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Risky Curves

- On the Empirical Failure of Expected Utility

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For several decades, the orthodox economics approach to understanding choice under risk has been to assume that each individual person maximizes some sort of personal utility function defined over purchasing power. This new volume contests that even the best wisdom from the orthodox theory is inadequate, and proposes the return to a simpler sort of scientific theory of risky choice

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  • Sprog:
  • Engelsk
  • ISBN:
  • 9781138096462
  • Indbinding:
  • Paperback
  • Sideantal:
  • 152
  • Udgivet:
  • 25. maj 2017
  • Størrelse:
  • 232x157x17 mm.
  • Vægt:
  • 240 g.
  • 8-11 hverdage.
  • 2. december 2024
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Beskrivelse af Risky Curves

For several decades, the orthodox economics approach to understanding choice under risk has been to assume that each individual person maximizes some sort of personal utility function defined over purchasing power. This new volume contests that even the best wisdom from the orthodox theory is inadequate, and proposes the return to a simpler sort of scientific theory of risky choice

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