Risky curves : on the empirical failure of expected utility /
"For several decades, the orthodox economics approach to understanding choice under risk has been to assume that each individual person maximizes some sort of personal utility function defined over purchasing power. This new volume contests that even the best wisdom from the orthodox theory is...
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| Other Authors: | , , |
| Format: | eBook |
| Language: | English |
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New York :
Routledge,
2014.
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| Online Access: | Connect to the full text of this electronic book |
| Summary: | "For several decades, the orthodox economics approach to understanding choice under risk has been to assume that each individual person maximizes some sort of personal utility function defined over purchasing power. This new volume contests that even the best wisdom from the orthodox theory is inadequate, and proposes the return to a simpler sort of scientific theory of risky choice"-- |
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| Physical Description: | 1 online resource (xii, 137 pages) : illustrations. |
| Bibliography: | Includes bibliographical references and index. |
| ISBN: | 9781317821236 (electronic bk.) 1317821238 (electronic bk.) 1315819899 (electronic bk.) 9781315819891 (electronic bk.) |