rdf-syntax-grammar
mods:
  schema location: http://www.loc.gov/mods/v3 http://www.loc.gov/standards/mods/v3/mods-3-2.xsd
  title info:
    title: Decision theory
  name:
    name part: Weirich, Paul
    name part: 1946-
    role:
      role term: creator
    role:
      role term: author.
  name:
    name part: Atkinson, Paul
    name part: 1947-
    role:
      role term: editor.
  name:
    name part: Delamont, Sara
    name part: 1947-
    role:
      role term: editor.
  name:
    name part: Cernat, Alexandru
    role:
      role term: editor.
  name:
    name part: Sakshaug, Joseph W.
    role:
      role term: editor.
  name:
    name part: Williams, Richard A.
    name part: active 2020
    role:
      role term: editor.
  type of resource: text
  genre: bibliography
  origin info:
    place:
      place term: enk
    date issued: 2020
    issuance: monographic
  language:
    language term: eng
  physical description:
    form: remote
    extent: 1 online resource
  abstract: Decision theory gives an account of decision-making. It has a descriptive branch that explains how people make decisions and a normative branch that explains how people should make decisions to be rational. Many psychologists and economists formulate descriptive accounts of decision-making, whereas many philosophers and financial analysts formulate normative accounts of decision-making. The descriptive and normative branches are related because people want to make rational decisions, and so a normative account of decision-making offers a first approximation to a descriptive account of decision-making. This entry focuses on normative accounts of decision-making. It examines the most well-established principle of rational choice, namely, the principle to maximize expected utility. Then, it considers refinements and extensions of the principle. The refinements treat decision problems with unstable expected utilities, as may arise in games of strategy. The extensions evaluate for rationality the acts of collective agents, that is, groups of people. Decision theory contributes to the foundations of the behavioral sciences because it studies the behavior of people when their minds direct their behavior. It contributes to the social sciences because the behavior of people produces the acts of governments and societies.
  target audience: specialized
  note: by Paul Weirich ; edited by Paul Atkinson, Sara Delamont, Alexandru Cernat, Joseph W. Sakshaug & Richard A. Williams.
  note: Includes bibliographical references and index.
  subject:
    topic: Economics
  subject:
    topic: Psychology
  subject:
    topic: Business and Management
  subject:
    topic: Économie politique
  subject:
    topic: economics
  subject:
    topic: Economics
  subject:
    topic: Psychology
  classification: HB171
  identifier: 9781529748819
  identifier: 152974881X
  identifier: 9781526421036
  identifier: 1526421038
  identifier: http://proxy.library.tamu.edu/login
  record info:
    record content source: SGPBL
    record creation date: 201001
    record change date: 20240923170545.3
    record identifier: in00005496856
    language of cataloging:
      language term: eng