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At its core, economics is about making decisions. In the history of economic thought, great intellectual prowess has been exerted toward devising exquisite theories of optimal decision making in situations of constraint, risk, and scarcity. Yet not all of our choices are purely logical, and so there is a longstanding tension between those emphasizing the rational and irrational sides of human behavior. One strand develops formal models of rational utility maximizing while the other draws on what behavioral science has shown about our tendency to act irrationally.
In Risk, Choice, and Uncertainty, George G. Szpiro offers a new narrative of the three-century history of the study of decision making, tracing how crucial ideas have evolved and telling the stories of the thinkers who shaped the field. Szpiro examines economics from the early days of theories spun from anecdotalAt its core, economics is about making decisions. In the history of economic thought, great intellectual prowess has been exerted toward devising exquisite theories of optimal decision making in situations of constraint, risk, and scarcity. Yet not all of our choices are purely logical, and so
An introduction to decision making under uncertainty from a computational perspective, covering both theory and applications ranging from speech recognition to airborne collision avoidance.Many important problems involve decision making under uncertainty--that is, choosing actions based on often
Presents research exploring the theoretical and practical aspects of effective decision making based not only on mathematical techniques, but also on those technological tools that are available nowadays in the Fourth Industrial
Business industries depend on advanced models and tools that provide an optimal and objective decision-making process, ultimately guaranteeing improved competitiveness, reducing risk, and eliminating uncertainty. Thanks in part to the digital era of the modern world, reducing these conditions has
Decision-making in the face of uncertainty is a significant challenge in machine learning, and the multi-armed bandit model is a commonly used framework to address it. This comprehensive and rigorous introduction to the multi-armed bandit problem examines all the major settings, including
Economic forecasting is a key ingredient of decision making both in the public and in the private sector. Because economic outcomes are the result of a vast, complex, dynamic and stochastic system, forecasting is very difficult and forecast errors are unavoidable. Because forecast precision and
For everyone scared of making the wrong choice or taking great risk, Choose Possibility gives you the freedom to embrace and make
Clinical decision-making is a fundamental part of professional nursing care and it is essential that students develop sound judgement and decision-making skills in order to deal confidently with the challenges they will encounter as registered nurses. This book enables pre-registration nursing
Explores the interplay between financial markets and macroeconomic outcomes with a conceptual framework Emphasizes the interrelationships between four markets: goods, credit (both bank and bond market channels), equity capital, and foreign exchange Provides insight on how to anticipate market
An innovative history of deep social and economic changes in France, told through the story of a single extended family across five generationsMarie Aymard was an illiterate widow who lived in the provincial town of Angoul me in southwestern France, a place where seemingly nothing ever happened
For nearly forty years now, governments in rich democracies have been shifting labor market risks from the state and employers to employees, cutting the generosity of social programs even as they tightened restrictions on eligibility. This book analyzes those changes in eighteen countries and shows
Preface.- 1 Introduction.- 2 Analysing Council Decision-Making.- 3 Power, Position and Salience.- 4 Dimensionality and Nature of Conflict.- 5 Coalitions in the Council.- 6 Winners and Losers of Decision-Making.- 7 The Council: Conflict and Coalitions.-
Chapter 1 Introduction - Cost-and-Benefit Analysis: Decision-Making in Migration 1.1 Globalization, Public Policy and Assimilation of Return Migration 1.2 Public Policy Implications of International Migration for Global Governance 1.3 Migrant Transnationalism and Family-based Migration 1.4
The essential guide for ethical decision-making in the 21st century, The Power of Ethics depicts 'ethical decision-making not in a nebulous philosophical space, but at the point where the rubber meets the road' (Michael Schur, producer and creator of The Good Place). It's not your imagination:
Seize the advantage in every risk decision with the most misunderstood asset you have--human emotion 'If you are trying to solve the unsolvable, stop. Read this first and you will learn that the surest path to success will be to start with yourself; solve that conundrum and challenges like
Risk, Language, and Power explores discourse around the environmental risks of nanotechnology, making the case that the dominance in risk discourse of regulatory science is a limiting policy debate on environmental risks, and that specific initiatives should be undertaken to broaden debate not just
A key feature of being a successful entrepreneur is to have strong decision-making skills and decisions are best made when not swamped with emotion - either positive or negative. Investigating the emotional side of venture performance, Entrepreneurship and Emotions: Insights on Venture Performance
Celebrating three centuries of exceptional and refined cognac at Remy Martin. In 1724, the young French winemaker Rémy Martin first began to sell cognac under his own name. Three hundred years later, Rémy Martin has become the foremost brand of cognac, and its prestigious products are famous the
Welcome to the world of corporate decision-making, workplace gambles, and a myriad of human interactions. This is a story that affirms the traditional values of hard work, fidelity, and building the human alliances necessary for achieving enduring success. John Andrew, a retired Boeing executive,
This cohesive treatment of cognitive radio and networking technology integrates information and decision theory to provide insight into relationships throughout all layers of networks and across all wireless applications. It encompasses conventional considerations of spectrum and waveform selection
Japan: Courts and Culture tells the story of three centuries of British royal contact with Japan, from 1603 to c.1937, when the exchange of exquisite works of art was central to both diplomatic relations and cultural communication. With discussions of courtly rituals, trade relationships, treaties,
A mysterious narrator witnesses three change-making moments of rebellion and revolution - and one of them is
This rich compendium on the lives and doctrines of philosophers ranges over three centuries, from Thales to Epicurus (to whom the whole tenth book is devoted); 45 important figures are portrayed. Diogenes Laertius carefully compiled his information from hundreds of sources and enriches his accounts
This open access textbook provides a concise introduction to economic approaches and mathematical methods for the study of water allocation and distribution problems. Written in an accessible and straightforward style, it discusses and analyzes central issues in integrated water resource