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Decision Theory and Choices

A Complexity Approach

Decision Theory and Choices( )
Editor: Faggini, Marisa
Vinci, Concetto Paolo
Series title:New Economic Windows Ser.
Publication Date:Aug 2016
Book Format:Paperback
List Price:AUD $388.95
Book Description:

In economics agents are assumed to choose on the basis of rational calculations aimed at the maximization of their pleasure or profit. Formally, agents are said to manifest transitive and consistent preferences in attempting to maximize their utility in the presence of several constraints. They operate according to the choice imperative: given a set of alternatives, choose the best. This imperative works well in a static and simplistic framework, but it may fail or vary when 'the best'...
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