Models of Decision-Making

Name: Models of Decision-Making
Brand: Cambridge University Press
SKU: 9781107077799
Price: 672.21 RON
Availability: InStock

Simplifying Choices

Autor: Paul Weirich

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Legare: Copertă tare

Editura: Cambridge University Press

Disponibilitate: În depozitul extern

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Classical decision theory evaluates entire worlds, specified so as to include everything a decision-...

Informații despre carte

Autor

Paul Weirich

Limbă

engleză

Legare

Carte - Copertă tare

Publicat

2015

Pagini

276

EAN

9781107077799

ISBN

1107077796

Enbook ID

05165466

Editura

Cambridge University Press

Greutate

542

Dimensiuni

163 x 294 x 20

Descriere completă

Classical decision theory evaluates entire worlds, specified so as to include everything a decision-maker cares about. Thus applying decision theory requires performing computations far beyond an ordinary decision-maker's ability. In this book Paul Weirich explains how individuals can simplify and streamline their choices. He shows how different 'parts' of options (intrinsic, temporal, spatiotemporal, causal) are separable, so that we can know what difference one part makes to the value of an option, regardless of what happens in the other parts. He suggests that the primary value of options is found in basic intrinsic attitudes towards outcomes: desires, aversions, or indifferences. And using these two facts he argues that we need only compare small parts of the options we face in order to make a rational decision. This important book will interest readers in decision theory, economics, and the behavioral sciences.

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Models of Decision-Making

Simplifying Choices

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