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Theory of Decision under Uncertainty (Econometric Society Monographs, Series Number 45) Mortgages Booker Prize–winning author of Atonement

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Theory of Decision under Uncertainty (Econometric Society Monographs, Series Number 45) Mortgages Booker Prize–winning author of AtonementThis book describes the classical axiomatic theories of decision under uncertainty, as well as critiques thereof and alternative theories. It focuses on the meaning of probability, discussing some definitions and surveying their scope of applicability. The behavioral definition of subjective probability serves as a way to present the classical theories, culminating in Savage's theorem. The limitations of this result as a definition of probability lead

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