Limit search to available items
Book Cover
E-book
Author Ellsberg, Daniel, author.

Title Risk, ambiguity and decision / Daniel Ellsberg
Published New York, NY : Routledge, 2010
©2001

Copies

Description 1 online resource
Series Studies in philosophy
Studies in philosophy (New York, N.Y.)
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
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
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.
Statistical decision.
decision making.
BUSINESS & ECONOMICS -- Industrial Management.
BUSINESS & ECONOMICS -- Management.
BUSINESS & ECONOMICS -- Management Science.
BUSINESS & ECONOMICS -- Organizational Behavior.
Decision making
Statistical decision
Form Electronic book
ISBN 9781136711985
1136711988