Models and Experiments in Risk and Rationality

  • Bertrand Munier
  • Mark J. Machina

Part of the Theory and Decision Library book series (TDLB, volume 29)

Table of contents

  1. Front Matter
    Pages i-xi
  2. Psychological Aspects of Risk-Bearing

    1. Front Matter
      Pages 1-2
    2. Jean-Pascal Assailly
      Pages 3-15
    3. Paul J. H. Schoemaker, John C. Hershey
      Pages 35-55
  3. New Developments in the Theory of Risk Aversion

  4. Non-Expected Utility Models and Tests

  5. Multiple Criteria Decision-Making under Uncertainty

    1. Front Matter
      Pages 223-224
    2. Kazimierz Zaras, Jean-Marc Martel
      Pages 225-248
    3. Quingsan Cao, Jean-Pierre Protzen
      Pages 249-260
  6. Production, Firms and Markets

    1. Front Matter
      Pages 273-274
    2. Eirik Romstad, Per Kristian Rørstad
      Pages 275-288

About this book

Introduction

Models and Experiments in Risk and Rationality presents original contributions to the areas of individual choice, experimental economics, operations and analysis, multiple criteria decision making, market uncertainty, game theory and social choice. The papers, which were presented at the FUR VI conference, are arranged to appear in order of increasing complexity of the decision environment or social context in which they situate themselves.
The first section `Psychological Aspects of Risk-Bearing', considers choice at the purely individual level and for the most part, free of any specific economic or social context. The second section examines individual choice within the classical expected utility approach while the third section works from a perspective that includes non-expected utility preferences over lotteries. Section four, `Multiple Criteria Decision-Making Under Uncertainty', considers the more specialized but crucial context of uncertain choice involving tradeoffs between competing criteria -- a field which is becoming of increasing importance in applied decision analysis. The final two sections examine uncertain choice in social or group contexts.

Keywords

calculus cooperative games decision analysis decision making game theory production social choice utility theory

Editors and affiliations

  • Bertrand Munier
    • 1
  • Mark J. Machina
    • 2
  1. 1.Ecole Normale SupérieureCachanFrance
  2. 2.University of CaliforniaSan DiegoUSA

Bibliographic information

  • DOI https://doi.org/10.1007/978-94-017-2298-8
  • Copyright Information Springer Science+Business Media B.V. 1994
  • Publisher Name Springer, Dordrecht
  • eBook Packages Springer Book Archive
  • Print ISBN 978-90-481-4447-1
  • Online ISBN 978-94-017-2298-8
  • About this book
Industry Sectors
Pharma
Automotive
Biotechnology
Consumer Packaged Goods
Energy, Utilities & Environment
Oil, Gas & Geosciences