Risk, choice, and uncertainty three centuries of economic decision-making
"At its core, economics is about making decisions. In the history of economic thought, great intellectual prowess has been exerted toward devising exquisite theories of optimal decision making in situations of constraint, risk, and scarcity. Yet not all of our choices are purely logical, and so...
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| Formato: | Licensed eBooks |
| Idioma: | inglês |
| Publicado em: |
New York
Columbia University Press
[2020]
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| Colecção: | Risky decisions
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| Acesso em linha: | https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=2111848 |
Sumário:
- Introduction
- Part I. Happiness and the utility of wealth. 1. It all began with a paradox
- 2. More is better ...
- 3. ... at a decreasing rate
- Part II. Mathematics is the queen of the sciences ... 4. The marginalist triumvirate
- 5. Forgotten precursors
- 6. Betting on one's belief
- 7. Games economists play
- 8. Wobbly curves
- 9. Comparing the incomparable
- Part III. ... but man is the measure of all things. 10. More paradoxes
- 11. Good enough
- 12. Sunk costs, the gambler's fallacy, and other errors
- 13. Erroneous, irrational, or plain dumb?
- Notes
- Bibliography
- Index.