Risk, choice, and uncertainty : three centuries of economic decision-making
(Book)

Book Cover
Average Rating
Published
New York : Columbia University Press, [2020].
Status
Central - Adult Nonfiction
153.83 SZPIR

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LocationCall NumberStatus
Central - Adult Nonfiction153.83 SZPIRAvailable

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Format
Book
Physical Desc
xii, 250 pages : illustrations ; 24 cm
Language
English
ISBN
9780231194747, 0231194749

Notes

Bibliography
Includes bibliographical references and index.
Description
"At its core, economics is about making decisions. In the history of economic thought, great intellectual prowess has been exerted toward devising exquisite theories of optimal decision making in situations of constraint, risk, and scarcity. Yet not all of our choices are purely logical, and so there is a longstanding tension between those emphasizing the rational and irrational sides of human behavior. One strand develops formal models of rational utility maximizing while the other draws on what behavioral science has shown about our tendency to act irrationally. In Risk, Choice, and Uncertainty, George G. Szpiro offers a new narrative of the three-century history of the study of decision making, tracing how crucial ideas have evolved and telling the stories of the thinkers who shaped the field. Szpiro examines economics from the early days of theories spun from anecdotal evidence to the rise of a discipline built around elegant mathematics through the past half century's interest in describing how people actually behave. Considering the work of Locke, Bentham, Jevons, Walras, Friedman, Tversky and Kahneman, Thaler, and a range of other thinkers, he sheds light on the vast scope of discovery since Bernoulli first proposed a solution to the St. Petersburg Paradox. Presenting fundamental mathematical theories in easy-to-understand language, Risk, Choice, and Uncertainty is a revelatory history for readers seeking to grasp the grand sweep of economic thought"--,Provided by publisher.

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Citations

APA Citation (style guide)

Szpiro, G. (2020). Risk, choice, and uncertainty: three centuries of economic decision-making . Columbia University Press.

Chicago / Turabian - Author Date Citation (style guide)

Szpiro, George, 1950-. 2020. Risk, Choice, and Uncertainty: Three Centuries of Economic Decision-making. New York: Columbia University Press.

Chicago / Turabian - Humanities Citation (style guide)

Szpiro, George, 1950-. Risk, Choice, and Uncertainty: Three Centuries of Economic Decision-making New York: Columbia University Press, 2020.

MLA Citation (style guide)

Szpiro, George. Risk, Choice, and Uncertainty: Three Centuries of Economic Decision-making Columbia University Press, 2020.

Note! Citation formats are based on standards as of August 2021. Citations contain only title, author, edition, publisher, and year published. Citations should be used as a guideline and should be double checked for accuracy.

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