Title Fundamental uncertainty : rationality and plausible reasoning / edited by Silva Marzetti Dall'Aste Brandolini and Roberto Scazzieri

Published Basingstoke, Hampshire ; New York : Palgrave Macmillan, 2011

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Description 1 online resource (xx, 348 pages) : illustrations Contents Fundamental Uncertainty and Plausible Reasoning: Introduction; S. Marzetti & R. Scazzieri -- Logic, Empiricism and Probability Structures; H. Kyburg -- The Weight of Argument; I. Levi -- Inductive Intuition; V. Fano -- A Theory of Similarity and Uncertainty; R. Scazzieri -- Generalized Theory of Uncertainty: Principal Concepts and Ideas; L. Zadeh -- The Weight of Argument and Economic Decisions; A. Vercelli -- The Relevance Quotient and Probabilistic Equilibrium; D. Costantini & U. Garibaldi -- Non Self-Averaging Phenomena in Macroeconomics: Neglected Sources of Uncertainty and Policy Ineffectiveness; M. Aoki -- Induction and Atomic Universe: A Critical Reorientation of Keynes's Economic and Philosophical Thoughts; I. Hishiyama -- Uncertainty and Rationality: Keynes and Modern Economics; J. Kregel & E. Nasica -- Moral Good and Right Conduct: A General Theory of Welfare Under Fundamental Uncertainty; S. Marzetti Introduction: fundamental uncertainty and plausible reasoning / Silva Marzetti Dall'Aste Brandolini and Roberto Scazzieri -- Logic, empiricism and probability structures / Henry E. Kyburg, Jr. -- The weight of argument / Isaac Levi -- A critical evaluation of comparative probability / Vincenzo Fano -- A theory of similarity and uncertainty / Roberto Scazzieri -- Generalized theory of uncertainty: principal concepts and ideas / Lotfi A. Zadeh -- Weight of argument and economic decisions / Alessandro Vercelli -- The relevance quotient: Keynes and Carnap / Domenico Costantini and Ubaldo Garibaldi -- Non self-averaging phenomena in macroeconomics: neglected sources of uncertainty and policy ineffectiveness / Masano Aoki -- A critical reorientation of Keynes's economic and philosophical thoughts / Izumi Hishiyama -- Uncertainty and rationality : Keynes and modern economics / John Allen Kregel and Erica Nasica -- Moral good and right conduct: a general theory of welfare under fundamental uncertainty / Silva Marzetti Dall'Aste Brandolini Summary The subject of decision theory under non-standard uncertainty has become increasingly pertinent in many disciplines today. This volume provides a comprehensive assessment of the concepts and theories developed to deal with situations in which standard tools of decision theory cannot be used. It moves beyond the classical distinction between risk and uncertainty, and suggests that most problems involving strategic choices in the face of severe uncertainty involve a conceptual and methodological shift addressing the interface between quantitative and qualitative assessment. The volume takes an interdisciplinary approach and provides a coherent framework to explore fundamental uncertainty from the point of view of an extended conception of rationality. It examines topics, such as, rationality and commitment, weight of argument and probability structures, similarity theory, reasoning with natural languages, economic decisions and moral judgement in view of uncertain outcomes. This book is indispensable reading for all interested in behavioural economics and decision-making theory "This volume addresses the subject of uncertainty from the point of view of an extended conception of rationality. In particular, the contributions explore the premises and implications of plausible reasoning when probabilities are non-measurable or unknown, and when the space of possible events is only partially identified."--Publisher description Bibliography Includes bibliographical references and indexes Notes Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 MiAaHDL Print version record digitized 2011 HathiTrust Digital Library committed to preserve pda MiAaHDL Subject Uncertainty. Reasoning. Rationalism. Practical reason. Decision making. Rational expectations (Economic theory) Reasoning -- Econometric models Decision Making rationalism (philosophy) decision making. Behavioural economics. Economic theory & philosophy. Management decision making. BUSINESS & ECONOMICS -- Decision-Making & Problem Solving. Economics. Decision making Practical reason Rational expectations (Economic theory) Rationalism Reasoning Uncertainty Entscheidung bei Unsicherheit Entscheidungstheorie Plausibilität Rational Choice Wirtschaftstheorie 77.32 intelligence, creativity. Uncertainty. Rationality. Form Electronic book Author Marzetti Dall'Aste Brandolini, Silva. Scazzieri, Roberto. ISBN 9780230305687 0230305687

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