Foundations of Rational Choice Under Risk Book + PRICE WATCH * Amazon pricing is not included in price watch

Foundations of Rational Choice Under Risk Book

Examines the normative interpretation of Subjective Expected Utility (SEU). This book describes and evaluates a number of existing criticisms of the formal theory of rationality and subjective expected utility theory. It provides an axiomatic alternative account of rational choice.Read More

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  • Product Description

    Paul Anand describes and evaluates many existing criticisms of the formal theory of rationality and subjective expected utility (SEU) theory. He tests the logical and philosophical basis for basing rational choice on SEU and argues that, empirically, SEU is false, and that normatively, it imposes unnecessary constraints on rational agency. He provides his own account of rational choice which is grounded in the relationship between an agent's preference and his or her behavior.

  • 0198774427
  • 9780198774426
  • Paul Anand
  • 10 August 1995
  • OUP Oxford
  • Paperback (Book)
  • 176
  • New Ed
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