Cardinalism

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Cardinalism

M. Allais,O. Hagen
Cardinalism Book PDF

Author : M. Allais,O. Hagen
Publisher : Springer Science & Business Media
Page : 317 pages
File Size : 52,8 Mb
Release : 2012-12-06
Category : Philosophy
ISBN : 9789401108881

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Cardinalism by M. Allais,O. Hagen Pdf

THE CONCEPTION OF THIS VOLUME This volume, Cardinalism, has been initiated by Ole Hagen, and is now published due to his perseverance and to Kluwer Academic Publishers. Because of various activities and duties, my contribution to the general conception of this volume has only been formal, and all the credit for it is due to Ole Hagen. I should also emphasize that the responsibility for the year's delay in the publishing of this volume is entirely mine, for two reasons. First of all, I have been involved in many works in very different fields. Second, the English translation of my 1943 contribution to the concept of cardinal utility took some time. The points of view the reader will find in this volume are often different and sometimes contradictory, but this can only increase the interest of its reading. In any case, this is not the editors' part to side with or against. Thus contributions to this volume are presented as they have been submit ted to the editors. Of course, this does not mean that they entirely agree with the analyses presented. MAURICE ALLAIS M. Allais and O. Hagen (eds.), Cardinalism, vii INTRODUCTION Everyone's conscious choices are assumed to reflect their preferences in different situations. For some purposes it serves the theorist's preference for simplicity to assume that a person's life style can be described by the values of some concrete variables, such as quantities of goods available.

The Mind under the Axioms

Sacha Bourgeois-Gironde
The Mind under the Axioms Book PDF

Author : Sacha Bourgeois-Gironde
Publisher : Academic Press
Page : 216 pages
File Size : 51,7 Mb
Release : 2019-09-18
Category : Business & Economics
ISBN : 9780128151327

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The Mind under the Axioms by Sacha Bourgeois-Gironde Pdf

The Mind under the Axioms reviews two basic ingredients of our understanding of human decisions – conative aspects (preferences) and cognitive aspects (beliefs). These ingredients are axiomatized in modern decision theory in the view to obtain a formally and empirically tractable representation of the decision-maker. The main issue developed in this book is the connection between realistic and testable psychological features and the descriptive component of abstract axioms of rationality. It addresses three main topics for which the interaction between axiomatization and psychology leads to potential new developments in experimental decision-theory and puts strictures on the standard revealed preference methodology prevailing in that field. The possibility of a cardinal representation of preferences is discussed. Different ways of accounting for incomplete preferences, and in which sense, are analysed. Finally, the conditions of separability between preferences and beliefs, such as prescribed by axioms of state-independence, are submitted to actual and potential tests. The book offers a bridge between the disciplines of decision-theory, psychology, and neuroeconomics. It is thus relevant for those, in psychology and cognitive sciences, who are sometimes put off by the high degree of formalism and abstraction in decision-theory, that seems to lie beyond the reach of psychological realism. It also aims to convince those in decision-theory for whom psychological realism and empirical testability should not constrain the modelling enterprise that conceptual clarification can come from attempted experimentation. Addresses open and evolving theoretical issues in decision-theory, especially from experimental perspectives Helps researchers understand the psychological and neuroscientific mechanisms for decision-making Considers how preferences shape beliefs and how beliefs shape preferences Uncovers the very formal and abstract psychological and behavioral implications that are actually made in contemporary decision-theory

Dilemmas in Economic Theory : Persisting Foundational Problems of Microeconomics

Michael Mandler Associate Professor of Economics Harvard University
Dilemmas in Economic Theory Persisting Foundational Problems of Microeconomics Book PDF

Author : Michael Mandler Associate Professor of Economics Harvard University
Publisher : Oxford University Press, USA
Page : 226 pages
File Size : 50,9 Mb
Release : 1999-01-29
Category : Business & Economics
ISBN : 9780195349207

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Dilemmas in Economic Theory : Persisting Foundational Problems of Microeconomics by Michael Mandler Associate Professor of Economics Harvard University Pdf

By examining the development of economics in the 20th century, this book argues that the breakthroughs of post WWII general equilibrium theory and its rejection of utilitarianism and marginal productivity have been misunderstood. Mandler maintains that although earlier neoclassicism deserved criticism, current theory does not adequately address the problems the discarded concepts were designed to solve, and that intractable dilemmas therefore appear.

Under Cover of Science

James R. Hackney Jr.
Under Cover of Science Book PDF

Author : James R. Hackney Jr.
Publisher : Duke University Press
Page : 261 pages
File Size : 41,5 Mb
Release : 2007-03-28
Category : Law
ISBN : 9780822389712

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Under Cover of Science by James R. Hackney Jr. Pdf

For more than two decades, the law and economics movement has been one of the most influential and controversial schools of thought in American jurisprudence. In this authoritative intellectual history, James R. Hackney Jr. situates the modern law and economics movement within the trajectory of American jurisprudence from the early days of the Republic to the present. Hackney is particularly interested in the claims of objectivity or empiricism asserted by proponents of law and economics. He argues that the incorporation of economic analysis into legal decision making is not an inherently objective enterprise. Rather, law and economics often cloaks ideological determinations—particularly regarding the distribution of wealth—under the cover of science. Hackney demonstrates how legal-economic thought has been affected by the prevailing philosophical ideas about objectivity, which have in turn evolved in response to groundbreaking scientific discoveries. Thus Hackney’s narrative is a history not only of law and economics but also of select strands of philosophy and science. He traces forward from the seventeenth-century the interaction of legal thinking and economic analysis with ideas about the attainability of certitude. The principal legal-economic theories Hackney examines are those that emerged from classical legal thought, legal realism, law and neoclassical economics, and critical legal studies. He links these theories respectively to formalism, pragmatism, the analytic turn, and neopragmatism/postmodernism, and he explains how each of these schools of philosophical thought was influenced by specific scientific discoveries: Newtonian physics, Darwin’s theory of evolution, Einstein’s theories of relativity, and quantum mechanics. Under Cover of Science challenges claims that the contemporary law and economics movement is an objective endeavor by historicizing ideas about certitude and empiricism and their relation to legal-economic thought.

Economic Theory of Fuzzy Equilibria

Antoine Billot
Economic Theory of Fuzzy Equilibria Book PDF

Author : Antoine Billot
Publisher : Springer Science & Business Media
Page : 192 pages
File Size : 40,7 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9783642799495

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Economic Theory of Fuzzy Equilibria by Antoine Billot Pdf

Fuzzy set theory, which started not much more than 20 years ago as a generalization of classical set theory, has in the meantime evolved into an area which scientifically, as well as from the point of view of applications, is recognized as a very valuable contribution to the existing knowledge. This book provides a remarkable contribution to Fuzzy Economics and presents the state of the art in fuzzy theory of value, namely the aggregated model of microeconomics with fuzzy behaviours. It presents an analysis of classical problems with new tools which lead to interesting results.

History of Marginal Utility Theory

Emil Kauder
History of Marginal Utility Theory Book PDF

Author : Emil Kauder
Publisher : Princeton University Press
Page : 271 pages
File Size : 43,6 Mb
Release : 2015-12-08
Category : Business & Economics
ISBN : 9781400877744

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History of Marginal Utility Theory by Emil Kauder Pdf

The author blends historical narrative with a topical approach and discusses such aspects of the theory as measurement, total value, and imputation. Originally published in 1965. 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 published by Princeton University Press since its founding in 1905.

The Prose Works of Andrew Marvell: 1672-1673

Andrew Marvell,Annabel M. Patterson
The Prose Works of Andrew Marvell 1672 1673 Book PDF

Author : Andrew Marvell,Annabel M. Patterson
Publisher : Yale University Press
Page : 544 pages
File Size : 40,6 Mb
Release : 2003-01-01
Category : Literary Collections
ISBN : 0300099355

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The Prose Works of Andrew Marvell: 1672-1673 by Andrew Marvell,Annabel M. Patterson Pdf

Andrew Marvell (1621-78) is best known today as the author of a handful of exquisite lyrics and provocative political poems. In his own time, however, Marvell was famous for his brilliant prose interventions in the major issues of the Restoration, religious toleration, and what he called "arbitrary” as distinct from parliamentary government. This is the first modern edition of all Marvell’s prose pamphlets, complete with introductions and annotation explaining the historical context. Four major scholars of the Restoration era have collaborated to produce this truly Anglo-American edition. From the Rehearsal Transpros’d, a serio-comic best-seller which appeared with tacit permission from Charles II himself, through the documentary Account of the Growth of Popery and Arbitrary Government, Marvell established himself not only as a model of liberal thought for the eighteenth century but also as an irresistible new voice in political polemic, wittier, more literary, and hence more readable than his contemporaries.

Risk, Decision and Rationality

Bertrand Munier
Risk Decision and Rationality Book PDF

Author : Bertrand Munier
Publisher : Springer Science & Business Media
Page : 694 pages
File Size : 48,5 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9789400940192

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Risk, Decision and Rationality by Bertrand Munier Pdf

Decision Theory has considerably developed in the late 1970's and the 1980's. The evolution has been so fast and far-r2aching that it has become increasingly difficult to keep track of the new state of the art. After a decade of new contributions, there was a need for an overview' of the field. This book is intended to fill the gap. The reader will find here thirty~nine selected papers which were given at FUR-III, the third international confe rence on the Foundations and applications of Utility, Risk and decision theories, held in Aix-en-Provence in June 1986. An introductory chapter will provide an overview of the main questions raised on the subject since the 17th Century and more particularly so in the last thirty years, as well as some elementary information on the experimental and theoretical results obtained. It is thus hoped that any reader with some basic background in either Economics, Hanagement or Operations Research will be able to read profitably the thirty-nine other chapters. Psychologists, Sociologists, Social Philosophers and other specialists of the social sciences will also read this book with interest, as will high-level practitioners of decision~making and advanced students in one of the abovementioned fields. An expository survey of this volume will be found at the end of the introductory chapter, so that any of the seven parts of the book can be put by the reader in due perspective.

Applied Consumption Analysis

L. Phlips
Applied Consumption Analysis Book PDF

Author : L. Phlips
Publisher : Elsevier
Page : 344 pages
File Size : 54,8 Mb
Release : 2014-07-14
Category : Business & Economics
ISBN : 9781483298702

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Applied Consumption Analysis by L. Phlips Pdf

This volume links the abstract theory of demand with its econometric implementation. Exercises lead the reader from elementary utility maximization to the most sophisticated recent techniques, highlighting the main steps in the historical evolution of the subject. The first part presents a brief discussion of duality and flexible forms, and in particular of Deaton and Muellbauer's ``almost ideal demand system''. Part two includes the author's work on true wage indexes, and on intertemporal utility maximization.

Generations of Economists

David Collard
Generations of Economists Book PDF

Author : David Collard
Publisher : Taylor & Francis
Page : 353 pages
File Size : 54,9 Mb
Release : 2012-07-26
Category : Business & Economics
ISBN : 9781136866333

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Generations of Economists by David Collard Pdf

This book focuses on the interaction between practising economists and previous generations of economists. Because economic problems, such as crashes, tend to recur and are only partially understood, it may be profitable read the work of previous generations in a collaborative spirit. Sometimes this can offer a different perspective on current preoccupations and cause us to reconsider the scope of our much criticised subject. The book gathers together earlier work by the author which appeared in various academic books and journals with the addition of six new chapters. The collection makes for a lively, informative and thought-provoking collection. It will interest anyone with an interest in the history of economics and of economic thought.

Progress in Utility and Risk Theory

G.M. Hagen,Fred Wenstøp
Progress in Utility and Risk Theory Book PDF

Author : G.M. Hagen,Fred Wenstøp
Publisher : Springer Science & Business Media
Page : 282 pages
File Size : 50,8 Mb
Release : 2012-12-06
Category : Social Science
ISBN : 9789400963511

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Progress in Utility and Risk Theory by G.M. Hagen,Fred Wenstøp Pdf

1. PROGRESS IN UTILITY AND RISK THEORY At the First International Congress of Utility and Risk Theory in Oslo 1982 (FUR-82) it appeared to be a widespread feeling among the participants that the conference signalled something like a paradigm shift in the field. This does not necessarily mean that old truths were discarded and replaced by new ones, but rather that new theories and new empirical evidence were brought forth, compelling old theories to be critically analyzed from new angels. Some of the papers presented at FUR-82 have been published by Reidel in 1983 in a volume edited by Stigum and Wenst0p. The present volume contains com mentaries on a number of the papers presented at the conference together with broader outlines of current views on the theory. The observation that utility and risk theory now appears to be in a state of rapid change has prompted us to choose the title PROGRESS IN UTILITY AND RISK THEORY for the book, in the belief that science always moves from poorer to more advanced paradigms or from weaker to more forceful theories. In other words, change is usually progress, even though intermediate stages in a para digm shift may be bewildering, to say the least.

Main Currents in Modern Economics

Ben B. Seligman
Main Currents in Modern Economics Book PDF

Author : Ben B. Seligman
Publisher : Routledge
Page : 780 pages
File Size : 53,6 Mb
Release : 2020-02-27
Category : Business & Economics
ISBN : 9781000677973

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Main Currents in Modern Economics by Ben B. Seligman Pdf

Main Currents in Modem Economics deserves to be the classic it is. At the time of its original publication in 1962, Ben Seligman, a scholar’s scholar, had immersed himself in the development of economic thought since 1870. This product of his efforts is truly timeless. Why is Main Currents still modern and surprisingly up-to-date? For Seligman, the story begins with the revolt of German historical writers against the rigidity of classical doctrine, a natural starting point for contemporary theory. He takes us from the world of Thorstein Veblen to Galbraith’s theory of countervailing power and the affluent society—worlds that he makes us understand are not so far apart., Seligman also shows us how the doctrines begin to repeat themselves. Tradition is reaffirmed with the rediscovery of marginalism by Jevons, the Austrians, and J. B. Clark. A more neutral version of “equilibrium economics” is supplied by Leon Walras and Vilfredo Pareto, a main current of thought extended by John R. Hicks and Paul A. Samuelson. Seligman characterizes the principal trait of modern doctrine as the use of technique for its own sake. Dismissing G.L.S. Shackle’s writing on uncertainty, he criticizes Shackle’s use of continuous rather than discontinuous function., Main Currents may have been published too soon to be fully appreciated. Selig-man’s focus on the thrust toward technique now has a ring of truth that can no longer be ignored. As Ray Canterbery notes in his introduction, in some respects only the names of the players have changed, and Main Currents’ pertinence to today’s issues is self-evident. Economics has moved so deeply into technique that the next generation may have to rediscover the past in order to find its way out. Seligman s book is a good place to begin the journey.

Philosophy of Economics

D. Ross
Philosophy of Economics Book PDF

Author : D. Ross
Publisher : Springer
Page : 358 pages
File Size : 48,6 Mb
Release : 2016-04-30
Category : Philosophy
ISBN : 9781137318756

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Philosophy of Economics by D. Ross Pdf

Don Ross provides a concise and distinct introduction to the philosophy of economics for students in need of a short but engaging study of the main issues in the subject today. Ross offers his own provocative interpretation of the value of economics in science and public policy giving a unique perspective from a world authority.

Economic Theory and Cognitive Science

Don Ross
Economic Theory and Cognitive Science Book PDF

Author : Don Ross
Publisher : MIT Press
Page : 466 pages
File Size : 43,5 Mb
Release : 2005
Category : Business & Economics
ISBN : 0262182467

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Economic Theory and Cognitive Science by Don Ross Pdf

A hilariously funny cookbook–cum–how–I–did–it memoir by the chef/restaurateur who created New York's dazzling Ápizz restaurant. At the age of thirty–seven, John LaFemina left a lucrative career as a jeweler to become a chef. Instead of going back to school, or getting on–the–job training, he did it the hard way: he bought the restaurant and then taught himself to cook. Today he owns two of New York's great Italian restaurants–Ápizz and Peasant–and is one of the city's most–talked–about chefs, earning rave reviews from fans and critics. In this gorgeous cookbook, he not only shares scores of recipes, but describes his life as a Canarsie boy learning about meatballs and macaroni in his mother's kitchen–and reveals how he drew on a lifetime of Italian cooking, and his own hard work and exquisite taste to create his dream restaurant from scratch. LaFemina takes us step–by–step through the process of finding the perfect location (and figuring out how many meatballs you have to sell to pay the rent), designing a restaurant, procuring all the necessary permits and licenses, and creating the menu. And this is just the first part of running a restaurant. He shares his experiences in dealing with the public and the press, unexpected disasters, and finally, basking in the glory of a popular restaurant. Along with his inspiring story, John LaFemina also shares 100 mouthwatering recipes, including: Lasagna with Braised Wild Boar Mushroom Risotto Veal, Beef, and Pork Meatballs with Ricotta Filling Open Ravioli with Roasted Butternut Squash Creamsicle Panna Cotta Chocolate Banana Bread Pudding

Welfare Economics

Roger A. McCain
Welfare Economics Book PDF

Author : Roger A. McCain
Publisher : Routledge
Page : 234 pages
File Size : 49,6 Mb
Release : 2019-05-09
Category : Business & Economics
ISBN : 9781134864386

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Welfare Economics by Roger A. McCain Pdf

Although it was an important specialization in economics in the mid-twentieth century, welfare economics has received less attention in the twenty-first century. This book explores the history of welfare economics, with a view to explaining its rise and subsequent decline. Drawing on both philosophy and economics, this book offers a new and original perspective on the history of welfare economics, starting with Pigou and charting the trajectory of applied and theoretical welfare economics throughout the twentieth century. This book will be of interest to students and researchers of philosophy, economics and history of economic thought.