Share
Decision Theory and Choices: A Complexity Approach (in English)
Faggini, Marisa ; Vinci, Concetto Paolo (Author)
·
Springer
· Hardcover
Decision Theory and Choices: A Complexity Approach (in English) - Faggini, Marisa ; Vinci, Concetto Paolo
$ 240.92
$ 401.54
You save: $ 160.62
Choose the list to add your product or create one New List
✓ Product added successfully to the Wishlist.
Go to My Wishlists
Origin: United Kingdom
(Import costs included in the price)
It will be shipped from our warehouse between
Friday, July 26 and
Monday, August 05.
You will receive it anywhere in United States between 1 and 3 business days after shipment.
Synopsis "Decision Theory and Choices: A Complexity Approach (in English)"
In economics agents are assumed to choose on the basis of rational calculations aimed at the maximization of their pleasure or profit. Formally, agents are said to manifest transitive and consistent preferences in attempting to maximize their utility in the presence of several constraints. They operate according to the choice imperative: given a set of alternatives, choose the best. This imperative works well in a static and simplistic framework, but it may fail or vary when 'the best' is changing continuously. This approach has been questioned by a descriptive approach that springing from the complexity theory tries to give a scientific basis to the way in which individuals really choose, showing that those models of human nature is routinely falsified by experiments since people are neither selfish nor rational. Thus inductive rules of thumb are usually implemented in order to make decisions in the presence of incomplete and heterogeneous information sets.
- 0% (0)
- 0% (0)
- 0% (0)
- 0% (0)
- 0% (0)
All books in our catalog are Original.
The book is written in English.
The binding of this edition is Hardcover.
✓ Producto agregado correctamente al carro, Ir a Pagar.
