An introduction to decision theory

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Cambridge University Press, May 14, 2009 - Business & Economics - 317 pages
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This up-to-date introduction to decision theory offers comprehensive and accessible discussions of decision-making under ignorance and risk, the foundations of utility theory, the debate over subjective and objective probability, Bayesianism, causal decision theory, game theory, and social choice theory. No mathematical skills are assumed, and all concepts and results are explained in non-technical and intuitive as well as more formal ways. There are over 100 exercises with solutions, and a glossary of key terms and concepts. An emphasis on foundational aspects of normative decision theory (rather than descriptive decision theory) makes the book particularly useful for philosophy students, but it will appeal to readers in a range of disciplines including economics, psychology, political science and computer science.

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Contents

The decision matrix
17
Decisions under ignorance
40
Decisions under risk
64
Copyright

13 other sections not shown

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About the author (2009)

Martin Peterson is Associate Professor of Philosophy at the Royal Institute of Technology, Sweden. He is author of Non-Bayesian Decision Theory (2008).