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The Economics of Uncertainty. (PSME-2), Volume 2 (Princeton Studies in Mathematical Economics) by Borch, Karl Hendrik is a nonfiction available to read on EtoBox.

What is The Economics of Uncertainty. (PSME-2), Volume 2 (Princeton Studies in Mathematical Economics) about?

Game theory has brought into economics an uncertainty principle similar to the one brought into physics by the quantum theory. Professor Barch's main purpose in this book is to show how one can construct realistic economic theories by taking uncertainty into account instead of dismissing it. He brings together a number of recent developments in different fields of economics and other social sciences in which uncertainty and chance play a central role and shows that they really constitute an entity. These developments include the revisions of utility, the introduction of game theory as a basic tool, and the view of the foundations of probability theory adopted by modern Bayesian statisticians. Originally published in 1968. The **Princeton Legacy Library** uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books publish

Who reads The Economics of Uncertainty. (PSME-2), Volume 2 (Princeton Studies in Mathematical Economics)?

Author

Borch, Karl Hendrik

Publisher

Princeton University Press

Published

1968

Language

EN

ISBN

9780691041247

Category

nonfiction

Subjects

Economics, Management, Business