Notes on the Theory of Choice
By (author) David M. Kreps
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Notes on the Theory of Choice by David M. Kreps
Book DescriptionIn this book, Professor Kreps presents a first course on the basic models of choice theory that underlie much of economic theory. This course, taught for several years at the Graduate School of Business, Stanford University, gives the student an introduction to the axiomatic method of economic analysis, without placing too heavy a demand on mathematical sophistication.The course begins with the basics of choice and revealed preference theory and then discusses numerical representations of ordinal preference. Models with uncertainty come next: First is von Neumann--Morgenstern utility, and then choice under uncertainty with subjective uncertainty, using the formulation of Anscombe and Aumann, and then sketching the development of Savage's classic theory. Finally, the course delves into a number of special topics, including de Finetti's theorem, modeling choice on a part of a larger problem, dynamic choice, and the empirical evidence against the classic models.
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Book DetailsISBN: 9780813375533
(210mm x 140mm x 12mm)
Imprint: Westview Press Inc
Publisher: The Perseus Books Group
Publish Date: 21-Apr-1988
Country of Publication: United States
Books By Author David M. Kreps
Microeconomic Foundations I, Hardback (October 2012)
Provides a treatment of some of the basic tools of economic modeling and reasoning, along with an assessment of the strengths and weaknesses of these tools. This title develops the choice, price, and general equilibrium theory topics typically found in first-year theory sequences, but in complete mathematical form.
Student's Companion, Paperback (February 2004)
Supplements the textbook Microeconomics for Managers.
Microeconomics for Managers, Paperback (October 2003)
This outstanding new text by David Kreps, Microeconomics for Managers, underscores the connections between contemporary microeconomics and business, using full-length, integrated case studies to show prospective managers how economic models can yield answers to practical problems.
Strategic Human Resources, Hardback (April 1999)» View all books by David M. Kreps
Human Resources are the most important resource that a firm commands and should be regarded as capital, a factor of production in which managers invest today in order to realize future profits.
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Author Biography - David M. Kreps
David M. Kreps is the Paul E. Holden Professor of Economics in the Graduate School of Business, Stanford University.
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