Description |
1 online resource |
Series |
Studies in philosophy |
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Studies in philosophy (New York, N.Y.)
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Contents |
Cover; Title; Copyright; Dedication; Contents; INTRODUCTION; FURTHER READINGS; ACKNOWLEDGMENTS; NOTE TO READER; CHAPTER 1; Ambiguity and Risk; Vagueness, Confidence, and the Weight of Arguments; The Nature and Uses of Normative Theory; The Validation of Normative Propositions; The Utility Axioms as Norms; Normative Theory and Empirical Research; CHAPTER 2; The Bernoulli Proposition; A Possible Counterexample: Are there Uncertainties that are Not Risks?; Vulgar Evaluations of Risk; CHAPTER 3; The Measurement of Definite Opinions; von Neumann-Morgenstern Utilities; Probability as Price |
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Coherence and Definiteness of Probability-PricesAppendix to Chapter Three; On Making a Fool of Oneself: The Requirement of Coherence; Acceptable Odds: Definite, Coherent, and Otherwise; CHAPTER 4; Opinions and Actions: Which Come First?; The Logic of Degrees of Belief; Opinions that Make Horse Races; Postulate 2: the Sure-Thing Principle -- Intuitive Probabilities and Vagueness -- Appendix to Chapter Four; The Savage Postulates; The Koopman Axioms; CHAPTER 5; Uncertainties that are Not Risks; The Three-Color Urn Example; Vulgar Evaluations of Ambiguity |
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Appendix to Chapter FiveCHAPTER 6; Why Are Some Uncertainties Not Risks?; Decision Criteria for Complete Ignorance -- Decision Criteria for Partial Ignorance -- CHAPTER 7; The Restricted Hurwicz Criterion -- The Restricted Bayes/Hurwicz Criterion -- Boldness and Prudence: The n-Color Urn Example; Ignorance, Probability, and Varieties of Gamblers; CHAPTER 8; Ambiguity and the Utility Axioms; The Pratt/Raiffa Criticisms and the Value of Randomization; Rubin's Axiom; Allais and the Sure-Thing Principle; Winning at Russian Roulette; BIBLIOGRAPHY |
Summary |
Ellsberg elaborates on ""Risk, Ambiguity, and the Savage Axioms"" and mounts a powerful challenge to the dominant theory of rational decision in this book |
Bibliography |
Includes bibliographical references |
Notes |
Online resource; title from PDF title page (EBSCO, viewed July 9, 2015) |
Subject |
Decision making.
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Statistical decision.
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decision making.
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BUSINESS & ECONOMICS -- Industrial Management.
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BUSINESS & ECONOMICS -- Management.
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BUSINESS & ECONOMICS -- Management Science.
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BUSINESS & ECONOMICS -- Organizational Behavior.
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Decision making
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Statistical decision
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Form |
Electronic book
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ISBN |
9781136711985 |
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1136711988 |
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