Choice Theory: A Simple Introduction - K.H. Erickson

Choice Theory: A Simple Introduction

By K.H. Erickson

  • Release Date - Published: 2013-10-03
  • Book Genre: Management & Leadership
  • Author: K.H. Erickson
Our rating: 5/5 stars

Score: (From 0 Ratings)

Choice Theory: A Simple Introduction K.H. Erickson read online review & book description:

Choice Theory: A Simple Introduction offers an accessible guide to the central theories and methods of choice theory, with examples and calculations, empirical evidence, and over 20 diagrams to support the analysis.

Examine expected value theory, with the two envelopes problem and St. Petersburg paradox which challenge it. Understand expected utility theory and learn how to create a utility function, and assess the Ellsberg paradox, Allais paradox, and preference reversal phenomenon.

Look at risk neutral, risk seeking and risk averse attitudes, explore original, cumulative and third generation prospect theory, and the role of risk sensitivity and loss aversion.

Evaluate zero-sum games, minimax and maximin strategies, and see how a mixed minimax strategy can overcome game outcome cycles.

Understand auction theory, with the revenue equivalence theorem for English, Dutch, and sealed bid private value auctions, and how bidders may avoid the winner’s curse in common value auctions.

Examine voting theory, with voter preferences, the median voter theorem, Condorcet winner, and Condorcet voting cycles. See how voters or government can manipulate the voting system.

@2019 – Go Read a Book. All Right Reserved. goreadabook.org is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for website owners, to earn advertising fees by linking and advertising to amazon.com and any other website that may be affiliated with Amazon Service LLC Associates Program; As an Amazon Associate I earn from qualifying purchases.

Choice Theory: A Simple Introduction book review Choice Theory: A Simple Introduction ePUB; K.H. Erickson; Management & Leadership books.

Post a review about this book