Description
Decision Space
Multidimensional Utility Analysis
Cambridge Studies in Probability, Induction and Decision Theory Series
Author: Weirich Paul
This book, first published in 2001, combines traditional and novel methods of option evaluation into one systematic and versatile method.
Language: EnglishSubject for Decision Space:
Approximative price 109.15 €
Subject to availability at the publisher.
Add to cart the book of Weirich Paul
Decision space multidimensional utility analysis
Publication date: 08-2001
288 p. · 15.9x23.8 cm · Hardback
Publication date: 08-2001
288 p. · 15.9x23.8 cm · Hardback
Approximative price 58.78 €
Subject to availability at the publisher.
Add to cart the book of Weirich Paul
Decision space: multidimensional utility analysis
Publication date: 07-2007
288 p. · 15.2x22.8 cm
Publication date: 07-2007
288 p. · 15.2x22.8 cm
Description
/li>Contents
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In Decision Space: Multidimensional Utility Analysis, first published in 2001, Paul Weirich increases the power and versatility of utility analysis and in the process advances decision theory. Combining traditional and novel methods of option evaluation into one systematic method of analysis, multidimensional utility analysis is a valuable tool. It provides formulations of important decision principles, such as the principle to maximize expected utility; enriches decision theory in solving recalcitrant decision problems; and provides in particular for the cases in which an expert must make a decision for a group of people. The multiple dimensions of this analysis create a decision space broad enough to accommodate all factors affecting an option's utility. The book will be of interest to advanced students and professionals working in the subject of decision theory, as well as to economists and other social scientists.
List of figures; Preface; 1. Objectives and methods; 2. Intrinsic utility analysis; 3. Expected utility analysis; 4. Expected utility's promotion; 5. Two-dimensional utility analysis; 6. Group utility analysis; 7. Application to trustee decisions; 8. Power and versatility; Appendix: consistency of calculations of utilities; References; Index.
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