Decision Processes In Economics
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Nonlinear Models For Economic Decision Processes
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Author : Ionut Purica
language : en
Publisher: World Scientific
Release Date : 2010
Nonlinear Models For Economic Decision Processes written by Ionut Purica and has been published by World Scientific this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010 with Business & Economics categories.
Using models, developed in one branch of science, to describe similar behaviors encountered in a different one, is the essence of a synergetic approach. A wide range of topics has been developed including Agent-based models, econophysics, socio-economic networks, information, bounded rationality and learning in economics, markets as complex adaptive systems evolutionary economics, multiscale analysis and modeling, nonlinear dynamics and econometrics, physics of risk, statistical and probabilistic methods in economics and finance. Complexity. This publication concentrates on process behavior of economic systems and building models that stem from Haken's, Prigogine's, Taylor's work as well as from nuclear physics models.
Managerial Decision Making
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Author : J. Bridge
language : en
Publisher: Routledge
Release Date : 2018-04-17
Managerial Decision Making written by J. Bridge and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-04-17 with Business & Economics categories.
This book, originally published in 1975, is an attempt to bridge the gap between economic theory and business practice by relating the tools of economic analysis to the decision making process itself. It is written from a decision making systems analysis viewpoint. This approach enables the reader to perceive the integrative nature of the subject matter in relation to the functioning of the business enterprise. Although the unifying theme of ‘decision making’ is at the heart of the book, where necessary some of the theoretical underpinnings of traditional neo-classical theory of the firm are covered.
Theories Of Choice
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Author : Stefan Grundmann
language : en
Publisher: Oxford University Press
Release Date : 2021-01-14
Theories Of Choice written by Stefan Grundmann and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-01-14 with Law categories.
Choice is a key concept of our time. It is a foundational mechanism for every legal order in societies that are, politically, constituted as democracies and, economically, built on the market mechanism. Thus, choice can be understood as an atomic structure that grounds core societal processes. In recent years, however, the debate over the right way to theorize choice - for example, as a rational or a behavioral type of decision making - has intensified. This collection provides an in-depth discussion of the promises and perils of specific types of theories of choice. It shows how the selection of a specific theory of choice can make a difference for concrete legal questions, in particular in the regulation of the digital economy or in choosing between market, firm, or network. In its first part, the volume provides an accessible overview of the current debates about rational versus behavioral approaches to theories of choice. The remainder of the book structures the vast landscape of theories of choice along with three main types: individual, collective, and organizational decision making. As theories of choice proliferate and become ever more sophisticated, however, the process of choosing an adequate theory of choice becomes increasingly intricate. This volume addresses this selection problem for the various legal arenas in which individual, organizational, and collective decisions matter. By drawing on economic, technological, political, and legal points of view, the volume shows which theories of choice are at the disposal of the legally relevant decision-maker, and how they can be operationalized for the solution of concrete legal problems. The editors acknowledge the kind support of the Fritz Thyssen Foundation for an exploratory conference on the subject of the book.
Public Decision Making Processes And Asymmetry Of Information
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Author : Massimo Marrelli
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06
Public Decision Making Processes And Asymmetry Of Information written by Massimo Marrelli and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-12-06 with Business & Economics categories.
The problems arising from the existence of asymmetric information in public decision making have been widely explored by economists. Most of the traditional analysis of public sector activities has been reviewed to take accountofthe possible distortions arising from an asymmetric distribution of relevant information among the actors of the public decision-making process. A normative approach has been developed to design incentive schemes which tackle adverse selection and moral hazard problems within public organisations: our understanding of these problems is now much better, and some of the mechanisms designed have had important practical implications. While this analysis is still under way in many fields of public economics, as the papers by Jones and Zanola, and Trimarchi witness, a debate is ongoing on the possible theoretical limitations ofthis approach and on its actual relevance for public sector activities. This book encompasses different contributions to these issues, on both theoretical and practical areas, which were firstly presented at a conference in Catania. The innermost problem in the current discussion arises from the fact that this normative analysis is firmly rooted in the complete contracting framework, with the consequence that, despite the analytical complexities of most models, their results rely on very simplified assumptions. Most complexities of the organisation of public sector, and more generally, of writing "contracts", are therefore swept away.
Risk Choice And Uncertainty
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Author : George G. Szpiro
language : en
Publisher: Columbia University Press
Release Date : 2020-01-07
Risk Choice And Uncertainty written by George G. Szpiro and has been published by Columbia University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-01-07 with Business & Economics categories.
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.
Strategic Economic Decision Making
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Author : Jeff Grover
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-05
Strategic Economic Decision Making written by Jeff Grover and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-12-05 with Mathematics categories.
Strategic Economic Decision-Making: Using Bayesian Belief Networks to Solve Complex Problems is a quick primer on the topic that introduces readers to the basic complexities and nuances associated with learning Bayes’ theory and inverse probability for the first time. This brief is meant for non-statisticians who are unfamiliar with Bayes’ theorem, walking them through the theoretical phases of set and sample set selection, the axioms of probability, probability theory as it pertains to Bayes’ theorem, and posterior probabilities. All of these concepts are explained as they appear in the methodology of fitting a Bayes’ model, and upon completion of the text readers will be able to mathematically determine posterior probabilities of multiple independent nodes across any system available for study. Very little has been published in the area of discrete Bayes’ theory, and this brief will appeal to non-statisticians conducting research in the fields of engineering, computing, life sciences, and social sciences.
Nonlinear Models For Economic Decision Processes
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Author : Ionut Purica
language : en
Publisher: World Scientific
Release Date : 2010
Nonlinear Models For Economic Decision Processes written by Ionut Purica and has been published by World Scientific this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010 with Business & Economics categories.
Using models, developed in one branch of science, to describe similar behaviors encountered in a different one, is the essence of a synergetic approach. A wide range of topics has been developed including Agent-based models, econophysics, socio-economic networks, information, bounded rationality and learning in economics, markets as complex adaptive systems evolutionary economics, multiscale analysis and modeling, nonlinear dynamics and econometrics, physics of risk, statistical and probabilistic methods in economics and finance. Complexity. This publication concentrates on process behavior of economic systems and building models that stem from Haken's, Prigogine's, Taylor's work as well as from nuclear physics models.
Economic Decision Making
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Author : Sisay Asefa
language : en
Publisher: Iowa State Press
Release Date : 1985
Economic Decision Making written by Sisay Asefa and has been published by Iowa State Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1985 with Economic policy categories.
Decision Making
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Author : Michal Skorepa
language : en
Publisher: Bloomsbury Publishing
Release Date : 2017-09-16
Decision Making written by Michal Skorepa and has been published by Bloomsbury Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-09-16 with Business & Economics categories.
Decision Making provides a broad survey of the field of decision making from the perspective of the economics researcher. The book is divided into two parts, the first provides a concise and systematic overview of the field of decision research, and the second goes deeper into key topics and debates within the field.
Economic Decision Making
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Author : Jean Jaskold Gabszewicz
language : en
Publisher: North Holland
Release Date : 1990
Economic Decision Making written by Jean Jaskold Gabszewicz and has been published by North Holland this book supported file pdf, txt, epub, kindle and other format this book has been release on 1990 with Decision-Making categories.
This collection of articles illustrates the interplay between economic and game theory, econometrics and optimisation in economic decision making. The contributions from these three areas are presented in honour of Jacques Dregrave;ze and are inspired by his vision of how these disciplines can and should interact. The material illustrates how each of the disciplines has evolved over the last twenty years, and emphasizes the continuous need for interdisciplinary approaches to economic decision-making.