Uncertainty and Risk

Mental, Formal, Experimental Representations

By: Mohammed Abdellaoui (Editor), R. Duncan Luce (Editor), Mark J. Machina (Editor)

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Hardcover | 17 July 2007

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316 Pages

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24.77 x 15.88 x 2.54

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This book tries to sort out the different meanings of uncertainty and to discover their foundations. It shows that uncertainty can be represented using various tools and mental guidelines. Coverage also examines alternative ways to deal with risk and risk attitude concepts. Behavior under uncertainty emerges from this book as something to base more on inquiry and reflection rather than on mere intuition.

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Non-Fiction Reference, Information & Interdisciplinary Subjects Research & Information Decision Theory Psychology Cognition & Cognitive Psychology Mathematics Optimisation Game Theory Economics Economic Theory & Philosophy Business & Management

Operational Research

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Paperback

Published: 30th November 2010

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Introduction	p. 1
Foundations
Conjectures, Refutations and Discoveries: Incorporating New Knowledge in Models of Belief and Choice Under Uncertainty	p. 9
When an Event Makes a Difference	p. 27
Countable Additivity and the Foundations of Bayesian Statistics	p. 33
On the Quantification and Decomposition of Uncertainty	p. 41
The Importance of Representational Tools in Understanding Behaviour Under Uncertainty and Risk
Preference for Diversification with Similarity Considerations	p. 63
Uncertainty Improves the Second-Best	p. 85
Lorenz Meets Rating but Misses Valuation	p. 101
A Deeper Look at Hyperbolic Discounting	p. 125
The Assessment of Several Alternative Decision Rules
"Take-the-Best" and Other Simple Strategies: Why and When They Work "Well" with Binary Cues	p. 153
On Generalized Secretary Problems	p. 187
Voting on Alternatives or on Criteria? The Meta-Decision on Group Decision Procedures	p. 207
Models of Risk Attitude Modelling and Methodological Issues
Probabilistic Risk Analysis Versus Decision Analysis: Similarities, Differences and Illustrations	p. 223
A Conjoint Measurement Based Rationale for Inducing Preferences	p. 243
Active Search for Probability Information and Recall Performance: Is Probability an Outstanding Element in the Mental Representation of Risky Decisions?	p. 261
Evolutionary Analysis of Risk Attitudes in Competitive Bidding Environments Using Simulation	p. 275
Behavior in Risky Decisions: Focus on Risk Defusing	p. 291
Table of Contents provided by Publisher. All Rights Reserved.

Uncertainty and Risk

Mental, Formal, Experimental Representations

At a Glance

Hardcover

Shipping

How to return your order

Defective items

You Can Find This Book In

Other Editions and Formats

Paperback

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