The Economics of Uncertainty. (PSME-2), Volume 2 / / Karl Hendrik Borch.
Game theory has brought into economics an uncertainty principle similar to the one brought into physics by the quantum theory. Professor Barch's main purpose in this book is to show how one can construct realistic economic theories by taking uncertainty into account instead of dismissing it. He...
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| Superior document: | Title is part of eBook package: De Gruyter Princeton Legacy Lib. eBook Package 1931-1979 |
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| VerfasserIn: | |
| Place / Publishing House: | Princeton, NJ : : Princeton University Press, , [2015] ©1968 |
| Year of Publication: | 2015 |
| Language: | English |
| Series: | Princeton Studies in Mathematical Economics ;
2084 |
| Online Access: | |
| Physical Description: | 1 online resource (236 p.) |
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Table of Contents:
- Frontmatter
- Preface
- Contents
- Chapter I. The Economics of Uncertainty
- Chapter II. Economic Decisions under Uncertainty
- Chapter III. The Bernoulli Principle
- Chapter IV. Applications of the Bernoulli Principle Some Illustrations
- Chapter V. Portfolio Selection
- Chapter VI. The Bernoulli Principle- Observations and Experiments
- Chapter VII. Decisions with Unknown Probabilities
- Chapter VIII. Market Equilibrium under Uncertainty
- Chapter IX. The Two-person Zero-sum Game
- Chapter X. The General Two-person Game
- Chapter XI. Elements of the General Game Theory
- Chapter XII. The Objectives of the Firm
- Chapter XIII. Survival and the Objectives of the Firm
- Chapter XIV. Credibility and Subjective Probabilities
- Chapter XV. Group Decisions
- Index