |d New York : Columbia University Press, [2020] |z 9780231194747 |w (DLC) 2019023645 |w (OCoLC)1122685454 |
| 856 | 4 | 0 | |u https://jstor.uam.elogim.com/stable/10.7312/szpi19474 |z Texto completo |
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