Ebook: Uncertain Decisions: Bridging Theory and Experiments

Uncertain Decisions: Bridging Theory and Experiments presents advanced directions of thinking on decision theory - in particular the more recent contributions on non-expected utility theory, fuzzy decision theory and case-based theory. This work also provides theoretical insights on measures of risk aversion and on new problems for general equilibrium analysis. It analyzes how the thinking that underlies the theories described above spills over into real decisions, and how the thinking that underlies these real decisions can explain the discrepancies between theoretical approaches and actual behavior. This work elaborates on how the most recent laboratory experiments have become an important source both for evaluating the leading theory of choice and decision, and for contributing to the formation of new models regarding the subject.

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Uncertain Decisions: Bridging Theory and Experiments presents advanced directions of thinking on decision theory - in particular the more recent contributions on non-expected utility theory, fuzzy decision theory and case-based theory. This work also provides theoretical insights on measures of risk aversion and on new problems for general equilibrium analysis. It analyzes how the thinking that underlies the theories described above spills over into real decisions, and how the thinking that underlies these real decisions can explain the discrepancies between theoretical approaches and actual behavior. This work elaborates on how the most recent laboratory experiments have become an important source both for evaluating the leading theory of choice and decision, and for contributing to the formation of new models regarding the subject.

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Uncertain Decisions: Bridging Theory and Experiments presents advanced directions of thinking on decision theory - in particular the more recent contributions on non-expected utility theory, fuzzy decision theory and case-based theory. This work also provides theoretical insights on measures of risk aversion and on new problems for general equilibrium analysis. It analyzes how the thinking that underlies the theories described above spills over into real decisions, and how the thinking that underlies these real decisions can explain the discrepancies between theoretical approaches and actual behavior. This work elaborates on how the most recent laboratory experiments have become an important source both for evaluating the leading theory of choice and decision, and for contributing to the formation of new models regarding the subject.
Content:
Front Matter....Pages i-xxxi
Front Matter....Pages 1-1
Risk and Uncertainty Aversion with Reference to the Theories Of Expected Utility, Rank Dependent Expected Utility, and Choquet Expected Utility.....Pages 3-37
Dynamic Consistency and Non-Expected Utility....Pages 39-52
Ambiguity-Aversion and Non-Additive Probability:....Pages 53-79
Front Matter....Pages 81-81
Consumption, Savings and Asset Returns with Non-Expected Utility....Pages 83-107
Estimating (Risk) Preference Functionals Using Experimental Methods....Pages 109-128
Randomisation, Mixed Strategies and the Reduction Axiom....Pages 129-146
Experimental Studies Of Signaling Games....Pages 147-173
Independence Between Events with Non-Additive Probability....Pages 175-181
Front Matter....Pages 183-183
Fuzzy Decision Theory....Pages 185-213
An Overview of Case-Based Decision Theory....Pages 215-235
The Recent Advances in Decision Theory Under Uncertainty....Pages 237-260
Front Matter....Pages 261-261
Decision Theory and Real Decisions:....Pages 263-291
Policy and the use of Laboratory Experimental Methodology in Economics....Pages 293-317
Buyer and Seller Effect Disentangled....Pages 319-341
Back Matter....Pages 343-351

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Uncertain Decisions: Bridging Theory and Experiments presents advanced directions of thinking on decision theory - in particular the more recent contributions on non-expected utility theory, fuzzy decision theory and case-based theory. This work also provides theoretical insights on measures of risk aversion and on new problems for general equilibrium analysis. It analyzes how the thinking that underlies the theories described above spills over into real decisions, and how the thinking that underlies these real decisions can explain the discrepancies between theoretical approaches and actual behavior. This work elaborates on how the most recent laboratory experiments have become an important source both for evaluating the leading theory of choice and decision, and for contributing to the formation of new models regarding the subject.
Content:
Front Matter....Pages i-xxxi
Front Matter....Pages 1-1
Risk and Uncertainty Aversion with Reference to the Theories Of Expected Utility, Rank Dependent Expected Utility, and Choquet Expected Utility.....Pages 3-37
Dynamic Consistency and Non-Expected Utility....Pages 39-52
Ambiguity-Aversion and Non-Additive Probability:....Pages 53-79
Front Matter....Pages 81-81
Consumption, Savings and Asset Returns with Non-Expected Utility....Pages 83-107
Estimating (Risk) Preference Functionals Using Experimental Methods....Pages 109-128
Randomisation, Mixed Strategies and the Reduction Axiom....Pages 129-146
Experimental Studies Of Signaling Games....Pages 147-173
Independence Between Events with Non-Additive Probability....Pages 175-181
Front Matter....Pages 183-183
Fuzzy Decision Theory....Pages 185-213
An Overview of Case-Based Decision Theory....Pages 215-235
The Recent Advances in Decision Theory Under Uncertainty....Pages 237-260
Front Matter....Pages 261-261
Decision Theory and Real Decisions:....Pages 263-291
Policy and the use of Laboratory Experimental Methodology in Economics....Pages 293-317
Buyer and Seller Effect Disentangled....Pages 319-341
Back Matter....Pages 343-351
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