Theory and Decision Library C

Uncertainty and Risk

Mental, Formal, Experimental Representations

Editors: Abdellaoui, M., Luce, R.D., Machina, M., Munier, B. (Eds.)

  • Presents research on decision criteria in economics, with particular emphasis on the representations of uncertainty
  • Offers new insights into behavior under uncertainty: based on inquiry and reflection rather than intuition
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eBook $139.00
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  • ISBN 978-3-540-48935-1
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Hardcover $179.00
price for USA
  • ISBN 978-3-540-48934-4
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Softcover $179.00
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  • ISBN 978-3-642-08029-6
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
About this book

We all feel that our world is fundamentally uncertain. But less unanimity emerges as to what we mean by "uncertainty" and how we ought to adjust. Businessmen tend to be "cautious" and engineers to pick up the "right" decision criteria among the many available in the literature, without having much justification about their respective behaviors. This book tries to sort out the different meanings of uncertainty and to discover their foundations. It shows that uncertainty can be represented using various tools and mental guidelines. Some decision criteria are then related to each case and assessed. Alternative ways to deal with risk - and risk attitude concepts - are then examined in the above perspective. Behavior under uncertainty emerges from this book as something to base more on inquiry and reflection than on mere intuition.

Table of contents (17 chapters)

  • Introduction

    Pages 1-5

  • Conjectures, Refutations and Discoveries: Incorporating New Knowledge in Models of Belief and Choice under Uncertainty

    Grant, Simon (et al.)

    Pages 9-25

  • When an Event Makes a Difference

    Amarante, Massimiliano (et al.)

    Pages 27-32

  • Countable Additivity and the Foundations of Bayesian Statistics

    Howard, John V.

    Pages 33-39

  • On the Quantification and Decomposition of Uncertainty

    Borgonovo, Emanuele (et al.)

    Pages 41-59

Buy this book

eBook $139.00
price for USA (gross)
  • ISBN 978-3-540-48935-1
  • Digitally watermarked, DRM-free
  • Included format: PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $179.00
price for USA
  • ISBN 978-3-540-48934-4
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Softcover $179.00
price for USA
  • ISBN 978-3-642-08029-6
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
Uncertainty and Risk
Book Subtitle
Mental, Formal, Experimental Representations
Editors
  • Mohammed Abdellaoui
  • R. Duncan Luce
  • Mark Machina
  • Bertrand Munier
Series Title
Theory and Decision Library C
Series Volume
41
Copyright
2007
Publisher
Springer-Verlag Berlin Heidelberg
Copyright Holder
Springer-Verlag Berlin Heidelberg
eBook ISBN
978-3-540-48935-1
DOI
10.1007/978-3-540-48935-1
Hardcover ISBN
978-3-540-48934-4
Softcover ISBN
978-3-642-08029-6
Series ISSN
0924-6126
Edition Number
1
Number of Pages
VI, 308
Topics