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Foundations of Rational Choice Under Risk Solar Wooden presents the timeless wisdom

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Wooden presents the timeless wisdom of legendary basketball coach John Wooden

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Foundations of Rational Choice Under Risk Solar Wooden presents the timeless wisdomIn this book, Paul Anand examines the normative interpretation of Subjective Expected Utility (SEU). He tests the philosophical and logical basis for associating SEU with rational choice. Decision theorists have increasingly come to accept the experimental evidence that subjects systematically violate the axiomatic assumptions of SEU, and as a result the past decade has witnessed an explosion of mathematical models that seek to capture this behaviour.

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