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Table of contents (22 chapters)
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Front Matter
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Introduction to the Volume
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Individual Decisions under Risk and Uncertainty
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Front Matter
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Interaction, Information and Beliefs
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Front Matter
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Experimental Research
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Front Matter
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About this book
This book addresses some of the questions that have recently emerged in the research on decision-making and risk theory. In particular, authors have modeled more and more as interactions between the individual and the environment or between different individuals the emergence of beliefs as well as the specific type of information treatment traditionally called `rationality'. This book analyzes several cases of such an interaction and derives consequences for the future of decision theory and risk theory.
In the last ten years, modeling beliefs has become a specific sub-field of decision making, particularly with respect to low probability events. Rational decision making has also been generalized in order to encompass, in new ways and in more general situations than it used to be fitted to, multiple dimensions in consequences. This book deals with some of the most conspicuous of these advances.
It also addresses the difficult question to incorporate several of these recent advances simultaneously into one single decision model. And it offers perspectives about the future trends of modeling such complex decision questions.
The volume is organized in three main blocks:
- The first block is the more `traditional' one. It deals with new extensions of the existing theory, as is always demanded by scientists in the field.
- A second block handles specific elements in the development of interactions between individuals and their environment, as defined in the most general sense.
- The last block confronts real-world problems in both financial and non-financial markets and decisions, and tries to show what kind of contributions can be brought to them by the type of research reported on here.
Editors and Affiliations
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University of California, San Diego, USA
Mark J. Machina
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Ecole Normal Supérieure de Cachan, France
Bertrand Munier
Bibliographic Information
Book Title: Beliefs, Interactions and Preferences
Book Subtitle: in Decision Making
Editors: Mark J. Machina, Bertrand Munier
Series Title: Theory and Decision Library B
DOI: https://doi.org/10.1007/978-1-4757-4592-4
Publisher: Springer New York, NY
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eBook Packages: Springer Book Archive
Copyright Information: Springer-Verlag US 1999
Hardcover ISBN: 978-0-7923-8599-8Published: 30 September 1999
Softcover ISBN: 978-1-4419-5096-3Published: 07 December 2010
eBook ISBN: 978-1-4757-4592-4Published: 09 March 2013
Edition Number: 1
Number of Pages: VIII, 378
Topics: Operations Research/Decision Theory, Economic Theory/Quantitative Economics/Mathematical Methods
Industry Sectors: Biotechnology, Consumer Packaged Goods, Electronics, Engineering, Finance, Business & Banking, IT & Software