Uncertainty in Economic Theory - 9780415324946

Taylor & Francis

This volume brings together important papers, coupled with new introductions, in the massively influential area of uncertainty in economic theory. > This volume brings together important papers, coupled with new introductions, in the massively influential area of uncertainty in economic theory. Seminal papers are available together for the first time in book format, with new introductions and under the steely editorship of Itzhak Gilboa - this book is a useful reference tool for economists all over the globe. > \nPart One: Theory 1. Introduction, Itzhak Gilboa2. Preference Axiomatizations for Decision under Uncertainty, Peter P. Wakker3. Defining Ambiguity and Ambiguity Attitude, Paolo Ghirardato4. Introduction to the Mathematics of Ambiguity, Massimo Marinacci and Luigi Montrucchio5. Subjective probability and expected utility without additivity David Schmeidler (Econometrica, 57 (1989): 571-587)6. Maxmin expected utility with a non-unique prior, Itzhak Gilboa and David Schmei)