Omar Hamouda, Robin Rowley

Probability in Economics (eBook, ePUB)

• Format: ePub

Produktbeschreibung

Notions of probability and uncertainty have been increasingly prominant in modern economics. This book considers the philosophical and practical difficulties inherent in integrating these concepts into realistic economic situations. It outlines and evaluates the major developments, indicating where further work is needed. This book addresses: * probability, utility and rationality within current economic thought and practice * concepts of ignorance and indeterminancy * experimental economics * econometrics, with particular reference inference and estimation.

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Produktdetails

• Verlag: Taylor & Francis
• Seitenzahl: 208
• Erscheinungstermin: 15. April 2013
• Englisch
• ISBN-13: 9781135084752
• Artikelnr.: 39118566

Autorenporträt

Hamouda, Omar; Rowley, Robin

Inhaltsangabe

1. Introduction 2. Varieties of Probability 3. Expected Utility 4. Rationality and Conditional Expectations 5. Ignorance
Surprise and Vagueness 6. Experiments
Dynamics
and Cognitive Illusions 7. Evidence
Support
and Beliefs 8. Economics 9. Concluding Remarks and Overview