Models of Imperfect Information in Politics

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Author :
Publisher : Taylor & Francis
ISBN 13 : 1136459766
Total Pages : 80 pages
Book Rating : 4.1/5 (364 download)

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Book Synopsis Models of Imperfect Information in Politics by : R. Calvert

Download or read book Models of Imperfect Information in Politics written by R. Calvert and published by Taylor & Francis. This book was released on 2013-06-17 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt: Surveys the models of political phenomena that incorporate imperfect information, concentrating on 'full-rationality' approaches as opposed to bounded rationality models.

Models of Imperfect Information in Politics

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Author :
Publisher : Taylor & Francis
ISBN 13 : 9780415269421
Total Pages : 62 pages
Book Rating : 4.2/5 (694 download)

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Book Synopsis Models of Imperfect Information in Politics by : Randall L. Calvert

Download or read book Models of Imperfect Information in Politics written by Randall L. Calvert and published by Taylor & Francis. This book was released on 2001 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt: Surveys the models of political phenomena that incorporate imperfect information, concentrating on 'full-rationality' approaches as opposed to bounded rationality models.

Positive Political Economy

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Publisher :
ISBN 13 : 9780415269070
Total Pages : pages
Book Rating : 4.2/5 (69 download)

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Book Synopsis Positive Political Economy by : Randall L. Calvert

Download or read book Positive Political Economy written by Randall L. Calvert and published by . This book was released on 2002 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Imperfect Markets and Imperfect Regulation

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Publisher : MIT Press
ISBN 13 : 0262039281
Total Pages : 413 pages
Book Rating : 4.2/5 (62 download)

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Book Synopsis Imperfect Markets and Imperfect Regulation by : Thomas-Olivier Leautier

Download or read book Imperfect Markets and Imperfect Regulation written by Thomas-Olivier Leautier and published by MIT Press. This book was released on 2019-03-19 with total page 413 pages. Available in PDF, EPUB and Kindle. Book excerpt: The first textbook to present a comprehensive and detailed economic analysis of electricity markets, analyzing the tensions between microeconomics and political economy. The power industry is essential in our fight against climate change. This book is the first to examine in detail the microeconomics underlying power markets, stemming from peak-load pricing, by which prices are low when the installed generation capacity exceeds demand but can rise a hundred times higher when demand is equal to installed capacity. The outcome of peak-load pricing is often difficult to accept politically, and the book explores the tensions between microeconomics and political economy. Understanding peak-load pricing and its implications is essential for designing robust policies and making sound investment decisions. Thomas-Olivier LĂ©autier presents the model in its simplest form, and introduces additional features as different issues are presented. The book covers all segments of electricity markets: electricity generation, under perfect and imperfect competition; retail competition and demand response; transmission pricing, transmission congestion management, and transmission constraints; and the current policy issues arising from the entry of renewables into the market and capacity mechanisms. Combining anecdotes and analysis of real situations with rigorous analytical modeling, each chapter analyzes one specific issue, first presenting findings in nontechnical terms accessible to policy practitioners and graduate students in management or public policy and then presenting a more mathematical analytical exposition for students and researchers specializing in the economics of electricity markets and for those who want to understand and apply the underlying models.

Political Game Theory

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Publisher : Cambridge University Press
ISBN 13 : 9781107438637
Total Pages : 0 pages
Book Rating : 4.4/5 (386 download)

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Book Synopsis Political Game Theory by : Nolan McCarty

Download or read book Political Game Theory written by Nolan McCarty and published by Cambridge University Press. This book was released on 2014-10-30 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Political Game Theory is a self-contained introduction to game theory and its applications to political science. The book presents choice theory, social choice theory, static and dynamic games of complete information, static and dynamic games of incomplete information, repeated games, bargaining theory, mechanism design and a mathematical appendix covering, logic, real analysis, calculus and probability theory. The methods employed have many applications in various disciplines including comparative politics, international relations and American politics. Political Game Theory is tailored to students without extensive backgrounds in mathematics, and traditional economics, however there are also many special sections that present technical material that will appeal to more advanced students. A large number of exercises are also provided to practice the skills and techniques discussed.

Positive Political Economy I

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Publisher : Psychology Press
ISBN 13 : 9780415269414
Total Pages : 184 pages
Book Rating : 4.2/5 (694 download)

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Book Synopsis Positive Political Economy I by : Randall L. Calvert

Download or read book Positive Political Economy I written by Randall L. Calvert and published by Psychology Press. This book was released on 2001 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume is a comprehensive collection of critical essays on The Taming of the Shrew, and includes extensive discussions of the play's various printed versions and its theatrical productions. Aspinall has included only those essays that offer the most influential and controversial arguments surrounding the play. The issues discussed include gender, authority, female autonomy and unruliness, courtship and marriage, language and speech, and performance and theatricality.

The National System of Political Economy

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Publisher :
ISBN 13 :
Total Pages : 422 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis The National System of Political Economy by : Friedrich List

Download or read book The National System of Political Economy written by Friedrich List and published by . This book was released on 1904 with total page 422 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Special Interest Politics

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Publisher : MIT Press
ISBN 13 : 9780262571678
Total Pages : 400 pages
Book Rating : 4.5/5 (716 download)

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Book Synopsis Special Interest Politics by : Gene M. Grossman

Download or read book Special Interest Politics written by Gene M. Grossman and published by MIT Press. This book was released on 2001 with total page 400 pages. Available in PDF, EPUB and Kindle. Book excerpt: An exploration of the role that special interest groups play in modern democratic politics.

Models of Political Economy

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Publisher : Routledge
ISBN 13 : 1134338627
Total Pages : 262 pages
Book Rating : 4.1/5 (343 download)

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Book Synopsis Models of Political Economy by : Hannu Nurmi

Download or read book Models of Political Economy written by Hannu Nurmi and published by Routledge. This book was released on 2006-10-13 with total page 262 pages. Available in PDF, EPUB and Kindle. Book excerpt: Models of Political Economy will introduce students to the basic methodology of political economics. It covers all core theories as well as new developments including: decision theory game theory mechanism design games of asymmetric information. Hannu Nurmi's text will prove to be invaluable to all students who wish to understand this increasingly technical field.

Imperfect Knowledge Economics

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Publisher : Princeton University Press
ISBN 13 : 0691261156
Total Pages : 368 pages
Book Rating : 4.6/5 (912 download)

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Book Synopsis Imperfect Knowledge Economics by : Roman Frydman

Download or read book Imperfect Knowledge Economics written by Roman Frydman and published by Princeton University Press. This book was released on 2023-09-26 with total page 368 pages. Available in PDF, EPUB and Kindle. Book excerpt: Posing a major challenge to economic orthodoxy, Imperfect Knowledge Economics asserts that exact models of purposeful human behavior are beyond the reach of economic analysis. Roman Frydman and Michael Goldberg argue that the longstanding empirical failures of conventional economic models stem from their futile efforts to make exact predictions about the consequences of rational, self-interested behavior. Such predictions, based on mechanistic models of human behavior, disregard the importance of individual creativity and unforeseeable sociopolitical change. Scientific though these explanations may appear, they usually fail to predict how markets behave. And, the authors contend, recent behavioral models of the market are no less mechanistic than their conventional counterparts: they aim to generate exact predictions of "irrational" human behavior. Frydman and Goldberg offer a long-overdue response to the shortcomings of conventional economic models. Drawing attention to the inherent limits of economists' knowledge, they introduce a new approach to economic analysis: Imperfect Knowledge Economics (IKE). IKE rejects exact quantitative predictions of individual decisions and market outcomes in favor of mathematical models that generate only qualitative predictions of economic change. Using the foreign exchange market as a testing ground for IKE, this book sheds new light on exchange-rate and risk-premium movements, which have confounded conventional models for decades. Offering a fresh way to think about markets and representing a potential turning point in economics, Imperfect Knowledge Economics will be essential reading for economists, policymakers, and professional investors.

The Economics of Imperfect Information

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Publisher : Cambridge University Press
ISBN 13 : 9780521313810
Total Pages : 302 pages
Book Rating : 4.3/5 (138 download)

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Book Synopsis The Economics of Imperfect Information by : Louis Phlips

Download or read book The Economics of Imperfect Information written by Louis Phlips and published by Cambridge University Press. This book was released on 1988 with total page 302 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a systematic presentation of new microeconomic theories of imperfect information.

Signaling Games in Political Science

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Publisher : Routledge
ISBN 13 : 1136643087
Total Pages : 109 pages
Book Rating : 4.1/5 (366 download)

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Book Synopsis Signaling Games in Political Science by : Jeffery S. Banks

Download or read book Signaling Games in Political Science written by Jeffery S. Banks and published by Routledge. This book was released on 2013-01-11 with total page 109 pages. Available in PDF, EPUB and Kindle. Book excerpt: First Published in 1991. This monograph surveys the current literature on game theoretic models of strategic information transmission in politics. Such work generalises earlier models by allowing relevant information to be asymmetrically held by agents, and subsequently studying the willingness and ability of these agents to transmit information through their actions. The monograph includes models of agenda control in legislatures and elections, veto threats and debate, electoral competition, regulation building, bargaining in the shadow of war and sophisticated voting. Within each topic the principal focus is on how the presence of asymmetric information enriches the strategic environment of the participants as well as how it rationalises certain types of political behavior and political institutions as equilibrium phenomena in an 'incomplete information' world.

Foundations of Info-metrics

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Publisher : Oxford University Press
ISBN 13 : 0199349525
Total Pages : 489 pages
Book Rating : 4.1/5 (993 download)

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Book Synopsis Foundations of Info-metrics by : Amos Golan

Download or read book Foundations of Info-metrics written by Amos Golan and published by Oxford University Press. This book was released on 2018 with total page 489 pages. Available in PDF, EPUB and Kindle. Book excerpt: Info-metrics is the science of modeling, reasoning, and drawing inferences under conditions of noisy and insufficient information. It is at the intersection of information theory, statistical inference, and decision-making under uncertainty. It plays an important role in helping make informed decisions even when there is inadequate or incomplete information because it provides a framework to process available information with minimal reliance on assumptions that cannot be validated. In this pioneering book, Amos Golan, a leader in info-metrics, focuses on unifying information processing, modeling and inference within a single constrained optimization framework. Foundations of Info-Metrics provides an overview of modeling and inference, rather than a problem specific model, and progresses from the simple premise that information is often insufficient to provide a unique answer for decisions we wish to make. Each decision, or solution, is derived from the available input information along with a choice of inferential procedure. The book contains numerous multidisciplinary applications and case studies, which demonstrate the simplicity and generality of the framework in real world settings. Examples include initial diagnosis at an emergency room, optimal dose decisions, election forecasting, network and information aggregation, weather pattern analyses, portfolio allocation, strategy inference for interacting entities, incorporation of prior information, option pricing, and modeling an interacting social system. Graphical representations illustrate how results can be visualized while exercises and problem sets facilitate extensions. This book is this designed to be accessible for researchers, graduate students, and practitioners across the disciplines.

Signalling Games in Political Science

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Author :
Publisher : Taylor & Francis
ISBN 13 : 1136460322
Total Pages : 138 pages
Book Rating : 4.1/5 (364 download)

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Book Synopsis Signalling Games in Political Science by : J. Banks

Download or read book Signalling Games in Political Science written by J. Banks and published by Taylor & Francis. This book was released on 2013-10-15 with total page 138 pages. Available in PDF, EPUB and Kindle. Book excerpt: First Published in 2001. Routledge is an imprint of Taylor & Francis, an informa company.

Decision Theory With Imperfect Information

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Publisher : World Scientific
ISBN 13 : 9814611050
Total Pages : 468 pages
Book Rating : 4.8/5 (146 download)

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Book Synopsis Decision Theory With Imperfect Information by : Aliev Rafig Aziz

Download or read book Decision Theory With Imperfect Information written by Aliev Rafig Aziz and published by World Scientific. This book was released on 2014-08-08 with total page 468 pages. Available in PDF, EPUB and Kindle. Book excerpt: Every day decision making in complex human-centric systems are characterized by imperfect decision-relevant information. The principal problems with the existing decision theories are that they do not have capability to deal with situations in which probabilities and events are imprecise. In this book, we describe a new theory of decision making with imperfect information. The aim is to shift the foundation of decision analysis and economic behavior from the realm bivalent logic to the realm fuzzy logic and Z-restriction, from external modeling of behavioral decisions to the framework of combined states.This book will be helpful for professionals, academics, managers and graduate students in fuzzy logic, decision sciences, artificial intelligence, mathematical economics, and computational economics.

The Oxford Handbook of Political Economy

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Publisher : Oxford University Press, USA
ISBN 13 : 0199548471
Total Pages : 1112 pages
Book Rating : 4.1/5 (995 download)

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Book Synopsis The Oxford Handbook of Political Economy by : Barry R. Weingast

Download or read book The Oxford Handbook of Political Economy written by Barry R. Weingast and published by Oxford University Press, USA. This book was released on 2008-06-19 with total page 1112 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over its lifetime, 'political economy' has had different meanings. This handbook views political economy as a synthesis of the various strands of social science, treating it as the methodology of economics applied to the analysis of political behaviour and institutions.

Foundations of Insurance Economics

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Publisher : Springer Science & Business Media
ISBN 13 : 0792392043
Total Pages : 748 pages
Book Rating : 4.7/5 (923 download)

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Book Synopsis Foundations of Insurance Economics by : Georges Dionne

Download or read book Foundations of Insurance Economics written by Georges Dionne and published by Springer Science & Business Media. This book was released on 1992 with total page 748 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic and financial research on insurance markets has undergone dramatic growth since its infancy in the early 1960s. Our main objective in compiling this volume was to achieve a wider dissemination of key papers in this literature. Their significance is highlighted in the introduction, which surveys major areas in insurance economics. While it was not possible to provide comprehensive coverage of insurance economics in this book, these readings provide an essential foundation to those who desire to conduct research and teach in the field. In particular, we hope that this compilation and our introduction will be useful to graduate students and to researchers in economics, finance, and insurance. Our criteria for selecting articles included significance, representativeness, pedagogical value, and our desire to include theoretical and empirical work. While the focus of the applied papers is on property-liability insurance, they illustrate issues, concepts, and methods that are applicable in many areas of insurance. The S. S. Huebner Foundation for Insurance Education at the University of Pennsylvania's Wharton School made this book possible by financing publication costs. We are grateful for this assistance and to J. David Cummins, Executive Director of the Foundation, for his efforts and helpful advice on the contents. We also wish to thank all of the authors and editors who provided permission to reprint articles and our respective institutions for technical and financial support.