Economic Decisions Under Uncertainty (Study in Mathematics & Managerial Economics) (English and German Edition)
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Economic Decisions Under Uncertainty (Study in Mathematics & Managerial Economics) (English and German Edition) (1983)
EN HC US
ISBN: 9780444863874 bzw. 0444863877, in Englisch, 378 Seiten, Elsevier Science Ltd, gebundenes Buch, gebraucht.
Lieferung aus: Vereinigte Staaten von Amerika, Usually ships in 1-2 business days.
Von Händler/Antiquariat, Ammareal - Pro seller - ships within 24hrs.
The Fundamental Issues Involved Why do we need a theory of uncertainty? It is a fact that almost all man's economic decisions are made under conditions of uncertainty, but this fact alone does not provide a strong enough argument for making the effort necessary to generalize ordinary preference theory designed for a world of perfect certainty. In accordance with Occam's Razor, the mathematician may well welcome a generalization of assumptions even if it does not promise more than a restatement of known results. The economist, however, will only be well disposed towards making the effort if he can expect to achieve new insights and interesting results, for he is interested in the techniques necessary for the generalization only as means to an end, not as ends in themselves. A stronger reason for developing a theory of uncertainty, therefore, seems to be the fact that there are kinds of economic activities to which the non-stochastic preference theory has no access or has access only through highly artificial constructions. Such activities include portfolio decisions of wealth holders, speculation, and insurance. These will be considered in detail in the last chapter of the book. The main purpose of this book, however, is not to apply a theory of uncertainty to concrete economic problems, the purpose rather is to formulate such a theory. Hardcover, Label: Elsevier Science Ltd, Elsevier Science Ltd, Produktgruppe: Book, Publiziert: 1983-10, Studio: Elsevier Science Ltd, Verkaufsrang: 5585318.
Von Händler/Antiquariat, Ammareal - Pro seller - ships within 24hrs.
The Fundamental Issues Involved Why do we need a theory of uncertainty? It is a fact that almost all man's economic decisions are made under conditions of uncertainty, but this fact alone does not provide a strong enough argument for making the effort necessary to generalize ordinary preference theory designed for a world of perfect certainty. In accordance with Occam's Razor, the mathematician may well welcome a generalization of assumptions even if it does not promise more than a restatement of known results. The economist, however, will only be well disposed towards making the effort if he can expect to achieve new insights and interesting results, for he is interested in the techniques necessary for the generalization only as means to an end, not as ends in themselves. A stronger reason for developing a theory of uncertainty, therefore, seems to be the fact that there are kinds of economic activities to which the non-stochastic preference theory has no access or has access only through highly artificial constructions. Such activities include portfolio decisions of wealth holders, speculation, and insurance. These will be considered in detail in the last chapter of the book. The main purpose of this book, however, is not to apply a theory of uncertainty to concrete economic problems, the purpose rather is to formulate such a theory. Hardcover, Label: Elsevier Science Ltd, Elsevier Science Ltd, Produktgruppe: Book, Publiziert: 1983-10, Studio: Elsevier Science Ltd, Verkaufsrang: 5585318.
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Economic Decisions Under Uncertainty (Study in Mathematics & Managerial Economics) (English and German Edition) (1983)
EN HC US
ISBN: 9780444863874 bzw. 0444863877, in Englisch, North-Holland, gebundenes Buch, gebraucht.
Lieferung aus: Vereinigte Staaten von Amerika, zzgl. Versandkosten, Verandgebiet: DOM.
Von Händler/Antiquariat, 5Boros Books, NJ, SUMMIT, [RE:4].
Some may have high-lighting or writings, some are ex-library. Hard cover.
Von Händler/Antiquariat, 5Boros Books, NJ, SUMMIT, [RE:4].
Some may have high-lighting or writings, some are ex-library. Hard cover.
3
Symbolbild
Economic Decisions Under Uncertainty (Study in Mathematics & Managerial Economics) (1983)
EN HC US
ISBN: 9780444863874 bzw. 0444863877, in Englisch, Elsevier Science Ltd, gebundenes Buch, gebraucht.
Lieferung aus: Vereinigte Staaten von Amerika, Versandkosten nach: USA.
Von Händler/Antiquariat, Ergodebooks.
Elsevier Science Ltd, 1983-10-01. Hardcover. Good. Buy with confidence. Excellent Customer Service & Return policy. Ships Fast. 24*7 Customer Service.
Von Händler/Antiquariat, Ergodebooks.
Elsevier Science Ltd, 1983-10-01. Hardcover. Good. Buy with confidence. Excellent Customer Service & Return policy. Ships Fast. 24*7 Customer Service.
4
Symbolbild
Economic Decisions Under Uncertainty (Study in Mathematics & Managerial Economics) (English and Germ (1983)
EN HC US
ISBN: 9780444863874 bzw. 0444863877, in Englisch, Elsevier Science Ltd, gebundenes Buch, gebraucht.
Lieferung aus: Vereinigte Staaten von Amerika, zzgl. Versandkosten, Verandgebiet: DOM.
Von Händler/Antiquariat, More Books, FL, MIAMI, [RE:3].
Hardcover.
Von Händler/Antiquariat, More Books, FL, MIAMI, [RE:3].
Hardcover.
5
Symbolbild
Economic Decisions Under Uncertainty (1983)
EN HC US
ISBN: 9780444863874 bzw. 0444863877, in Englisch, Elsevier Science Ltd, gebundenes Buch, gebraucht.
Lieferung aus: Vereinigte Staaten von Amerika, zzgl. Versandkosten, Verandgebiet: DOM.
Von Händler/Antiquariat, Rain Dog Books, Il, Bloomington, [RE:4].
Hardcover.
Von Händler/Antiquariat, Rain Dog Books, Il, Bloomington, [RE:4].
Hardcover.
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