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Rationality and Dynamic Choice

Name: Rationality and Dynamic Choice
Brand: Cambridge University Press
SKU: 04090058
Price: 21050 HUF
Availability: InStock
Author: Edward F. McClennen
ISBN: 9780521063913

Edward F. McClennen

Language

English

Book Paperback

Libristo code: 04090058

Publishers Cambridge University Press, June 2008

This is a major contribution to the theory of rational choice which will be of particular interest t... Full description

Libristo code: 04090058

140 b

21 050 Ft

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This is a major contribution to the theory of rational choice which will be of particular interest to philosophers and economists. The author sets out the foundations of rational choice, and then sketches a dynamic choice framework in which principles of ordering and independence follow from a number of apparently plausible conditions. However, there is potential conflict among these conditions, and when they are weakened to avoid it the usual foundations of rational choice no longer prevail. The thrust of the argument is to suggest that the theory of rational choice is less deterministic than many suppose.