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Probability in Economics de Omar Hamouda

Probability in Economics: Routledge Frontiers of Political Economy

Autor Omar Hamouda, Robin Rowley
en Limba Engleză Paperback – 16 dec 2013
Notions of probability and uncertainty have been increasingly prominant in modern economics. This book considers the philosophical and practical difficulties inherent in integrating these concepts into realistic economic situations. It outlines and evaluates the major developments, indicating where further work is needed.
This book addresses:
* probability, utility and rationality within current economic thought and practice
* concepts of ignorance and indeterminancy
* experimental economics
* econometrics, with particular reference inference and estimation.
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Specificații

ISBN-13: 9780415862141
ISBN-10: 0415862140
Pagini: 208
Dimensiuni: 138 x 216 x 216 mm
Greutate: 0.29 kg
Ediția:1
Editura: Taylor & Francis
Colecția Routledge
Seria Routledge Frontiers of Political Economy

Locul publicării:Oxford, United Kingdom

Public țintă

Postgraduate

Cuprins

1. Introduction 2. Varieties of Probability 3. Expected Utility 4. Rationality and Conditional Expectations 5. Ignorance, Surprise and Vagueness 6. Experiments, Dynamics, and Cognitive Illusions 7. Evidence, Support, and Beliefs 8. Economics 9. Concluding Remarks and Overview

Descriere

Probability is a key concept in economics. This book adopts a critical attitude to the treatment of probability in most current economic modelling, whilst refraining from embracing chaos theory. Essential reading for the enquiring econometrician