Name: Bayesian Analysis and Uncertainty in Economic Theory (en Inglés)
SKU: 58631879
Price: 54.12 USD
Availability: InStock
Author: Cyert, Richard Michael

portada Bayesian Analysis and Uncertainty in Economic Theory (en Inglés)

Bayesian Analysis and Uncertainty in Economic Theory (en Inglés)

Formato

Libro Físico

Editorial

Springer

Autor

Cyert, Richard Michael

Idioma

Inglés

N° páginas

206

Encuadernación

Tapa Blanda

Dimensiones

23.4x15.6x1.2 cm

Peso

0.32 kg.

ISBN13

9789401079228

Categorías

Enciclopedias y obras de consulta
Teoría y filosofía económicas
Ciencia: cuestiones generales

Bayesian Analysis and Uncertainty in Economic Theory (en Inglés)

Cyert, Richard Michael (Autor) · Springer · Tapa Blanda

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Reseña del libro "Bayesian Analysis and Uncertainty in Economic Theory (en Inglés)"

We began this research with the objective of applying Bayesian methods of analysis to various aspects of economic theory. We were attracted to the Bayesian approach because it seemed the best analytic framework available for dealing with decision making under uncertainty, and the research presented in this book has only served to strengthen our belief in the appropriateness and usefulness of this methodology. More specif- ically, we believe that the concept of organizational learning is funda- mental to decision making under uncertainty in economics and that the Bayesian framework is the most appropriate for developing that concept. The central and unifying theme of this book is decision making under uncertainty in microeconomic theory. Our fundamental aim is to explore the ways in which firms and households make decisions and to develop models that have a strong empirical connection. Thus, we have attempted to contribute to economic theory by formalizing models of the actual pro- cess of decision making under uncertainty. Bayesian methodology pro- vides the appropriate vehicle for this formalization.