Foundations Of Utility And Risk Theory With Applications
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Foundations Of Utility And Risk Theory With Applications
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Author : Bernt P. Stigum
language : en
Publisher: Springer Science & Business Media
Release Date : 2013-03-09
Foundations Of Utility And Risk Theory With Applications written by Bernt P. Stigum 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 2013-03-09 with Social Science categories.
In this volume we present some o~ the papers that were delivered at FUR-82 - the First International Con~erence on Foundations o~ Utility and Risk Theory in Oslo, June 1982. The purpose o~ the con~erence was to provide a ~orum within which scientists could report on interesting applications o~ modern decision theory and exchange ideas about controversial issues in the ~oundations o~ the theory o~ choice under un certainty. With that purpose in mind we have selected a mixture of applied and theoretical papers that we hope will appeal to a wide spectrum o~ readers ~rom graduate students in social science departments and business schools to people involved in making hardheaded decisions in business and government. In an introductory article Ole Hagen gives an overview o~ various paradoxes in utility and risk theory and discusses these in the light o~ scientific methodology. He concludes the article by calling ~or joint efforts to provide decision makers with warkable theories. Kenneth Arrow takes up the same issue on a broad basis in his paper where he discusses the implications o~ behavior under uncertainty for policy. In the theoretical papers the reader will ~ind attempts at de~initive Statements of the meaning o~ old concepts and suggestions for the adoption o~ new concepts. For instance, Maurice Allais discusses four di~ferent interpretations o~ the axioms o~ probability and explains the need ~or an empirical characterization o~ the concept of chance.
Philosophy Of Probability
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Author : Jacques Dubucs
language : en
Publisher: Springer Science & Business Media
Release Date : 1993-09-30
Philosophy Of Probability written by Jacques Dubucs 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 1993-09-30 with Philosophy categories.
Philosophy of Probability provides a comprehensive introduction to theoretical issues that occupy a central position in disciplines ranging from philosophy of mind and epistemology to cognitive science, decision theory and artificial intelligence. Some contributions shed new light on the standard conceptions of probability (Bayesianism, logical and computational theories); others offer detailed analyses of two important topics in the field of cognitive science: the meaning and the representation of (partial) belief, and the management of uncertainty. The authors of this well-balanced account are philosophers as well as computer scientists (among them, L.J. Cohen, D. Miller, P. Gärdenfors, J. Vickers, D. Dubois and H. Prade). This multidisciplinary approach to probability is designed to illuminate the intricacies of the problems in the domain of cognitive inquiry. No one interested in epistemology or aritificial intelligence will want to miss it.
Handbook Of Risk Theory
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Author : Sabine Roeser
language : en
Publisher: Springer Science & Business Media
Release Date : 2012
Handbook Of Risk Theory written by Sabine Roeser 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 with Decision making categories.
Risk has become one of the main topics in fields as diverse as engineering, medicine and economics, and it is also studied by social scientists, psychologists and legal scholars. But the topic of risk also leads to more fundamental questions such as: What is risk? What can decision theory contribute to the analysis of risk? What does the human perception of risk mean for society? How should we judge whether a risk is morally acceptable or not? Over the last couple of decades questions like these have attracted interest from philosophers and other scholars into risk theory. This handbook provides for an overview into key topics in a major new field of research. It addresses a wide range of topics, ranging from decision theory, risk perception to ethics and social implications of risk, and it also addresses specific case studies. It aims to promote communication and information among all those who are interested in theoetical issues concerning risk and uncertainty. This handbook brings together internationally leading philosophers and scholars from other disciplines who work on risk theory. The contributions are accessibly written and highly relevant to issues that are studied by risk scholars. We hope that the Handbook of Risk Theory will be a helpful starting point for all risk scholars who are interested in broadening and deepening their current perspectives.
Theory And Decision
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Author : G. Eberlein
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06
Theory And Decision written by G. Eberlein 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 Social Science categories.
This collection of articles contains contributions from a few of Werner Leinfellner's many friends and colleagues. Some of them are former students of Werner's. Others were colleagues of his at various American and European universities. Further, some have come to know Werner through his research, his long-standing editorship of Theory and Deci sion and his extensive participation in international conferences and congresses. The following articles are new to this volume. The areas covered are those in which Werner continues to play an active professional role. We offer them as a tribute to the many and multi-faceted contributions to the scientific enterprise for which Werner Leinfellner is so widely known. We believe such a festschrift to be fitting and long overdue. Because of the breadth of Werner's professional associations, it was difficult to select representatives from among his many spheres of influence. We apologize to the many scholars who could not be in cluded because of time and space considerations. Finally, we wish to express appreciation to Dean John Guilds of the University of Arkansas for providing financial support early on in the evolution of this project, to Jennifer Bauman for her bravura performance in copy-editing the manuscripts, and to our publisher at Reidel for bringing this volume to press.
Advances In Public Economics Utility Choice And Welfare
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Author : Ulrich U. Schmidt
language : en
Publisher: Springer Science & Business Media
Release Date : 2006-06-28
Advances In Public Economics Utility Choice And Welfare written by Ulrich U. Schmidt 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 2006-06-28 with Business & Economics categories.
This Festschrift in honor ofChristian Seidl combines a group of prominent authors who are experts in areas like public economics, welfare economic, decision theory, and experimental economics in a unique volume. Christian Seidl who has edited together with Salvador Barber` a ` and Peter Hammond the Handbook of Utility Theory (appearing at Kluwer Academic Publishers/Springer Economics), has dedicated most of his research to utility and decision theory, social choice theory, welfare economics, and public economics. During the last decade, he has turned part of his attention to a research tool that is increasingly gaining in importance in economics: the laboratory experiment. This volume is an attempt to illuminate all facets of Christian Seidl’s ambitious research agenda by presenting a collection of both theoretical and expe- mental papers on Utility,Choice,andWelfare written by his closest friends, former students, and much valued colleagues. Christian Seidl was born on August 5, 1940, in Vienna, Austria. Beginning Winter term 1962/63, he studied Economics and Business Administration at the Vienna School of Economics (then “Hochschule fff ̈ ur ̈ Welthandel”). 1966 he was awarded an MBA by the Vienna School of Economics and 1969 a doctoral degree in Economics. In October 1968 Christian became a research assistant at the Institute of Economics at the University of Vienna. 1973 he acquired his habilitation (right to teach) in Economics — supervised by Wilhelm Weber — from the Department of Law and Economics of the University of Vienna. He was awarded the Dr.
Handbook Of The Fundamentals Of Financial Decision Making In 2 Parts
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Author : Leonard C Maclean
language : en
Publisher: World Scientific
Release Date : 2013-05-10
Handbook Of The Fundamentals Of Financial Decision Making In 2 Parts written by Leonard C Maclean and has been published by World Scientific this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-05-10 with Business & Economics categories.
This handbook in two parts covers key topics of the theory of financial decision making. Some of the papers discuss real applications or case studies as well. There are a number of new papers that have never been published before especially in Part II.Part I is concerned with Decision Making Under Uncertainty. This includes subsections on Arbitrage, Utility Theory, Risk Aversion and Static Portfolio Theory, and Stochastic Dominance. Part II is concerned with Dynamic Modeling that is the transition for static decision making to multiperiod decision making. The analysis starts with Risk Measures and then discusses Dynamic Portfolio Theory, Tactical Asset Allocation and Asset-Liability Management Using Utility and Goal Based Consumption-Investment Decision Models.A comprehensive set of problems both computational and review and mind expanding with many unsolved problems are in an accompanying problems book. The handbook plus the book of problems form a very strong set of materials for PhD and Masters courses both as the main or as supplementary text in finance theory, financial decision making and portfolio theory. For researchers, it is a valuable resource being an up to date treatment of topics in the classic books on these topics by Johnathan Ingersoll in 1988, and William Ziemba and Raymond Vickson in 1975 (updated 2nd edition published in 2006).
Cardinalism
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Author : M. Allais
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06
Cardinalism written by M. Allais 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 Philosophy categories.
THE CONCEPTION OF THIS VOLUME This volume, Cardinalism, has been initiated by Ole Hagen, and is now published due to his perseverance and to Kluwer Academic Publishers. Because of various activities and duties, my contribution to the general conception of this volume has only been formal, and all the credit for it is due to Ole Hagen. I should also emphasize that the responsibility for the year's delay in the publishing of this volume is entirely mine, for two reasons. First of all, I have been involved in many works in very different fields. Second, the English translation of my 1943 contribution to the concept of cardinal utility took some time. The points of view the reader will find in this volume are often different and sometimes contradictory, but this can only increase the interest of its reading. In any case, this is not the editors' part to side with or against. Thus contributions to this volume are presented as they have been submit ted to the editors. Of course, this does not mean that they entirely agree with the analyses presented. MAURICE ALLAIS M. Allais and O. Hagen (eds.), Cardinalism, vii INTRODUCTION Everyone's conscious choices are assumed to reflect their preferences in different situations. For some purposes it serves the theorist's preference for simplicity to assume that a person's life style can be described by the values of some concrete variables, such as quantities of goods available.
Theory And Experiment
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Author : Diderik Batens
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06
Theory And Experiment written by Diderik Batens 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 Science categories.
This is not "another collection of contributions on a traditional subject." Even more than we dared to expect during the preparatory stages, the papers in this volume prove that our thinking about science has taken a new turn and has reached a new stage. The progressive destruction of the received view has been a fascinating and healthy experience. At present, the period of destruction is over. A richer and more equilibrated analysis of a number of problems is possible and is being cru'ried out. In this sense, this book comes right on time. We owe a lot to the scholars of the Kuhnian period. They not only did away with obstacles, but in several respects instigated a shift in attention that changed history and philosophy of science in a irreversible way. A c1earcut example - we borrow it from the paper by Risto Hilpinen - concerns the study of science as a process, Rnd not only as a result. Moreover, they apparently reached several lasting results, e.g., concerning the tremendous impact of theoretical conceptions on empirical data. Apart from baffling people for several decades, this insight rules out an other return to simple-minded empiricism in the future.
Instrumental Rationality And Moral Philosophy
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Author : B. Verbeek
language : en
Publisher: Springer Science & Business Media
Release Date : 2013-03-09
Instrumental Rationality And Moral Philosophy written by B. Verbeek 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 2013-03-09 with Philosophy categories.
Many academic authors incur debts in the production of their work, many of which are intellectual. I am no exception. One of my intellectual debts is to three remarkable books, which formed the starting point for my thinking about norms. The first of these books is well known among philosophers: David Lewis' Convention. In vintage Lewisian prose, the book gives a lucid and convincing conventionalist analysis of semantic norms. The second 1985 dissertation Wederkerige book is Govert den Hartogh's Verwachtingen (Mutual Expectations). Partly because it was written in Dutch - my native tongue -partly because of the occasionally impenetrable style, it never got the attention it deserves. In that book, Den Hartogh extends Lewis' analysis of semantic norms to moral norms. Den Hartogh introduced the notion of cooperative virtues that is the focus of much of this book. The third book is a book on economics, largely ignored by economists, which only lately has started to receive some recognition among philosophers: Robert Sugden's The Economics of Rights, Co operation and Welfare. Sugden's book explains the emergence and stability of norms in terms of social evolution. Though all three books develop a of norms, their arguments and constructions are conventionalist account very different. Lewis and Den Hartogh take the picture of rational man deliberating about his course of action very serious; Sugden rejects this picture as unrealistic and unnecessary.
Large Scale Systems Control And Decision Making
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Author : H. Tamura
language : en
Publisher: CRC Press
Release Date : 1990-01-19
Large Scale Systems Control And Decision Making written by H. Tamura and has been published by CRC Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1990-01-19 with Technology & Engineering categories.
Six contributors from Japanese universities explore the basic theory and methodology of control and decision making in systems that either contain many variables or have some special characteristics such as multiple subsystems or control stations, a decentralized and/or hierarchical information stru