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Independence, Additivity, Uncertainty

Name: Independence, Additivity, Uncertainty
Brand: Springer-verlag Berlin And Heidelberg Gmbh & Co. K
SKU: 21722526
Price: 2808.00 ZAR
Availability: InStock

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Springer-verlag Berlin And Heidelberg Gmbh & Co. K Video Games & Accessories

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This book deals with the important economic problem of uncertainty. The first attempt was to simplify and unify some results usually taught in courses in mathematical economics. The economic interpretation of the results was representations of preferences as sums or integrals and... Read more

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Features

Author	Karl Vind , H. Holden
Format	Hardcover
ISBN	9783540416838
Publication Date	20/08/2006
Publisher	Springer
Manufacturer	Springer-verlag Berlin And Heidelberg Gmbh & Co. K

Description

The book contains all the classical results, but the main justification of the book is that the approach taken in the earlier versions was also the proper approach in generalizing from preferences, which were total preorders to preferences, which were not total or transitive. The same mathematics gives representations which are additive.

It also gives decompositions where concepts of utility, probability, and uncertainty appeared. These results are new and give a solution to how uncertainty can be formalized.

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