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Advances in Decision Making Under Risk and Uncertainty

  • Mohammed Abdellaoui
  • John D. Hey

Part of the Theory and Decision Library book series (TDLC, volume 42)

Table of contents

  1. Front Matter
    Pages i-xiii
  2. Uncertainty and Information Modeling

  3. Risk Modeling

  4. Experimental Individual Decision Making

    1. E. Carbone
      Pages 137-150
    2. A. Morone, A. Fiore
      Pages 151-162
    3. F. Giardini, G. Coricelli, M. Joffily, A. Sirigu
      Pages 163-180
  5. Experimental Interactive Decision Making

About these proceedings

Introduction

Whether we like it or not we all feel that the world is uncertain. From choosing a new technology to selecting a job, we rarely know in advance what outcome will result from our decisions. Unfortunately, the standard theory of choice under uncertainty developed in the early forties and fifties turns out to be too rigid to take many tricky issues of choice under uncertainty into account. The good news is that we have now moved away from the early descriptively inadequate modeling of behavior. This book brings the reader into contact with the accomplished progress in individual decision making through the most recent contributions to uncertainty modeling and behavioral decision making. It also introduces the reader into the many subtle issues to be resolved for rational choice under uncertainty.

Keywords

Ambiguity Expected Utility Intertemporal Decision Making Probability Risk Uncertainty Utility modeling

Editors and affiliations

  • Mohammed Abdellaoui
    • 1
  • John D. Hey
    • 2
  1. 1.Ecole des Hautes EtudesCommerciales (HEC)Jouy-en-JosasFrance
  2. 2.Department of EconomicsUniversity of YorkHeslingtonUK

Bibliographic information

  • DOI https://doi.org/10.1007/978-3-540-68437-4
  • Copyright Information Springer-Verlag Berlin Heidelberg 2008
  • Publisher Name Springer, Berlin, Heidelberg
  • eBook Packages Business and Economics
  • Print ISBN 978-3-540-68436-7
  • Online ISBN 978-3-540-68437-4
  • Series Print ISSN 0924-6126
  • Buy this book on publisher's site