Carte Decision Theory and Choices: a Complexity Approach Marisa Faggini

Decision Theory and Choices: a Complexity Approach

Limbă: engleză
Legare: Carte broșată
Editura: Springer Verlag
Disponibilitate: În depozitul extern
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In economics agents are assumed to choose on the basis of rational calculations aimed at the maximiz...

Informații despre carte

Limbă
engleză
Legare
Carte - Carte broșată
Publicat
2016
Pagini
251
EAN
9788847058170
ISBN
8847058171
Enbook ID
14229213
Editura
Greutate
454
Dimensiuni
155 x 235 x 15

Descriere completă

In economics agents are assumed to choose on the basis of rational calculations aimed at the maximization of their pleasure or profit. Formally, agents are said to manifest transitive and consistent preferences in attempting to maximize their utility in the presence of several constraints. They operate according to the choice imperative: given a set of alternatives, choose the best. This imperative works well in a static and simplistic framework, but it may fail or vary when 'the best' is changing continuously. This approach has been questioned by a descriptive approach that springing from the complexity theory tries to give a scientific basis to the way in which individuals really choose, showing that those models of human nature is routinely falsified by experiments since people are neither selfish nor rational. Thus inductive rules of thumb are usually implemented in order to make decisions in the presence of incomplete and heterogeneous information sets.

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