Decision theory and choices : a complexity approach /

Decision theory and choices : a complexity approach / editors, Marisa Faggini, Concetto Paolo Vinci.

In economics agents are assumed to choose on the basis of rational calculations aimed at the maximization of their pleasure or profit. Formally, agents are said to manifest transitive and consistent preferences in attempting to maximize their utility in the presence of several constraints. They oper...

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Bibliographic Details
Other Authors: Abatemarco, Antonio, Aiello, Rossella, Arecchi, F. T., Biggiero, Lucio, 1955-, Bimonte, Giovanna, Bruno, Sergio, 1941-, Chiarella, Carl, Di Gregorio, Maria Pia, Di Tollo, Giacomo, 1981-, Faggini, Marisa (Editor), Giansante, Simone, 1979-, Gil Aluja, Jaime, Khrennikov, A. I︠U︡. (Andreĭ I︠U︡rʹevich), 1958-, Lyra, Marianna, 1983-, Meucci, Riccardo, Monaco, Guglielmo, Nota, Giancarlo, Sordi, Serena, Terna, Pietro, Velupillai, Kumaraswamy, 1947-, Vercelli, Alessandro, Vinci, Concetto Paolo (Editor)
Format: Ebook
Language:English
Published: Milan : Springer Verlag Italia, 2010.
Series:New economic windows.
Subjects:
Consumer behavior.
Decision making > Psychological aspects.
Decision making > Social aspects
Economics > Methodology.
Economics > Philosophy
Economics > Psychological aspects.
Economics > Sociological aspects.
Economics > Statistical methods.
Econophysics.
Finance, Personal > Decision making
Financial risk management > Decision making
Rational choice theory.
Risk.
Online Access:Springer eBooks
Description
Summary:In economics agents are assumed to choose on the basis of rational calculations aimed at the maximization of their pleasure or profit. Formally, agents are said to manifest transitive and consistent preferences in attempting to maximize their utility in the presence of several constraints. They operate according to the choice imperative: given a set of alternatives, choose the best. This imperative works well in a static and simplistic framework, but it may fail or vary when 'the best' is changing continuously. This approach has been questioned by a descriptive approach that springing from the.
Physical Description:1 online resource (xiv, 251 pages).
Format:Mode of access: World Wide Web.
Bibliography:Includes bibliographical references.
ISBN:1283074656
8847017785
9781283074650
9788847017788
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