Binmore, Ken

Rational Decisions

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ISBN 13:
9780691149899
author:
Binmore, Ken
format:
Paperback
publisher:
Princeton University Press
language:
English
Publication Year:
2015
Pages:
216
Dimensions:
15.24 x 1.27 x 22.86 centimetres
Genre:
Business, Management, Decision-Making,
Condition:
New
Availability:
Item usually sent within 10 working days
£31.34

Description

Rational Decisions by K. G. Binmore and Ken Binmore explores the foundations of Bayesian decision theory and its limitations in large worlds. The authors argue that this approach is suitable only for small, controlled environments, such as scientific discovery or everyday decision-making. The book delves into standard theories of choice and belief under risk and uncertainty, discussing philosophical attitudes towards probability and resolving long-standing paradoxes. Binmore proposes an extension to Bayesian decision theory, allowing for a broader range of strategies in game theory. This concise and accessible guide provides expert insight into Bayesian decision making, making it an essential resource for anyone seeking a clear understanding of this complex topic. Written by one of the world's leading game theorists, Rational Decisions offers a comprehensive and authoritative view on Bayesian decision theory.

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