Decision Making Under Uncertainty: the Case of State-Dependent Preferences
- List Price: $45.00
- Binding: Hardcover
- Publisher: Harvard University Press
- Publish date: 11/01/1985
Description:
This book presents a self-contained, comprehensive, and unified treatment of the theory of decision making under uncertainty with state dependent preferences. The author begins by setting forth axiomatic foundations of subjective expected utility theory with stat-dependent preferences. He then develops measures of risk aversion and of risk for state-dependent utility functions and shows how they can be applied to decisions involving health and life insurance.
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