Decision-Making Under Uncertainty
Description
This book systematically develops essential concepts in the economics of uncertainty and game theory. It also presents new ideas for further research. The first part deals with the economics of uncertainty, including a discussion of expected utility theory and non-expected utility theories, insurance market, portfolio analysis, principal-agent theory, as well as ethical issues presented in the context of choice under uncertainty. The second part develops an understanding of game theory as a tool for analysing the interactive decision-making process.
Keywords
Business & EconomicsDecision-Making & Problem SolvingEconomicsMicroeconomicsTheory
1997Book
Author(s)Tapan Biswas
PublisherBloomsbury Academic
ISBN9780333662601
LanguageEnglish
