Choice under uncertainty

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  • (bq) part 1 book "microeconomics and behavior" has contents: thinking like an economist, thinking like an economist, rational consumer choice, applications of rational choice and demand theories, the economics of information and choice under uncertainty, departures from standard rational choice models, production, costs.

    pdf337p bautroibinhyen27 11-05-2017 35 6   Download

  • (bq) part 1 book "microeconomics and behavior" has contents: introduction, the theory of consumer behavior, rational consumer choice, individual and market demand, applications of rational choice and demand theories, the economics of information and choice under uncertainty, the importance of altruism and other nonegoistic behavior, cognitive limitations and consumer behavior.

    pdf292p bautroibinhyen18 21-02-2017 27 3   Download

  • Economics is often defined as something along the lines of “the study of how society manages its scarce resources.” The starting point of most such studies is that individuals allocate their resources such that they themselves will get the highest possible level of utility. An individual has an idea of what the consequences of different actions will be, and she chooses that action she believes will produce the best result for her.

    pdf134p tuanloc_do 04-12-2012 71 9   Download

  • We report the results of experiments on economic decisions with two populations, one of healthy elderly individuals (average age 82) and one of younger students (average age 20). We examine confidence, decisions under uncertainty, differences between willingness to pay and willingness to accept and the theory of mind (strategic thinking). Our findings indicate that the older adults’ decision behavior is similar to that of young adults, contrary to the notion that economic decision making is impaired with age.

    pdf12p taisaokhongthedung 01-01-2013 52 9   Download

  • objective or subjective, when making decisions under uncertainty. This is especially true when the consequences of the decisions can have a significant impact, financial or otherwise. Most of us make everyday personal decisions this way, using an intuitive process based on our experience and subjective judgments. Mainstream statistical analysis, however, seeks objectivity by generally restricting the information used in an analysis to that obtained from a current set of clearly relevant data.

    pdf240p lulanphuong 17-03-2012 51 8   Download



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