Risk and Rationality
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Risk and Rationality Can Normative and Descriptive Analysis Be Reconciled? by Amos Tversky

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Published by Inst for Philosophy&Public Pol .
Written in English

Subjects:

  • Philosophy

Book details:

The Physical Object
FormatPaperback
ID Numbers
Open LibraryOL10450796M
ISBN 10031833321X
ISBN 109780318333212
OCLC/WorldCa228394885

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This book is about the principles that govern rational decision-making in the face of risk. A distinctive feature of these decisions is that individuals are forced to consider how their choices will turn out under various circumstances, and decide how to trade off the possibility that a choice will turn out well against the possibility that it will turn out poorly. This book challenges one of EU theory's central commitments: that ideal rationality is risk-neutral. Lara Buchak develops an alternative to EU theory that lets decision theorists model positive or negative attitudes toward risk. She presents her theory as a rival account of ideal rationality, rather than a descriptive account of human choice. The Myth of the Rational Market: A History of Risk, Reward, and Delusion on Wall Street [Justin Fox] on tonyasgaapartments.com *FREE* shipping on qualifying offers. The financial crisis of and subsequent Great Recession demolished many cherished beliefs—most significantlyCited by: Jul 25,  · Lara Buchak is an Assistant Professor in the Department of Philosophy at UC Berkeley. She received her AB from Harvard College in philosophy and mathematics in , and her PhD in philosophy from Princeton University in Her primary research is in decision-making, particularly decision-making in the face of risk.4/5(8).

Note: If you're looking for a free download links of Risk and Rationality Pdf, epub, docx and torrent then this site is not for you. tonyasgaapartments.com only do ebook promotions online and we does not distribute any free download of ebook on this site. Risk and Rationality argues against Savage from a normative standpoint. In particular, although Buchak agrees that expected utility maximization in the sense of (1) is . Aug 21,  · A statements that will orient us for the rest of the book. Survival comes first, truth, understanding, and science later. Rationality is risk management, period. “Consider: If you’re a New. Lara Buchak sets out an original account of the principles that govern rational decision-making in the face of risk. A distinctive feature of these decisions is that individuals are forced to consider how their choices will turn out under various circumstances, and decide how to trade off the Author: Lara Buchak.

Apr 17,  · Abstract. My book Risk and Rationality argues for a new alternative to the orthodox theory of rational decision-making. This alternative, risk-weighted expected utility maximization, holds that there are three important components involved in rational decision-making: utilities, probabilities, and Cited by: 1. Risk, Decision and Rationality by Bertrand R. Munier, , available at Book Depository with free delivery worldwide. Get this from a library! Risk and rationality. [Lara Marie Buchak] -- Lara Buchak sets out a new account of rational decision-making in the face of risk. She argues that the orthodox view (expected utility theory) is too narrow, and suggests an alternative, more. Risk, decision, and rationality. [Bertrand Munier;] Economics as Psychology: A Cognitive Assay of the French and American Schools of Risk Theory.- V / Rationality and the Logic of Decision.- A Generalisation of Rational Behaviour.- Infinite Regressions in the Optimizing Theory of Decision.- and rationality a schema:Book.