| Probability in Economics Contributor(s): Hamouda, Omar (Author), Rowley, Robin (Author) |
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ISBN: 041506712X ISBN-13: 9780415067126 Publisher: Routledge OUR PRICE: $228.00 Product Type: Hardcover - Other Formats Published: May 1996 Annotation: Notions of probability and uncertainty have been increasingly predominant in modern economics. This book considers the philosophical and practical difficulties inherent in integrating these concepts into realistic economic situations. It addresses probability, utility, and rationality within current economic thought and practice; concepts of ignorance and indeterminacy; experimental economics; econometrics, with particular reference to inference and estimation. br br b /b b i Probability in Economics /i /b provides a comprehensive overview of one of the most important issues in economics without relying on a mathematical or overly technical presentation. Its conclusion is that views of probability and uncertainty within contemporary economics are much too narrow, and that this severely limits their application to real circumstances and to normal patterns of choice. |
| Additional Information |
| BISAC Categories: - Business & Economics | Economics - General |
| Dewey: 330.015 |
| LCCN: 95046826 |
| Series: Routledge Frontiers of Political Economy |
| Physical Information: 0.63" H x 5.5" W x 8.5" (0.92 lbs) 208 pages |
| Descriptions, Reviews, Etc. |
| Publisher Description: 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 |
