Download Full eBooks in PDF
Economic Choice Theory Book in PDF, ePub and Kindle version is available to download in english. Read online anytime anywhere directly from your device. Click on the download button below to get a free pdf file of Economic Choice Theory book. This book definitely worth reading, it is an incredibly well-written.
Author : John H. Kagel,Raymond C. Battalio,Leonard Green
Publisher : Cambridge University Press
Page : 246 pages
File Size : 45,7 Mb
Release : 1995-01-27
Category : Business & Economics
ISBN : 9780521454889
This book describes the authors' research program using laboratory animals to investigate individual choice theory in economics.
Author : Allan M. Feldman,Roberto Serrano
Publisher : Springer Science & Business Media
Page : 401 pages
File Size : 45,7 Mb
Release : 2006-06-14
Category : Business & Economics
ISBN : 9780387293684
This book covers the main topics of welfare economics — general equilibrium models of exchange and production, Pareto optimality, un certainty, externalities and public goods — and some of the major topics of social choice theory — compensation criteria, fairness, voting. Arrow's Theorem, and the theory of implementation. The underlying question is this: "Is a particular economic or voting mechanism good or bad for society?" Welfare economics is mainly about whether the market mechanism is good or bad; social choice is largely about whether voting mechanisms, or other more abstract mechanisms, can improve upon the results of the market. This second edition updates the material of the first, written by Allan Feldman. It incorporates new sections to existing first-edition chapters, and it includes several new ones. Chapters 4, 6, 11, 15 and 16 are new, added in this edition. The first edition of the book grew out of an undergraduate welfare economics course at Brown University. The book is intended for the undergraduate student who has some prior familiarity with microeconomics. However, the book is also useful for graduate students and professionals, economists and non-economists, who want an overview of welfare and social choice results unburdened by detail and mathematical complexity. Welfare economics and social choice both probably suffer from ex cessively technical treatments in professional journals and monographs.
Author : Barry Schwartz
Publisher : Harper Collins
Page : 308 pages
File Size : 46,6 Mb
Release : 2009-10-13
Category : Psychology
ISBN : 9780061748998
Whether we're buying a pair of jeans, ordering a cup of coffee, selecting a long-distance carrier, applying to college, choosing a doctor, or setting up a 401(k), everyday decisions—both big and small—have become increasingly complex due to the overwhelming abundance of choice with which we are presented. As Americans, we assume that more choice means better options and greater satisfaction. But beware of excessive choice: choice overload can make you question the decisions you make before you even make them, it can set you up for unrealistically high expectations, and it can make you blame yourself for any and all failures. In the long run, this can lead to decision-making paralysis, anxiety, and perpetual stress. And, in a culture that tells us that there is no excuse for falling short of perfection when your options are limitless, too much choice can lead to clinical depression. In The Paradox of Choice, Barry Schwartz explains at what point choice—the hallmark of individual freedom and self-determination that we so cherish—becomes detrimental to our psychological and emotional well-being. In accessible, engaging, and anecdotal prose, Schwartz shows how the dramatic explosion in choice—from the mundane to the profound challenges of balancing career, family, and individual needs—has paradoxically become a problem instead of a solution. Schwartz also shows how our obsession with choice encourages us to seek that which makes us feel worse. By synthesizing current research in the social sciences, Schwartz makes the counter intuitive case that eliminating choices can greatly reduce the stress, anxiety, and busyness of our lives. He offers eleven practical steps on how to limit choices to a manageable number, have the discipline to focus on those that are important and ignore the rest, and ultimately derive greater satisfaction from the choices you have to make.
Author : Kenneth J. Arrow
Publisher : Yale University Press
Page : 347 pages
File Size : 47,7 Mb
Release : 2012-06-26
Category : Political Science
ISBN : 9780300186987
Originally published in 1951, "Social Choice and Individual Values" introduced "Arrow's Impossibility Theorem" and founded the field of social choice theory in economics and political science. This new edition, including a new foreword by Nobel laureate Eric Maskin, reintroduces Arrow's seminal book to a new generation of students and researchers."Far beyond a classic, this small book unleashed the ongoing explosion of interest in social choice and voting theory. A half-century later, the book remains full of profound insight: its central message, 'Arrow's Theorem, ' has changed the way we think."--Donald G. Saari, author of "Decisions and Elections: Explaining the Unexpected "
Author : Stefan Grundmann,Philipp Hacker
Publisher : Oxford University Press
Page : 353 pages
File Size : 47,6 Mb
Release : 2021-01-14
Category : Law
ISBN : 9780192608277
Choice is a key concept of our time. It is a foundational mechanism for every legal order in societies that are, politically, constituted as democracies and, economically, built on the market mechanism. Thus, choice can be understood as an atomic structure that grounds core societal processes. In recent years, however, the debate over the right way to theorize choice - for example, as a rational or a behavioral type of decision making - has intensified. This collection provides an in-depth discussion of the promises and perils of specific types of theories of choice. It shows how the selection of a specific theory of choice can make a difference for concrete legal questions, in particular in the regulation of the digital economy or in choosing between market, firm, or network. In its first part, the volume provides an accessible overview of the current debates about rational versus behavioral approaches to theories of choice. The remainder of the book structures the vast landscape of theories of choice along with three main types: individual, collective, and organizational decision making. As theories of choice proliferate and become ever more sophisticated, however, the process of choosing an adequate theory of choice becomes increasingly intricate. This volume addresses this selection problem for the various legal arenas in which individual, organizational, and collective decisions matter. By drawing on economic, technological, political, and legal points of view, the volume shows which theories of choice are at the disposal of the legally relevant decision-maker, and how they can be operationalized for the solution of concrete legal problems. The editors acknowledge the kind support of the Fritz Thyssen Foundation for an exploratory conference on the subject of the book.
Author : David Kreps
Publisher : Routledge
Page : 228 pages
File Size : 53,8 Mb
Release : 2018-05-04
Category : Social Science
ISBN : 9780429967160
In this book, Professor Kreps presents a first course on the basic models of choice theory that underlie much of economic theory. This course, taught for several years at the Graduate School of Business, Stanford University, gives the student an introduction to the axiomatic method of economic analysis, without placing too heavy a demand on mathematical sophistication.The course begins with the basics of choice and revealed preference theory and then discusses numerical representations of ordinal preference. Models with uncertainty come next: First is von Neumann?Morgenstern utility, and then choice under uncertainty with subjective uncertainty, using the formulation of Anscombe and Aumann, and then sketching the development of Savage's classic theory. Finally, the course delves into a number of special topics, including de Finetti's theorem, modeling choice on a part of a larger problem, dynamic choice, and the empirical evidence against the classic models.
Author : Adam Smith
Publisher : Unknown
Page : 522 pages
File Size : 45,6 Mb
Release : 1822
Category : Economics
ISBN : UCAL:$B87540
Author : Kotaro Suzumura
Publisher : Harvard University Press
Page : 816 pages
File Size : 54,9 Mb
Release : 2016-06-06
Category : Business & Economics
ISBN : 9780674727441
Social choice theory critically assesses and rationally designs economic mechanisms for improving human well-being. Kotaro Suzumura—one of the world’s foremost thinkers in social choice theory and welfare economics—fuses abstract ideas with real-world economies to examine foundational issues of normative economics and collective decision making.
Author : Mary Zey
Publisher : SAGE
Page : 152 pages
File Size : 51,8 Mb
Release : 1998
Category : Business & Economics
ISBN : 9780803951365
Rational Choice Theory and Organizational Theory is written in response to the neo-classical economic rational choice theories and organizational economic theories which have emerged in the past decade and gained center stage in current organizational analysis.
Author : Wulf Gaertner
Publisher : Oxford University Press, USA
Page : 222 pages
File Size : 46,5 Mb
Release : 2006
Category : Business & Economics
ISBN : 0199297517
This introductory text explores the theory of social choice. Written as a primer suitable for advanced undergraduates and graduates, this text will act as an important starting point for students grappling with the complexities of social choice theory. Rigorous yet accessible, this primer avoids the use of technical language and provides an up-to-date discussion of this rapidly developing field. This is the first in a series of texts published in association with the LSE.
Author : Karen Schweers Cook,Margaret Levi
Publisher : University of Chicago Press
Page : 436 pages
File Size : 49,5 Mb
Release : 2008-10-03
Category : Political Science
ISBN : 9780226742410
Prevailing economic theory presumes that agents act rationally when they make decisions, striving to maximize the efficient use of their resources. Psychology has repeatedly challenged the rational choice paradigm with persuasive evidence that people do not always make the optimal choice. Yet the paradigm has proven so successful a predictor that its use continues to flourish, fueled by debate across the social sciences over why it works so well. Intended to introduce novices to rational choice theory, this accessible, interdisciplinary book collects writings by leading researchers. The Limits of Rationality illuminates the rational choice paradigm of social and political behavior itself, identifies its limitations, clarifies the nature of current controversies, and offers suggestions for improving current models. In the first section of the book, contributors consider the theoretical foundations of rational choice. Models of rational choice play an important role in providing a standard of human action and the bases for constitutional design, but do they also succeed as explanatory models of behavior? Do empirical failures of these explanatory models constitute a telling condemnation of rational choice theory or do they open new avenues of investigation and theorizing? Emphasizing analyses of norms and institutions, the second and third sections of the book investigate areas in which rational choice theory might be extended in order to provide better models. The contributors evaluate the adequacy of analyses based on neoclassical economics, the potential contributions of game theory and cognitive science, and the consequences for the basic framework when unequal bargaining power and hierarchy are introduced.
Author : A.M. Feldman
Publisher : Springer Science & Business Media
Page : 238 pages
File Size : 51,6 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9781461581413
This book covers the main topics of welfare economics - general equilib rium models of exchange and production, Pareto optimality, externalities and public goods - and some of the major topic of social choice the ory - compensation criteria, fairness, voting, Arrow's Theorem, and stra tegic behavior. The underlying question is this: "Is a particular economic or voting mechanism good or bad for society?" Welfare economics is mainly about whether the market mechanism is good or bad; social choice is largely about whether voting mechanisms can improve upon the results of the market. The book grew out of my undergraduate welfare economics course at Brown University, and it is intended for the undergraduate student who has some prior familiarity with microeconomics. However the book is also use ful for graduate students and professionals, economists and non-econo mists, who want an overview of welfare and social choice results unbur dened by detail and mathematical complexity.
Author : Peter Abell
Publisher : Edward Elgar Publishing
Page : 440 pages
File Size : 45,6 Mb
Release : 1991
Category : Mathematics
ISBN : STANFORD:36105006004373
'Rational Choice Theory is a flourishing branch of economic sociology.' Modern sociological theory has to a considerable degree been fashioned in reaction to assumptions about human rationality. This important volume argues in favour of re-establishing rather relaxed assumptions of rationality as a basis for building theory. Although such theories often fail, they prove to be more successful in building predictive and deductive models of human affairs than any competing theoretical framework. The volume includes important and seminal articles drawn from economics, game theory, utility theory and finds application in the Marxist theory of class, group theory, organization theory and the theory of power relations. This landmark book will be an essential reference companion for any serious student or researcher in modern sociological theory.
Author : Lars Udehn
Publisher : Routledge
Page : 468 pages
File Size : 42,8 Mb
Release : 2002-09-11
Category : Business & Economics
ISBN : 9781134802029
Public choice has been one of the most important developments in the social sciences in the last twenty years. However there are many people who are frustrated by the uncritical importing of ideas from economics into political science. Public Choice uses both empirical evidence and theoretical analysis to argue that the economic theory of politics is limited in scope and fertility. In order to arrive at a more comprehensive understanding of political life, political scientists must learn from both economists and sociologists.
Author : Stefan Grundmann,Philipp Hacker
Publisher : Oxford University Press, USA
Page : 353 pages
File Size : 49,5 Mb
Release : 2021
Category : Business & Economics
ISBN : 9780198863175
This book provides an in-depth discussion of the promises and perils of specific types of theories of choice. It shows how the selection of a specific theory of choice can make a difference for concrete legal questions, in particular in the regulation of the digital economy or in choosing between market, firm, or network.