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From Ellsberg To Machina
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Book Synopsis Quantum Interaction by : Jerome R. Busemeyer
Download or read book Quantum Interaction written by Jerome R. Busemeyer and published by Springer. This book was released on 2012-11-28 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book constitutes the refereed proceedings of the 6th International Symposium on Quantum Interaction, QI 2012, held in Paris in June 2012. The 21 revised full papers presented were carefully reviewed and selected from 32 submissions. The papers cover various topics on quantum interaction.
Book Synopsis Handbook of the Economics of Risk and Uncertainty by : Mark Machina
Download or read book Handbook of the Economics of Risk and Uncertainty written by Mark Machina and published by Newnes. This book was released on 2013-11-14 with total page 897 pages. Available in PDF, EPUB and Kindle. Book excerpt: The need to understand the theories and applications of economic and finance risk has been clear to everyone since the financial crisis, and this collection of original essays proffers broad, high-level explanations of risk and uncertainty. The economics of risk and uncertainty is unlike most branches of economics in spanning from the individual decision-maker to the market (and indeed, social decisions), and ranging from purely theoretical analysis through individual experimentation, empirical analysis, and applied and policy decisions. It also has close and sometimes conflicting relationships with theoretical and applied statistics, and psychology. The aim of this volume is to provide an overview of diverse aspects of this field, ranging from classical and foundational work through current developments. - Presents coherent summaries of risk and uncertainty that inform major areas in economics and finance - Divides coverage between theoretical, empirical, and experimental findings - Makes the economics of risk and uncertainty accessible to scholars in fields outside economics
Book Synopsis Probability Foundations of Economic Theory by : Charles McCann
Download or read book Probability Foundations of Economic Theory written by Charles McCann and published by Routledge. This book was released on 2003-08-16 with total page 188 pages. Available in PDF, EPUB and Kindle. Book excerpt: First published in 1994. Routledge is an imprint of Taylor & Francis, an informa company.
Book Synopsis Contextuality from Quantum Physics to Psychology by : Ehtibar Dzhafarov
Download or read book Contextuality from Quantum Physics to Psychology written by Ehtibar Dzhafarov and published by World Scientific. This book was released on 2015-11-30 with total page 479 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The book explores the variety of meanings of contextuality across different disciplines, with the emphasis on quantum physics and on psychology."--
Book Synopsis Applications of Quantum Mechanical Techniques to Areas Outside of Quantum Mechanics. 2nd Edition by : Emmanuel Haven
Download or read book Applications of Quantum Mechanical Techniques to Areas Outside of Quantum Mechanics. 2nd Edition written by Emmanuel Haven and published by Frontiers Media SA. This book was released on 2019-11-14 with total page 164 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book deals with applications of quantum mechanical techniques to areas outside of quantum mechanics, so-called quantum-like modeling. Research in this area has grown over the last 15 years. But even already more than 50 years ago, the interaction between Physics Nobelist Pauli and the psychologist Carl Jung in the 1950’s on seeking to find analogous uses of the complementarity principle from quantum mechanics in psychology needs noting. This book does NOT want to advance that society is quantum mechanical! The macroscopic world is manifestly not quantum mechanical. But this rules not out that one can use concepts and the mathematical apparatus from quantum physics in a macroscopic environment. A mainstay ingredient of quantum mechanics, is ‘quantum probability’ and this tool has been proven to be useful in the mathematical modelling of decision making. In the most basic experiment of quantum physics, the double slit experiment, it is known (from the works of A. Khrennikov) that the law of total probability is violated. It is now well documented that several decision making paradoxes in psychology and economics (such as the Ellsberg paradox) do exhibit this violation of the law of total probability. When data is collected with experiments which test ‘non-rational’ decision making behaviour, one can observe that such data often exhibits a complex non-commutative structure, which may be even more complex than if one considers the structure allied to the basic two slit experiment. The community exploring quantum-like models has tried to address how quantum probability can help in better explaining those paradoxes. Research has now been published in very high standing journals on resolving some of the paradoxes with the mathematics of quantum physics. The aim of this book is to collect the contributions of world’s leading experts in quantum like modeling in decision making, psychology, cognition, economics, and finance.
Book Synopsis Quantum Structures in Cognitive and Social Science by : Diederik Aerts
Download or read book Quantum Structures in Cognitive and Social Science written by Diederik Aerts and published by Frontiers Media SA. This book was released on 2016-06-26 with total page 170 pages. Available in PDF, EPUB and Kindle. Book excerpt: Traditional approaches to cognitive psychology correspond with a classical view of logic and probability theory. More specifically, one typically assumes that cognitive processes of human thought are founded on the Boolean structures of classical logic, while the probabilistic aspects of these processes are based on the Kolmogorovian structures of classical probability theory. However, growing experimental evidence indicates that the models founded on classical structures systematically fail when human decisions are at stake. These experimental deviations from classical behavior have been called `paradoxes’, `fallacies’, `effects’ or `contradictions’, depending on the specific situation where they appear. But, they involve a broad spectrum of cognitive and social science domains, ranging from conceptual combination to decision making under uncertainty, behavioral economics, and linguistics. This situation has constituted a serious drawback to the development of various disciplines, like cognitive science, linguistics, artificial intelligence, economic modeling and behavioral finance. A different approach to cognitive psychology, initiated two decades ago, has meanwhile matured into a new domain of research, called ‘quantum cognition’. Its main feature is the use of the mathematical formalism of quantum theory as modeling tool for these cognitive situations where traditional classically based approaches fail. Quantum cognition has recently attracted the interest of important journals and editing houses, academic and funding institutions, popular science and media. Specifically, within a quantum cognition approach, one assumes that human decisions do not necessarily obey the rules of Boolean logic and Kolmogorovian probability, and can on the contrary be modeled by the quantum-mechanical formalism. Different concrete quantum-theoretic models have meanwhile been developed that successfully represent the cognitive situations that are classically problematical, by explaining observed deviations from classicality in terms of genuine quantum effects, such as `contextuality’, `emergence’, `interference’, `superposition’, `entanglement’ and `indistinguishability’. In addition, the validity of these quantum models is convincingly confirmed by new experimental tests. We also stress that, since the use of a quantum-theoretic framework is mainly for modeling purposes, the identification of quantum structures in cognitive processes does not presuppose (without being incompatible with it) the existence of microscopic quantum processes in the human brain. In this Research Topic, we review the major achievements that have been obtained in quantum cognition, by providing an accurate picture of the state-of-the-art of this emerging discipline. Our overview does not pretend to be either complete or exhaustive. But, we aim to introduce psychologists and social scientists to this challenging new research area, encouraging them, at the same time, to consider its promising results. It is our opinion that, if continuous progress in this domain can be realized, quantum cognition can constitute an important breakthrough in cognitive psychology, and potentially open the way towards a new scientific paradigm in social science.
Book Synopsis Principles of Uncertainty by : Joseph B. Kadane
Download or read book Principles of Uncertainty written by Joseph B. Kadane and published by CRC Press. This book was released on 2020-11-25 with total page 497 pages. Available in PDF, EPUB and Kindle. Book excerpt: Praise for the first edition: Principles of Uncertainty is a profound and mesmerising book on the foundations and principles of subjectivist or behaviouristic Bayesian analysis. ... the book is a pleasure to read. And highly recommended for teaching as it can be used at many different levels. ... A must-read for sure! —Christian Robert, CHANCE It's a lovely book, one that I hope will be widely adopted as a course textbook. —Michael Jordan, University of California, Berkeley, USA Like the prize-winning first edition, Principles of Uncertainty, Second Edition is an accessible, comprehensive text on the theory of Bayesian Statistics written in an appealing, inviting style, and packed with interesting examples. It presents an introduction to the subjective Bayesian approach which has played a pivotal role in game theory, economics, and the recent boom in Markov Chain Monte Carlo methods. This new edition has been updated throughout and features new material on Nonparametric Bayesian Methods, the Dirichlet distribution, a simple proof of the central limit theorem, and new problems. Key Features: First edition won the 2011 DeGroot Prize Well-written introduction to theory of Bayesian statistics Each of the introductory chapters begins by introducing one new concept or assumption Uses "just-in-time mathematics"—the introduction to mathematical ideas just before they are applied
Book Synopsis A Guide to Modern Economics by : Michael Bleaney
Download or read book A Guide to Modern Economics written by Michael Bleaney and published by Routledge. This book was released on 1996-07-04 with total page 563 pages. Available in PDF, EPUB and Kindle. Book excerpt: This work provides a valuable review of the most important developments in economic theory and application over the last decade. Comprising twenty-seven specially commissioned overviews, the volume presents a comprehensive and student-friendly guide to contemporary economics. Previously published by Routledge as part of the Companion to Contemporary Economic Thought, these essays are made available here for the first time in a concise paperback edition. A Guide to Modern Economics will be a valuable guide to all those who wish to familiarize themselves with the most recent developments in the discipline.
Book Synopsis Algorithmic Decision Theory by : Francesca Rossi
Download or read book Algorithmic Decision Theory written by Francesca Rossi and published by Springer. This book was released on 2009-10-13 with total page 460 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume contains the papers presented at ADT 2009, the first International Conference on Algorithmic Decision Theory. The conference was held in San Servolo, a small island of the Venice lagoon, during October 20-23, 2009. The program of the conference included oral presentations, posters, invited talks, and tutorials. The conference received 65 submissions of which 39 papers were accepted (9 papers were posters). The topics of these papers range from computational social choice preference modeling, from uncertainty to preference learning, from multi-criteria decision making to game theory.
Book Synopsis Handbook of Utility Theory by : Salvador Barbera
Download or read book Handbook of Utility Theory written by Salvador Barbera and published by Springer Science & Business Media. This book was released on 2004-03-31 with total page 636 pages. Available in PDF, EPUB and Kindle. Book excerpt: The standard rationality hypothesis is that behaviour can be represented as the maximization of a suitably restricted utility function. This hypothesis lies at the heart of a large body of recent work in economics, of course, but also in political science, ethics, and other major branches of the social sciences. Though this hypothesis of utility maximization deserves our continued respect, finding further refinements and developing new critiques remain areas of active research. In fact, many fundamental conceptual problems remain unsettled. Where others have been resolved, their resolutions may be too recent to have achieved widespread understanding among social scientists. Last but not least, a growing number of papers attempt to challenge the rationality hypothesis head on, at least in its more orthodox formulation. The main purpose of this Handbook is to make more widely available some recent developments in the area. Yet we are well aware that the final chapter of a handbook like this can never be written as long as the area of research remains active, as is certainly the case with utility theory. The editors originally selected a list of topics that seemed ripe enough at the time that the book was planned. Then they invited contributions from researchers whose work had come to their attention. So the list of topics and contributors is largely the editors' responsibility, although some potential con tributors did decline our invitation. Each chapter has also been refereed, and often significantly revised in the light of the referees' remarks.
Book Synopsis A Course in Microeconomic Theory by : David M. Kreps
Download or read book A Course in Microeconomic Theory written by David M. Kreps and published by Princeton University Press. This book was released on 2020-06-23 with total page 869 pages. Available in PDF, EPUB and Kindle. Book excerpt: David M. Kreps has developed a text in microeconomics that is both challenging and "user-friendly." The work is designed for the first-year graduate microeconomic theory course and is accessible to advanced undergraduates as well. Placing unusual emphasis on modern noncooperative game theory, it provides the student and instructor with a unified treatment of modern microeconomic theory--one that stresses the behavior of the individual actor (consumer or firm) in various institutional settings. The author has taken special pains to explore the fundamental assumptions of the theories and techniques studied, pointing out both strengths and weaknesses. The book begins with an exposition of the standard models of choice and the market, with extra attention paid to choice under uncertainty and dynamic choice. General and partial equilibrium approaches are blended, so that the student sees these approaches as points along a continuum. The work then turns to more modern developments. Readers are introduced to noncooperative game theory and shown how to model games and determine solution concepts. Models with incomplete information, the folk theorem and reputation, and bilateral bargaining are covered in depth. Information economics is explored next. A closing discussion concerns firms as organizations and gives readers a taste of transaction-cost economics.
Book Synopsis Contemporary Philosophy and Social Science by : Michiru Nagatsu
Download or read book Contemporary Philosophy and Social Science written by Michiru Nagatsu and published by Bloomsbury Publishing. This book was released on 2019-05-30 with total page 403 pages. Available in PDF, EPUB and Kindle. Book excerpt: How should we theorize about the social world? How can we integrate theories, models and approaches from seemingly incompatible disciplines? Does theory affect social reality? This state-of-the-art collection addresses contemporary methodological questions and interdisciplinary developments in the philosophy of social science. Facilitating a mutually enriching dialogue, chapters by leading social scientists are followed by critical evaluations from philosophers of social science. This exchange showcases recent major theoretical and methodological breakthroughs and challenges in the social sciences, as well as fruitful ways in which the analytic tools developed in philosophy of science can be applied to understand these advancements. The volume covers a diverse range of principles, methods, innovations and applications, including scientific and methodological pluralism, performativity of theories, causal inferences and applications of social science to policy and business. Taking a practice-orientated and interactive approach, it offers a new philosophy of social science grounded in and relevant to the emerging social science practice.
Book Synopsis Risk, Ambiguity and Decision by : Daniel Ellsberg
Download or read book Risk, Ambiguity and Decision written by Daniel Ellsberg and published by Routledge. This book was released on 2015-07-03 with total page 340 pages. Available in PDF, EPUB and Kindle. Book excerpt: Ellsberg elaborates on "Risk, Ambiguity, and the Savage Axioms" and mounts a powerful challenge to the dominant theory of rational decision in this book.
Book Synopsis Handbook of Probability by : Tamás Rudas
Download or read book Handbook of Probability written by Tamás Rudas and published by SAGE. This book was released on 2008-02-21 with total page 489 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This is a valuable reference guide for readers interested in gaining a basic understanding of probability theory or its applications in problem solving in the other disciplines." —CHOICE Providing cutting-edge perspectives and real-world insights into the greater utility of probability and its applications, the Handbook of Probability offers an equal balance of theory and direct applications in a non-technical, yet comprehensive, format. Editor Tamás Rudas and the internationally-known contributors present the material in a manner so that researchers of various backgrounds can use the reference either as a primer for understanding basic probability theory or as a more advanced research tool for specific projects requiring a deeper understanding. The wide-ranging applications of probability presented make it useful for scholars who need to make interdisciplinary connections in their work. Key Features Contains contributions from the international who's-who of probability across several disciplines Offers an equal balance of theory and applications Explains the most important concepts of probability theory in a non-technical yet comprehensive way Provides in-depth examples of recent applications in the social and behavioral sciences as well as education, business, and law Intended Audience This Handbook makes an ideal library purchase. In addition, this volume should also be of interest to individual scholars in the social and behavioral sciences.
Book Synopsis Research in the History of Economic Thought and Methodology by : Luca Fiorito
Download or read book Research in the History of Economic Thought and Methodology written by Luca Fiorito and published by Emerald Group Publishing. This book was released on 2020-10-30 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: Volume 38C features a symposium on the economic thought of Sir James Steuart. In addition, the volume contains new general-research essays on Milton Friedman’s 1975 visit to Chile, Keynes and Pigou on employment and equilibrium, and a brief correspondence between Karl Popper and Leonard Savage.
Book Synopsis Advanced Microeconomic Theory by : Felix Munoz-Garcia
Download or read book Advanced Microeconomic Theory written by Felix Munoz-Garcia and published by MIT Press. This book was released on 2017-08-11 with total page 892 pages. Available in PDF, EPUB and Kindle. Book excerpt: An introduction to advanced topics in microeconomics that emphasizes the intuition behind assumptions and results, providing examples that show how to apply theory to practice. This textbook offers an introduction to advanced microeconomic theory that emphasizes the intuition behind mathematical assumptions, providing step-by-step examples that show how to apply theoretical models. It covers standard topics such as preference relations, demand theory and applications, producer theory, choice under uncertainty, partial and general equilibrium, monopoly, game theory and imperfect competition, externalities and public goods, and contract theory; but its intuitive and application-oriented approach provides students with a bridge to more technical topics. The book can be used by advanced undergraduates as well as Masters students in economics, finance, and public policy, and by PhD students in programs with an applied focus. The text connects each topic with recent findings in behavioral and experimental economics, and discusses these results in context, within the appropriate chapter. Step-by-step examples appear immediately after the main theoretical findings, and end-of chapter exercises help students understand how to approach similar exercises on their own. An appendix reviews basic mathematical concepts. A separate workbook, Practice Exercises for Advanced Microeconomic Theory, offers solutions to selected problems with detailed explanations. The textbook and workbook together help students improve both their theoretical and practical preparation in advanced microeconomics.
Book Synopsis Journal of Economic Theory by : Karl Shell
Download or read book Journal of Economic Theory written by Karl Shell and published by . This book was released on 1996 with total page 620 pages. Available in PDF, EPUB and Kindle. Book excerpt:
