Risk and rationality /
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 permissive theory: one that allows individuals to pay attention to the worst-case or best-case scenario, an...
| Main Author: | |
|---|---|
| Format: | eBook |
| Language: | English |
| Published: |
Oxford :
Oxford University Press,
[2013]
|
| Subjects: | |
| Online Access: | Connect to the full text of this electronic book |
| Summary: | 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 permissive theory: one that allows individuals to pay attention to the worst-case or best-case scenario, and vindicates the ordinary decision-maker. |
|---|---|
| Physical Description: | 1 online resource (xii, 260 pages) : illustrations |
| Bibliography: | Includes bibliographical references and index. |
| ISBN: | 9780191652325 0191652326 9780191759048 019175904X |