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Risky Curves: On the Empirical Failure of Expected Utility
Risky Curves On the Empirical Failure of Expected Utility
Author: Daniel Friedman, R. Mark Isaac, Duncan James, Shyam Sunder
For several decades, the orthodox economics approach to understanding choice under risk has been to assume that each individual person maximizes some sort of personal utility function defined over purchasing power. This new volume contests that even the best wisdom from the orthodox theory has not yet been able to do better than supposedly naïve...  more »
ISBN-13: 9780415636100
ISBN-10: 0415636108
Publication Date: 2/7/2014
Pages: 152
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Publisher: Routledge
Book Type: Hardcover
Other Versions: Paperback
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