All listings for this product
Best-selling in Non-Fiction Books
Save on Non-Fiction Books
- AU $47.35Trending at AU $49.47
- AU $77.99Trending at AU $116.39
- AU $28.60Trending at AU $31.74
- AU $70.35Trending at AU $77.22
- AU $74.12Trending at AU $76.60
- AU $35.47Trending at AU $39.06
- AU $26.74Trending at AU $37.59
About this product
- DescriptionBoth ecomists and popular writers have once more run away with some fragments of reality they happened to grasp. Joseph A. Schumpeter, Capitalism, Socialism, and Democracy, 1942. 1. Rational Behaviour and Ecomics Never in the history of mankind has there been such unlimited belief intheabilitiesofthehumanmindasintheAgeofReasoninthe?rsthalf of the eighteenth century. The likes of Mozart, Goethe, and Rousseau ensured a new era of optimism and creativity in both the arts and the sciences. In mathematics, the theory of probability was re?ned and its laws were believed to be good descriptions of human reasoning and 1 decision making. The French Revolution was the logical conclusion of theAgeofReasonandEnlightenment. Italsobroughtaboutitspolitical and social downfall, ending in an age of terror; a victim of its own success. In the early nineteenth century, however, most ?elds of science abandoned many ideas from the era of Enlightenment. Nevertheless, in psychology and ecomics the probabilistic approach to describing a human being as a fully rational homo ecomicus remained popular as ever. 1 In Rousseau (1762, p. 97), for example, one ?nds: Calculateurs, c'est maintenant votre a? aire; comptez, mesurez, comparez . 1 2 INVESTMENT, COALITION SPILLOVERS, AND EVOLUTION Most of contemporary ecomics still uses the axiom of rational e- mic agents, where agents are believed to maximise expected utility. Expectations are often assumed to be based on objective probabilities. Expected utility with objective probabilities has been axiomatised by Von Neumann and Morgenstern (1944).
- Author(s)J.H.H. Thijssen
- PublisherSpringer-Verlag New York Inc.
- Date of Publication15/11/1988
- SubjectIndustrial Studies: General
- Series TitleTheory and Decision Library C
- Series Part/Volume Numberv. 35
- Place of PublicationNew York, NY
- Country of PublicationUnited States
- ImprintSpringer-Verlag New York Inc.
- Content Notebiography
- Weight548 g
- Width156 mm
- Height234 mm
- Spine15 mm
- Format DetailsLaminated cover
This item doesn't belong on this page.
Thanks, we'll look into this.