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Risk, choice, and uncertainty : three centuries of economic decision-making

Author: George Szpiro
Publisher: New York : Columbia University Press, [2020]
Edition/Format:   Print book : EnglishView all editions and formats
Summary:
"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  Read more...
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Additional Physical Format: Online version:
Szpiro, George G.,
Risk, choice, and uncertainty
New York : Columbia University Press, 2019.
(DLC) 2019023646
Document Type: Book
All Authors / Contributors: George Szpiro
ISBN: 9780231194747 0231194749
OCLC Number: 1122685454
Description: xii, 250 pages : illustrations ; 24 cm
Contents: IntroductionPart I. Happiness and the Utility of Wealth1. It All Began with A Paradox2. More Is Better . . .3. . . . at a Decreasing RatePart II. Mathematics Is the Queen of the Sciences . . . 4. The Marginalist Triumvirate5. Forgotten Precursors6. Betting on One's Belief7. Games Economists Play8. Wobbly Curves9. Comparing the IncomparablePart III. . . . But Man Is the Measure of All Things10. More Paradoxes11. Good Enough12. Sunk Costs, the Gambler's Fallacy, and Other Errors13. Erroneous, Irrational, or Plain Dumb?NotesBibliographyIndex
Responsibility: George Szpiro.

Abstract:

Risk, Choice, and Uncertainty 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  Read more...

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Risk, Choice, and Uncertainty is a well-organized and pleasantly written account of the history of economics seen through the lens of individual decision making, ranging from expected utility to Read more...

 
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