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Decision theory

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276: 662: 741:— believing that an isolated random event is affected by previous isolated random events. For example, if flips of a fair coin give repeated tails, the coin still has the same probability (i.e., 0.5) of tails in future turns, though intuitively it might seems that heads becomes more likely. In the long run, heads and tails should occur equally often; people commit the gambler's fallacy when they use this heuristic to predict that a result of heads is "due" after a run of tails. Another example is that decision-makers may be biased towards preferring moderate alternatives to extreme ones. The 235: 713: 3164: 3154: 36: 637:
If someone received a windfall of several thousand dollars, they could spend it on an expensive holiday, giving them immediate pleasure, or they could invest it in a pension scheme, giving them an income at some time in the future. What is the optimal thing to do? The answer depends partly on factors such as the expected
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operates under a mindset that the most moderate option carries the most benefit. In an incomplete information scenario, as in most daily decisions, the moderate option will look more appealing than either extreme, independent of the context, based only on the fact that it has characteristics that can
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Intertemporal choice is concerned with the kind of choice where different actions lead to outcomes that are realized at different stages over time. It is also described as cost-benefit decision making since it involves the choices between rewards that vary according to magnitude and time of arrival.
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Prescriptive decision theory is concerned with predictions about behavior that positive decision theory produces to allow for further tests of the kind of decision-making that occurs in practice. In recent decades, there has also been increasing interest in "behavioral decision theory", contributing
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are procedures for making a decision without working out the consequences of every option. Heuristics decrease the amount of evaluative thinking required for decisions, focusing on some aspects of the decision while ignoring others. While quicker than step-by-step processing, heuristic thinking is
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is that, when faced with a number of actions, each of which could give rise to more than one possible outcome with different probabilities, the rational procedure is to identify all possible outcomes, determine their values (positive or negative) and the probabilities that will result from each
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Some decisions are difficult because of the need to take into account how other people in the situation will respond to the decision that is taken. The analysis of such social decisions is often treated under decision theory, though it involves mathematical methods. In the emerging field of
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Other areas of decision theory are concerned with decisions that are difficult simply because of their complexity, or the complexity of the organization that has to make them. Individuals making decisions are limited in resources (i.e. time and intelligence) and are therefore
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with less emphasis on rationality presuppositions. It describes a way by which people make decisions when all of the outcomes carry a risk. Kahneman and Tversky found three regularities – in actual human decision-making, "losses loom larger than gains"; people focus more on
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In contrast, descriptive decision theory is concerned with describing observed behaviors often under the assumption that those making decisions are behaving under some consistent rules. These rules may, for instance, have a procedural framework (e.g.
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Normative decision theory is concerned with identification of optimal decisions where optimality is often determined by considering an ideal decision maker who is able to calculate with perfect accuracy and is in some sense fully
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maintain that probability is only one of many alternatives and point to many examples where non-standard alternatives have been implemented with apparent success. Notably, probabilistic decision theory can sometimes be
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course of action, and multiply the two to give an "expected value", or the average expectation for an outcome; the action to be chosen should be the one that gives rise to the highest total expected value. In 1738,
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Ignorance is Bliss: A study on how and why humans depend on recognition heuristics in social relationships, the equity markets and the brand market-place, thereby making successful decisions
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wrong. He gives an example in which a Dutch merchant is trying to decide whether to insure a cargo being sent from Amsterdam to St Petersburg in winter. In his solution, he defines a
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engineering, the research is especially focused on the different types of distributed decision-making in human organizations, in normal and abnormal/emergency/crisis situations.
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Crozier, M. & Friedberg, E. (1995). "Organization and Collective Action. Our Contribution to Organizational Analysis" in Bacharach S.B, Gagliardi P. & Mundell P. (Eds).
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and others, extended the scope of expected utility theory to situations where subjective probabilities can be used. At the time, von Neumann and Morgenstern's theory of
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Keren GB, Wagenaar WA (1985). "On the psychology of playing blackjack: Normative and descriptive considerations with implications for decision theory".
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Miller L, Milner B (1985). "Cognitive risk-taking after frontal or temporal lobectomy--II. The synthesis of phonemic and semantic information".
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Why Can't You Just Give Me the Number? An Executive's Guide to Using Probabilistic Thinking to Manage Risk and to Make Better Decisions
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Expected Utility Hypotheses and the Allais Paradox: Contemporary Discussions of the Decisions Under Uncertainty with Allais' Rejoinder
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A general criticism of decision theory based on a fixed universe of possibilities is that it considers the "known unknowns", not the "
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Roe RM, Busemeyer JR, Townsend JT (2001). "Multialternative decision field theory: A dynamic connectionst model of decision making".
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in their utility-states than they focus on absolute utilities; and the estimation of subjective probabilities is severely biased by
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Miller L (1985). "Cognitive risk-taking after frontal or temporal lobectomy--I. The synthesis of fragmented visual information".
792:(or for the limit of a sequence of prior distributions). Thus, for every decision rule, either the rule may be reformulated as a 1690:
an overview of the philosophical foundations of key mathematical axioms in subjective expected utility theory – mainly normative
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how people really do make decisions. Despite this, the field is extremely important to the study of real human behavior by
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A highly controversial issue is whether one can replace the use of probability in decision theory with something else.
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Hansson, Sven Ove. "Decision theory: A brief introduction". (2005) Section 1.2: A truly interdisciplinary subject.
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showed that human behavior has systematic and sometimes important departures from expected-utility maximization (
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Pfanzagl, J. in cooperation with V. Baumann and H. Huber (1968). "Events, Utility and Subjective Probability".
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as illustrative of the theoretical difficulties that can arise from departures from the probability axioms, and
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Feduzi, A. (2014). "Uncovering unknown unknowns: Towards a Baconian approach to management decision-making".
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MacCrimmon, Kenneth R. (1968). "Descriptive and normative implications of the decision-theory postulates".
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The area of choice under uncertainty represents the heart of decision theory. Known from the 17th century (
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Schoemaker, P. J. (1982). "The Expected Utility Model: Its Variants, Purposes, Evidence and Limitations".
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procedure (or a limit of a sequence of such), or there is a rule that is sometimes better and never worse.
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One example of a common and erroneous thought process that arises through heuristic thinking is the
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to assumptions about the probabilities of various events, whereas non-probabilistic rules, such as
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proved that expected utility maximization followed from basic postulates about rational behavior.
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de Finetti, Bruno. "Foresight: its Logical Laws, Its Subjective Sources", (translation of the
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Akerlof, George A.; Yellen, Janet L. (May 1987). "Rational Models of Irrational Behavior".
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Slovic, Paul; Fischhoff, Baruch; Lichtenstein, Sarah (1977). "Behavioral Decision Theory".
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ball repeatedly lands on red, it is no more likely to land on black the next time.
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are equivalent to the Bayesian decision rule for some utility function and some
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procedures. The phrase "decision theory" itself was used in 1950 by
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North, D.W. (1968). "A tutorial introduction to decision theory".
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hypothesis, or they may explicitly give a functional form for
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required selecting from three incomparable alternatives (the
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to a re-evaluation of what useful decision-making requires.
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and is aimed at finding tools, methodologies, and software (
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1939 paper pointing out that the two central procedures of
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to help predict the decision-making of relevant actors.
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The Foundations of Mathematics and other Logical Essays
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also more likely to involve fallacies or inaccuracies.
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Advocates for the use of probability theory point to:
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Brian (May 1991). 2023:10.1016/0028-3932(85)90023-5 1986:10.1016/0028-3932(85)90022-3 1705:The American Economic Review 1649:The American Economic Review 1581:Judgment and Decision Making 746:be found at either extreme. 473:, which is contained in his 440:quasi-hyperbolic discounting 3375:Computational number theory 3338:Numerical-analysis software 2343:Expected utility hypothesis 2208:; "Truth and Probability" ( 1893:(Originally published 1970) 1534:Xu J, Harvey N (May 2014). 1513:10.1037/0033-295X.108.2.370 1155:10.1037/0096-3445.114.2.133 1080:Annual Review of Psychology 519:statistical-theory, namely 517:sampling-distribution-based 461:Expected utility hypothesis 5635: 5100:Real business-cycle theory 4085:Computational neuroscience 2459:Evidential decision theory 2220:Robert, Christian (2007). 2182:. Wiley. pp. 195–220. 1881:. Wiley Classics Library. 917:Functional decision theory 912:Evidential decision theory 841: 705: 629: 458: 399:make decisions) is called 173:Relationship with sciences 5540: 3973: 3781:Algebra of physical space 3248:Automated theorem proving 3148: 2394:Principle of indifference 2127:Peterson, Martin (2009). 1819:Stanford University Press 1603:10.1017/S193029750000303X 786:admissible decision rules 651:subjective discount rates 562:theory, from the work of 537:admissible decision rules 423:axioms), reconciling the 386:Normative and descriptive 296:theory of rational choice 4258:Charles Geoffrey Vickers 4145:Second-order cybernetics 3574:Numerical linear algebra 2089:10.1109/TSSC.1968.300114 819:info-gap decision theory 668:often conduct extensive 541:antecedent distributions 455:Choice under uncertainty 405:decision support systems 5614:Epistemology of science 4740:Industrial organization 4563:Computational economics 4120:Engineering cybernetics 4050:Artificial intelligence 3313:Finite element analysis 3263:Constraint satisfaction 2729:Paradoxes of set theory 2454:Emotional choice theory 2187:Raiffa, Howard (1997). 2101:Peirce, Charles Sanders 1952:Leach, Patrick (2006). 1266:10.1214/aoms/1177729884 1220:10.1214/aoms/1177732144 977:Signal detection theory 907:Emotional choice theory 887:Constraint satisfaction 492:, in which he uses the 421:stochastic transitivity 310:that uses the tools of 4945:Modern monetary theory 4610:Experimental economics 4580:Pluralism in economics 4553:Mathematical economics 4443:Walter Bradford Cannon 4333:Ludwig von Bertalanffy 4188:Alfred Radcliffe-Brown 4135:Management cybernetics 4060:Biomedical cybernetics 4055:Biological cybernetics 3868:Mathematical economics 3542:Multivariable calculus 3425:Differential equations 3268:Constraint programming 3258:Computational geometry 2449:Causal decision theory 2414:St. Petersburg paradox 2364:Decision-matrix method 2206:Ramsey, Frank Plumpton 1859:New York: Wiley, 1964. 962:Rational choice theory 947:Preference (economics) 877:Causal decision theory 815:Dempster–Shafer theory 725: 673: 560:subjective probability 494:St. Petersburg paradox 326:. It differs from the 288: 50:Rational choice theory 5594:Statistical inference 4403:Anthony Stafford Beer 4238:Ernst von Glasersfeld 3821:Supersymmetry algebra 3806:Representation theory 3801:Renormalization group 3447:Differential geometry 3328:Optimization software 3300:Mathematical software 2429:Bayesian epistemology 2230:10.1007/0-387-71599-1 2180:Theory of Measurement 1864:Theory of Probability 1486:10.1287/mnsc.31.4.395 997:Two envelopes problem 867:Bayesian epistemology 768:Richard Threlkeld Cox 715: 664: 459:Further information: 356:rational agent models 278: 4819:Social choice theory 4575:Behavioral economics 4558:Complexity economics 4433:Valentin Braitenberg 4313:Jay Wright Forrester 3873:Mathematical finance 3858:Social choice theory 3773:Algebraic structures 3722:in quantum mechanics 3658:Analytical mechanics 3624:Stochastic processes 3596:Variational calculus 3408:Approximation theory 3333:Statistical software 3095:Kavka's toxin puzzle 2867:Income and fertility 2444:Social choice theory 2348:Intertemporal choice 2282:. Chapman and Hall. 2278:Smith, J.Q. (1988). 1668:Anand, Paul (1993). 1501:Psychological Review 1116:Anand, Paul (1993). 1054:Risk and Uncertainty 987:Stochastic dominance 632:Intertemporal choice 626:Intertemporal choice 525:parameter estimation 360:mathematically model 138:Discrete mathematics 4903:American (National) 4603:Economic statistics 4458:William Grey Walter 4398:Sergei P. Kurdyumov 4358:N. Katherine Hayles 4140:Medical cybernetics 4100:Conversation theory 3848:Operations research 3717:Perturbation theory 3515:Multilinear algebra 3486:Functional analysis 3343:Numerical libraries 3275:Computational logic 2754:Temperature paradox 2677:Free choice paradox 2541:Fitch's knowability 2379:Strategic dominance 2222:The Bayesian Choice 1919:Hansson, Sven Ove. 1862:de Finetti, Bruno. 1380:Löckenhoff, Corinna 1114:For instance, see: 937:Operations research 872:Bayesian statistics 545:Bayesian procedures 332:behavioral sciences 308:analytic philosophy 72:Part of a series on 4438:William Ross Ashby 4363:Natalia Bekhtereva 4338:Maleyka Abbaszadeh 4278:Heinz von Foerster 4203:Buckminster Fuller 4130:Information theory 4080:Catastrophe theory 3985:Mathematics portal 3882:Other applications 3606:Probability theory 3589:Validated numerics 3569:Numerical analysis 3462:Geometric analysis 3452:Differential forms 3285:Information theory 3130:Prisoner's dilemma 2816:Heat death paradox 2804:Unexpected hanging 2769:Chicken or the egg 2424:Probability theory 2212:), Chapter VII in 1866:, (translation by 1626:Decision Processes 1474:Management Science 1441:10.1037/xlm0000419 982:Small-numbers game 811:possibility theory 805:The proponents of 790:prior distribution 758:Probability theory 726: 692:boundedly rational 674: 521:hypothesis testing 469:invoked it in his 450:Types of decisions 289: 281:judgement of Paris 239:Mathematics Portal 5576: 5575: 5107:New institutional 4466: 4465: 4388:Ranulph Glanville 4303:Jakob von UexkĂĽll 4283:Humberto Maturana 4243:Francis Heylighen 4001: 4000: 3835:Decision sciences 3829: 3828: 3811:Spacetime algebra 3503:Harmonic analysis 3469:Dynamical systems 3413:Clifford analysis 3390:Discrete geometry 3356: 3355: 3176: 3175: 2847:Arrow information 2467: 2466: 2289:978-0-412-27520-3 2239:978-0-387-95231-4 2198:978-0-07-052579-5 2138:978-0-521-71654-3 2057:978-0-8147-7771-8 1963:978-0-9647938-5-9 1956:. Probabilistic. 1908:978-0-470-86108-0 1827:de Finetti, Bruno 1791:978-0-538-79757-3 1764:978-0-471-92416-6 1730:978-0-387-96098-2 1683:978-0-19-823303-9 1167:For a review see 972:Secretary problem 957:Quantum cognition 932:Newcomb's paradox 743:compromise effect 738:gambler's fallacy 718:gambler's fallacy 685:Complex decisions 666:Military planners 639:rates of interest 611:economic behavior 436:utility functions 433:time-inconsistent 401:decision analysis 380:political science 376:cognitive science 352:social scientists 340:optimal decisions 279:The mythological 273: 272: 228: 227: 67: 66: 62: 16:(Redirected from 5626: 4780:Natural resource 4615:Economic history 4541:Mechanism design 4493: 4486: 4479: 4470: 4453:Warren McCulloch 4428:Valentin Turchin 4378:Pyotr Grigorenko 4323:John N. Warfield 4248:Francisco Varela 4208:Charles François 4178:Alexander Lerner 4155:Sociocybernetics 4075:Neurocybernetics 4028: 4021: 4014: 4005: 3786:Feynman integral 3769: 3729:Potential theory 3618:random variables 3508:Fourier analysis 3491:Operator algebra 3418:Clifford algebra 3370:Computer algebra 3296: 3203: 3196: 3189: 3180: 3166: 3165: 3156: 3155: 2967:Service recovery 2821:Olbers's paradox 2521:Buridan's bridge 2494: 2487: 2480: 2471: 2409:Ellsberg paradox 2374:Expected utility 2322: 2315: 2308: 2299: 2293: 2274: 2262: 2251: 2202: 2183: 2174: 2168: 2142: 2120: 2092: 2082: 2061: 2042: 2011:Neuropsychologia 2005: 1974:Neuropsychologia 1967: 1937:Khemani, Karan, 1934: 1933:on July 5, 2006. 1932: 1926:. Archived from 1925: 1912: 1892: 1875:De Groot, Morris 1848: 1838: 1822: 1795: 1776: 1742: 1717:Berger, James O. 1712: 1702: 1687: 1675: 1664: 1634: 1633: 1621: 1615: 1614: 1596: 1572: 1566: 1565: 1555: 1531: 1525: 1524: 1496: 1490: 1489: 1469: 1463: 1462: 1452: 1426: 1417: 1411: 1404: 1398: 1397: 1375: 1369: 1368: 1350: 1344: 1343: 1325: 1319: 1318: 1300: 1294: 1293: 1285: 1279: 1278: 1268: 1239: 1233: 1232: 1222: 1193: 1187: 1186: 1165: 1159: 1158: 1138: 1132: 1131: 1112: 1106: 1105: 1103: 1075: 1066: 1065: 1049: 1040: 1037: 1031: 1030: 1028: 1027: 1013: 942:Optimal decision 902:Decision quality 882:Choice modelling 850:unknown unknowns 779:Bruno de Finetti 720:: even when the 696:distinction bias 595:Ellsberg paradox 576:expected utility 568:Bruno de Finetti 506:expected utility 502:utility function 486:Daniel Bernoulli 438:(e.g. Laibson's 429:expected utility 419:framework (e.g. 312:expected utility 265: 258: 251: 237: 101: 69: 58: 38: 37: 30: 21: 5634: 5633: 5629: 5628: 5627: 5625: 5624: 5623: 5609:Formal sciences 5589:Decision theory 5579: 5578: 5577: 5572: 5569:Business portal 5536: 5535: 5534: 5494: 5258:von Böhm-Bawerk 5146: 5145: 5136: 4908:Ancient thought 4886: 4885: 4879: 4870: 4869: 4868: 4619: 4584: 4536:Contract theory 4521:Decision theory 4502: 4497: 4467: 4462: 4418:Talcott Parsons 4408:Stuart Kauffman 4308:Jason Jixuan Hu 4293:Igor Aleksander 4273:Gregory Bateson 4268:Gordon S. Brown 4253:Frederic Vester 4233:Erich von Holst 4193:Allenna Leonard 4183:Alexey Lyapunov 4164: 4110:Decision theory 4038: 4032: 4002: 3997: 3969: 3931: 3915: 3877: 3825: 3791:Poisson algebra 3767: 3649: 3642: 3600: 3496:Operator theory 3394: 3352: 3318:Tensor software 3294: 3243:Automata theory 3212: 3207: 3177: 3172: 3144: 3055:Decision-making 3001:Decision theory 2996: 2825: 2749:Hilbert's Hotel 2682:Grelling–Nelson 2625: 2504: 2498: 2468: 2463: 2369:Decision matrix 2352: 2331: 2329:Decision theory 2326: 2296: 2290: 2277: 2271: 2254: 2240: 2219: 2199: 2191:. McGraw Hill. 2186: 2177: 2145: 2139: 2126: 2099: 2080:10.1.1.352.8089 2064: 2058: 2045: 2008: 1971: 1964: 1951: 1930: 1923: 1918: 1909: 1896: 1889: 1873: 1842: 1825: 1803:Donald Davidson 1801: 1792: 1779: 1765: 1755:Bayesian Theory 1745: 1731: 1715: 1700: 1695: 1684: 1667: 1646: 1642: 1640:Further reading 1637: 1623: 1622: 1618: 1594:10.1.1.419.4767 1574: 1573: 1569: 1533: 1532: 1528: 1498: 1497: 1493: 1471: 1470: 1466: 1424: 1419: 1418: 1414: 1405: 1401: 1394: 1377: 1376: 1372: 1365: 1352: 1351: 1347: 1340: 1327: 1326: 1322: 1315: 1302: 1301: 1297: 1287: 1286: 1282: 1241: 1240: 1236: 1195: 1194: 1190: 1168: 1166: 1162: 1140: 1139: 1135: 1128: 1115: 1113: 1109: 1077: 1076: 1069: 1051: 1050: 1043: 1038: 1034: 1025: 1023: 1015: 1014: 1010: 1006: 1001: 952:Prospect theory 897:Decision making 892:Daniel Kahneman 862: 846: 840: 803: 760: 752: 710: 704: 687: 679:socio-cognitive 659: 647:life expectancy 645:, the person's 634: 628: 603:Daniel Kahneman 599:prospect theory 587:Daniel Ellsberg 558:The revival of 463: 457: 452: 388: 298:is a branch of 292:Decision theory 269: 224: 223: 174: 166: 165: 161:Decision theory 109: 63: 39: 35: 28: 23: 22: 18:Decision Theory 15: 12: 11: 5: 5632: 5630: 5622: 5621: 5616: 5611: 5606: 5604:Control theory 5601: 5596: 5591: 5581: 5580: 5574: 5573: 5571: 5566: 5561: 5556: 5551: 5546: 5541: 5538: 5537: 5533: 5532: 5527: 5517: 5512: 5506: 5505: 5504: 5502: 5496: 5495: 5493: 5492: 5485: 5480: 5475: 5470: 5465: 5460: 5455: 5450: 5445: 5440: 5435: 5430: 5425: 5420: 5415: 5410: 5405: 5400: 5395: 5390: 5385: 5380: 5375: 5370: 5365: 5360: 5355: 5350: 5345: 5340: 5335: 5330: 5325: 5320: 5315: 5310: 5305: 5300: 5295: 5290: 5285: 5280: 5275: 5270: 5265: 5260: 5255: 5250: 5245: 5240: 5235: 5230: 5225: 5220: 5215: 5210: 5205: 5200: 5195: 5190: 5185: 5180: 5175: 5170: 5165: 5160: 5155: 5149: 5147: 5141: 5138: 5137: 5135: 5134: 5129: 5124: 5119: 5114: 5109: 5104: 5103: 5102: 5092: 5091: 5090: 5080: 5075: 5070: 5069: 5068: 5058: 5053: 5048: 5047: 5046: 5045: 5044: 5034: 5029: 5014: 5009: 5004: 4999: 4994: 4989: 4984: 4979: 4974: 4972:Disequilibrium 4969: 4964: 4959: 4954: 4949: 4948: 4947: 4937: 4932: 4927: 4922: 4921: 4920: 4910: 4905: 4900: 4895: 4889: 4887: 4875: 4872: 4871: 4867: 4866: 4861: 4856: 4851: 4846: 4841: 4836: 4831: 4826: 4821: 4812: 4807: 4802: 4797: 4792: 4787: 4785:Organizational 4782: 4777: 4772: 4767: 4762: 4757: 4752: 4747: 4742: 4737: 4732: 4727: 4722: 4717: 4712: 4707: 4702: 4697: 4692: 4687: 4682: 4677: 4672: 4667: 4662: 4657: 4652: 4647: 4642: 4637: 4631: 4630: 4629: 4627: 4621: 4620: 4618: 4617: 4612: 4607: 4606: 4605: 4594: 4592: 4586: 4585: 4583: 4582: 4577: 4572: 4571: 4570: 4560: 4555: 4550: 4548:Macroeconomics 4545: 4544: 4543: 4538: 4533: 4528: 4523: 4516:Microeconomics 4512: 4510: 4504: 4503: 4498: 4496: 4495: 4488: 4481: 4473: 4464: 4463: 4461: 4460: 4455: 4450: 4445: 4440: 4435: 4430: 4425: 4420: 4415: 4413:Stuart Umpleby 4410: 4405: 4400: 4395: 4390: 4385: 4380: 4375: 4373:Norbert Wiener 4370: 4368:Niklas Luhmann 4365: 4360: 4355: 4350: 4345: 4343:Manfred Clynes 4340: 4335: 4330: 4325: 4320: 4318:Jennifer Wilby 4315: 4310: 4305: 4300: 4295: 4290: 4288:I. A. Richards 4285: 4280: 4275: 4270: 4265: 4260: 4255: 4250: 4245: 4240: 4235: 4230: 4225: 4223:Claude Bernard 4220: 4218:Margaret Boden 4215: 4213:Genevieve Bell 4210: 4205: 4200: 4198:Anthony Wilden 4195: 4190: 4185: 4180: 4174: 4172: 4170:Cyberneticians 4166: 4165: 4163: 4162: 4157: 4152: 4150:Cybersemiotics 4147: 4142: 4137: 4132: 4127: 4122: 4117: 4112: 4107: 4102: 4097: 4095:Control theory 4092: 4087: 4082: 4077: 4072: 4067: 4062: 4057: 4052: 4046: 4044: 4040: 4039: 4033: 4031: 4030: 4023: 4016: 4008: 3999: 3998: 3996: 3995: 3982: 3974: 3971: 3970: 3968: 3967: 3962: 3957: 3952: 3951: 3950: 3939: 3937: 3933: 3932: 3930: 3929: 3923: 3921: 3917: 3916: 3914: 3913: 3906: 3901: 3896: 3891: 3885: 3883: 3879: 3878: 3876: 3875: 3870: 3865: 3860: 3855: 3850: 3845: 3839: 3837: 3831: 3830: 3827: 3826: 3824: 3823: 3818: 3813: 3808: 3803: 3798: 3793: 3788: 3783: 3777: 3775: 3766: 3765: 3764: 3763: 3758: 3748: 3747: 3746: 3741: 3731: 3726: 3725: 3724: 3714: 3713: 3712: 3707: 3702: 3697: 3692: 3687: 3682: 3672: 3671: 3670: 3665: 3654: 3652: 3644: 3643: 3641: 3640: 3635: 3630: 3621: 3610: 3608: 3602: 3601: 3599: 3598: 3593: 3592: 3591: 3586: 3581: 3576: 3566: 3565: 3564: 3559: 3554: 3549: 3539: 3538: 3537: 3532: 3527: 3522: 3512: 3511: 3510: 3500: 3499: 3498: 3493: 3483: 3482: 3481: 3479:Control theory 3476: 3466: 3465: 3464: 3459: 3454: 3444: 3443: 3442: 3437: 3432: 3422: 3421: 3420: 3410: 3404: 3402: 3396: 3395: 3393: 3392: 3387: 3382: 3377: 3372: 3366: 3364: 3358: 3357: 3354: 3353: 3351: 3350: 3345: 3340: 3335: 3330: 3325: 3320: 3315: 3310: 3304: 3302: 3293: 3292: 3287: 3282: 3277: 3272: 3271: 3270: 3260: 3255: 3250: 3245: 3240: 3239: 3238: 3233: 3222: 3220: 3214: 3213: 3208: 3206: 3205: 3198: 3191: 3183: 3174: 3173: 3171: 3170: 3160: 3149: 3146: 3145: 3143: 3142: 3137: 3132: 3127: 3122: 3117: 3112: 3107: 3102: 3097: 3092: 3087: 3082: 3077: 3072: 3067: 3062: 3057: 3052: 3047: 3042: 3037: 3032: 3031: 3030: 3025: 3020: 3010: 3004: 3002: 2998: 2997: 2995: 2994: 2989: 2984: 2979: 2974: 2972:St. Petersburg 2969: 2964: 2959: 2954: 2949: 2944: 2939: 2934: 2929: 2924: 2919: 2914: 2909: 2904: 2899: 2894: 2889: 2884: 2879: 2874: 2869: 2864: 2859: 2854: 2849: 2844: 2839: 2833: 2831: 2827: 2826: 2824: 2823: 2818: 2813: 2806: 2801: 2796: 2791: 2786: 2781: 2776: 2771: 2766: 2761: 2756: 2751: 2746: 2741: 2736: 2731: 2726: 2721: 2720: 2719: 2714: 2709: 2704: 2699: 2689: 2684: 2679: 2674: 2669: 2664: 2659: 2654: 2649: 2644: 2639: 2633: 2631: 2627: 2626: 2624: 2623: 2618: 2613: 2608: 2603: 2601:Rule-following 2598: 2593: 2588: 2583: 2578: 2573: 2568: 2563: 2558: 2553: 2548: 2543: 2538: 2533: 2528: 2526:Dream argument 2523: 2518: 2512: 2510: 2506: 2505: 2499: 2497: 2496: 2489: 2482: 2474: 2465: 2464: 2462: 2461: 2456: 2451: 2446: 2441: 2436: 2431: 2426: 2421: 2416: 2411: 2406: 2404:Allais paradox 2401: 2396: 2391: 2386: 2381: 2376: 2371: 2366: 2360: 2358: 2354: 2353: 2351: 2350: 2345: 2339: 2337: 2333: 2332: 2327: 2325: 2324: 2317: 2310: 2302: 2295: 2294: 2288: 2275: 2269: 2252: 2238: 2217: 2203: 2197: 2184: 2175: 2155:Utility Theory 2143: 2137: 2124: 2105:Joseph Jastrow 2097: 2073:(3): 200–210. 2062: 2056: 2043: 2006: 1969: 1962: 1949: 1942: 1935: 1916: 1907: 1894: 1887: 1871: 1860: 1849: 1840: 1823: 1807:Patrick Suppes 1799: 1790: 1777: 1763: 1743: 1729: 1713: 1693: 1682: 1665: 1655:(2): 137–142. 1643: 1641: 1638: 1636: 1635: 1616: 1587:(2): 196–206. 1567: 1526: 1507:(2): 370–392. 1491: 1480:(4): 395–414. 1464: 1412: 1399: 1392: 1370: 1363: 1345: 1338: 1320: 1313: 1295: 1280: 1234: 1213:(4): 299–326. 1188: 1177:(2): 529–563. 1160: 1149:(2): 133–158. 1133: 1126: 1107: 1067: 1041: 1032: 1021:Dictionary.com 1007: 1005: 1002: 1000: 999: 994: 989: 984: 979: 974: 969: 964: 959: 954: 949: 944: 939: 934: 929: 924: 919: 914: 909: 904: 899: 894: 889: 884: 879: 874: 869: 863: 861: 858: 842:Main article: 839: 836: 802: 799: 798: 797: 782: 771: 759: 756: 751: 748: 706:Main article: 703: 700: 686: 683: 658: 655: 630:Main article: 627: 624: 591:Allais paradox 583:Maurice Allais 572:Leonard Savage 533:risk functions 529:loss functions 513:Abraham Wald's 481:expected value 456: 453: 451: 448: 387: 384: 346:, rather than 344:rational agent 334:in that it is 271: 270: 268: 267: 260: 253: 245: 242: 241: 230: 229: 226: 225: 222: 221: 216: 211: 206: 201: 196: 191: 186: 181: 175: 172: 171: 168: 167: 164: 163: 154: 149: 140: 135: 126: 121: 116: 110: 105: 104: 97: 96: 95: 94: 89: 81: 80: 74: 73: 65: 64: 42: 40: 33: 26: 24: 14: 13: 10: 9: 6: 4: 3: 2: 5631: 5620: 5617: 5615: 5612: 5610: 5607: 5605: 5602: 5600: 5597: 5595: 5592: 5590: 5587: 5586: 5584: 5570: 5567: 5565: 5562: 5560: 5557: 5555: 5552: 5550: 5547: 5545: 5542: 5539: 5531: 5528: 5525: 5521: 5518: 5516: 5513: 5511: 5508: 5507: 5503: 5501: 5497: 5491: 5490: 5486: 5484: 5481: 5479: 5476: 5474: 5471: 5469: 5466: 5464: 5461: 5459: 5456: 5454: 5451: 5449: 5446: 5444: 5441: 5439: 5436: 5434: 5431: 5429: 5426: 5424: 5421: 5419: 5416: 5414: 5411: 5409: 5406: 5404: 5401: 5399: 5396: 5394: 5391: 5389: 5386: 5384: 5381: 5379: 5376: 5374: 5371: 5369: 5366: 5364: 5361: 5359: 5356: 5354: 5351: 5349: 5346: 5344: 5341: 5339: 5336: 5334: 5331: 5329: 5326: 5324: 5321: 5319: 5316: 5314: 5311: 5309: 5306: 5304: 5301: 5299: 5296: 5294: 5291: 5289: 5286: 5284: 5281: 5279: 5276: 5274: 5271: 5269: 5266: 5264: 5261: 5259: 5256: 5254: 5251: 5249: 5246: 5244: 5241: 5239: 5236: 5234: 5231: 5229: 5226: 5224: 5221: 5219: 5216: 5214: 5211: 5209: 5206: 5204: 5201: 5199: 5196: 5194: 5191: 5189: 5186: 5184: 5181: 5179: 5176: 5174: 5171: 5169: 5166: 5164: 5161: 5159: 5156: 5154: 5153:de Mandeville 5151: 5150: 5148: 5144: 5139: 5133: 5130: 5128: 5125: 5123: 5120: 5118: 5115: 5113: 5110: 5108: 5105: 5101: 5098: 5097: 5096: 5095:New classical 5093: 5089: 5086: 5085: 5084: 5081: 5079: 5076: 5074: 5071: 5067: 5064: 5063: 5062: 5059: 5057: 5054: 5052: 5051:Malthusianism 5049: 5043: 5040: 5039: 5038: 5035: 5033: 5030: 5027: 5023: 5020: 5019: 5018: 5015: 5013: 5012:Institutional 5010: 5008: 5005: 5003: 5000: 4998: 4995: 4993: 4990: 4988: 4985: 4983: 4980: 4978: 4975: 4973: 4970: 4968: 4965: 4963: 4960: 4958: 4955: 4953: 4950: 4946: 4943: 4942: 4941: 4938: 4936: 4933: 4931: 4928: 4926: 4923: 4919: 4916: 4915: 4914: 4911: 4909: 4906: 4904: 4901: 4899: 4896: 4894: 4891: 4890: 4888: 4883: 4878: 4873: 4865: 4862: 4860: 4857: 4855: 4852: 4850: 4847: 4845: 4842: 4840: 4837: 4835: 4832: 4830: 4827: 4825: 4822: 4820: 4816: 4815:Public choice 4813: 4811: 4808: 4806: 4803: 4801: 4798: 4796: 4793: 4791: 4790:Participation 4788: 4786: 4783: 4781: 4778: 4776: 4773: 4771: 4768: 4766: 4763: 4761: 4758: 4756: 4753: 4751: 4750:Institutional 4748: 4746: 4743: 4741: 4738: 4736: 4733: 4731: 4728: 4726: 4723: 4721: 4718: 4716: 4713: 4711: 4708: 4706: 4703: 4701: 4700:Expeditionary 4698: 4696: 4693: 4691: 4690:Environmental 4688: 4686: 4683: 4681: 4678: 4676: 4673: 4671: 4668: 4666: 4663: 4661: 4658: 4656: 4653: 4651: 4648: 4646: 4643: 4641: 4638: 4636: 4633: 4632: 4628: 4626: 4622: 4616: 4613: 4611: 4608: 4604: 4601: 4600: 4599: 4596: 4595: 4593: 4591: 4587: 4581: 4578: 4576: 4573: 4569: 4566: 4565: 4564: 4561: 4559: 4556: 4554: 4551: 4549: 4546: 4542: 4539: 4537: 4534: 4532: 4529: 4527: 4524: 4522: 4519: 4518: 4517: 4514: 4513: 4511: 4509: 4505: 4501: 4494: 4489: 4487: 4482: 4480: 4475: 4474: 4471: 4459: 4456: 4454: 4451: 4449: 4446: 4444: 4441: 4439: 4436: 4434: 4431: 4429: 4426: 4424: 4423:Ulla Mitzdorf 4421: 4419: 4416: 4414: 4411: 4409: 4406: 4404: 4401: 4399: 4396: 4394: 4393:Robert Trappl 4391: 4389: 4386: 4384: 4381: 4379: 4376: 4374: 4371: 4369: 4366: 4364: 4361: 4359: 4356: 4354: 4351: 4349: 4348:Margaret Mead 4346: 4344: 4341: 4339: 4336: 4334: 4331: 4329: 4328:Kevin Warwick 4326: 4324: 4321: 4319: 4316: 4314: 4311: 4309: 4306: 4304: 4301: 4299: 4298:Jacque Fresco 4296: 4294: 4291: 4289: 4286: 4284: 4281: 4279: 4276: 4274: 4271: 4269: 4266: 4264: 4261: 4259: 4256: 4254: 4251: 4249: 4246: 4244: 4241: 4239: 4236: 4234: 4231: 4229: 4226: 4224: 4221: 4219: 4216: 4214: 4211: 4209: 4206: 4204: 4201: 4199: 4196: 4194: 4191: 4189: 4186: 4184: 4181: 4179: 4176: 4175: 4173: 4171: 4167: 4161: 4158: 4156: 4153: 4151: 4148: 4146: 4143: 4141: 4138: 4136: 4133: 4131: 4128: 4126: 4123: 4121: 4118: 4116: 4113: 4111: 4108: 4106: 4103: 4101: 4098: 4096: 4093: 4091: 4090:Connectionism 4088: 4086: 4083: 4081: 4078: 4076: 4073: 4071: 4068: 4066: 4063: 4061: 4058: 4056: 4053: 4051: 4048: 4047: 4045: 4041: 4037: 4029: 4024: 4022: 4017: 4015: 4010: 4009: 4006: 3994: 3990: 3986: 3983: 3981: 3980: 3976: 3975: 3972: 3966: 3963: 3961: 3958: 3956: 3953: 3949: 3946: 3945: 3944: 3941: 3940: 3938: 3936:Organizations 3934: 3928: 3925: 3924: 3922: 3918: 3911: 3907: 3905: 3902: 3900: 3897: 3895: 3892: 3890: 3887: 3886: 3884: 3880: 3874: 3871: 3869: 3866: 3864: 3861: 3859: 3856: 3854: 3851: 3849: 3846: 3844: 3841: 3840: 3838: 3836: 3832: 3822: 3819: 3817: 3814: 3812: 3809: 3807: 3804: 3802: 3799: 3797: 3796:Quantum group 3794: 3792: 3789: 3787: 3784: 3782: 3779: 3778: 3776: 3774: 3770: 3762: 3759: 3757: 3754: 3753: 3752: 3751:Supersymmetry 3749: 3745: 3742: 3740: 3737: 3736: 3735: 3734:String theory 3732: 3730: 3727: 3723: 3720: 3719: 3718: 3715: 3711: 3708: 3706: 3703: 3701: 3698: 3696: 3693: 3691: 3688: 3686: 3683: 3681: 3678: 3677: 3676: 3673: 3669: 3666: 3664: 3661: 3660: 3659: 3656: 3655: 3653: 3651: 3645: 3639: 3636: 3634: 3633:Path integral 3631: 3629: 3625: 3622: 3619: 3615: 3614:Distributions 3612: 3611: 3609: 3607: 3603: 3597: 3594: 3590: 3587: 3585: 3582: 3580: 3577: 3575: 3572: 3571: 3570: 3567: 3563: 3560: 3558: 3555: 3553: 3550: 3548: 3545: 3544: 3543: 3540: 3536: 3533: 3531: 3528: 3526: 3523: 3521: 3518: 3517: 3516: 3513: 3509: 3506: 3505: 3504: 3501: 3497: 3494: 3492: 3489: 3488: 3487: 3484: 3480: 3477: 3475: 3472: 3471: 3470: 3467: 3463: 3460: 3458: 3455: 3453: 3450: 3449: 3448: 3445: 3441: 3438: 3436: 3433: 3431: 3428: 3427: 3426: 3423: 3419: 3416: 3415: 3414: 3411: 3409: 3406: 3405: 3403: 3401: 3397: 3391: 3388: 3386: 3383: 3381: 3380:Combinatorics 3378: 3376: 3373: 3371: 3368: 3367: 3365: 3363: 3359: 3349: 3346: 3344: 3341: 3339: 3336: 3334: 3331: 3329: 3326: 3324: 3321: 3319: 3316: 3314: 3311: 3309: 3306: 3305: 3303: 3301: 3297: 3291: 3288: 3286: 3283: 3281: 3278: 3276: 3273: 3269: 3266: 3265: 3264: 3261: 3259: 3256: 3254: 3253:Coding theory 3251: 3249: 3246: 3244: 3241: 3237: 3234: 3232: 3229: 3228: 3227: 3224: 3223: 3221: 3219: 3218:Computational 3215: 3211: 3204: 3199: 3197: 3192: 3190: 3185: 3184: 3181: 3169: 3161: 3159: 3151: 3150: 3147: 3141: 3138: 3136: 3133: 3131: 3128: 3126: 3123: 3121: 3118: 3116: 3113: 3111: 3108: 3106: 3103: 3101: 3100:Morton's fork 3098: 3096: 3093: 3091: 3088: 3086: 3083: 3081: 3078: 3076: 3073: 3071: 3068: 3066: 3063: 3061: 3058: 3056: 3053: 3051: 3048: 3046: 3043: 3041: 3040:Buridan's ass 3038: 3036: 3033: 3029: 3026: 3024: 3021: 3019: 3016: 3015: 3014: 3013:Apportionment 3011: 3009: 3006: 3005: 3003: 2999: 2993: 2990: 2988: 2985: 2983: 2980: 2978: 2975: 2973: 2970: 2968: 2965: 2963: 2960: 2958: 2955: 2953: 2950: 2948: 2945: 2943: 2940: 2938: 2935: 2933: 2930: 2928: 2925: 2923: 2920: 2918: 2915: 2913: 2910: 2908: 2905: 2903: 2900: 2898: 2895: 2893: 2890: 2888: 2885: 2883: 2880: 2878: 2875: 2873: 2872:Downs–Thomson 2870: 2868: 2865: 2863: 2860: 2858: 2855: 2853: 2850: 2848: 2845: 2843: 2840: 2838: 2835: 2834: 2832: 2828: 2822: 2819: 2817: 2814: 2811: 2807: 2805: 2802: 2800: 2797: 2795: 2792: 2790: 2789:Plato's beard 2787: 2785: 2782: 2780: 2777: 2775: 2772: 2770: 2767: 2765: 2762: 2760: 2757: 2755: 2752: 2750: 2747: 2745: 2742: 2740: 2737: 2735: 2732: 2730: 2727: 2725: 2722: 2718: 2715: 2713: 2710: 2708: 2705: 2703: 2700: 2698: 2695: 2694: 2693: 2690: 2688: 2687:Kleene–Rosser 2685: 2683: 2680: 2678: 2675: 2673: 2670: 2668: 2665: 2663: 2660: 2658: 2655: 2653: 2650: 2648: 2645: 2643: 2640: 2638: 2635: 2634: 2632: 2628: 2622: 2619: 2617: 2614: 2612: 2611:Theseus' ship 2609: 2607: 2604: 2602: 2599: 2597: 2594: 2592: 2589: 2587: 2584: 2582: 2579: 2577: 2574: 2572: 2571:Mere addition 2569: 2567: 2564: 2562: 2559: 2557: 2554: 2552: 2549: 2547: 2544: 2542: 2539: 2537: 2534: 2532: 2529: 2527: 2524: 2522: 2519: 2517: 2514: 2513: 2511: 2509:Philosophical 2507: 2503: 2495: 2490: 2488: 2483: 2481: 2476: 2475: 2472: 2460: 2457: 2455: 2452: 2450: 2447: 2445: 2442: 2440: 2437: 2435: 2434:Risk aversion 2432: 2430: 2427: 2425: 2422: 2420: 2417: 2415: 2412: 2410: 2407: 2405: 2402: 2400: 2397: 2395: 2392: 2390: 2387: 2385: 2382: 2380: 2377: 2375: 2372: 2370: 2367: 2365: 2362: 2361: 2359: 2355: 2349: 2346: 2344: 2341: 2340: 2338: 2334: 2330: 2323: 2318: 2316: 2311: 2309: 2304: 2303: 2300: 2291: 2285: 2281: 2276: 2272: 2270:9781558601253 2266: 2261: 2260: 2253: 2249: 2245: 2241: 2235: 2231: 2227: 2223: 2218: 2215: 2211: 2207: 2204: 2200: 2194: 2190: 2185: 2181: 2176: 2172: 2167: 2166: 2160: 2159:Martin Shubik 2156: 2153: 2149: 2144: 2140: 2134: 2130: 2125: 2123: 2118: 2114: 2110: 2106: 2102: 2098: 2096: 2090: 2086: 2081: 2076: 2072: 2068: 2063: 2059: 2053: 2049: 2044: 2040: 2036: 2032: 2028: 2024: 2020: 2016: 2012: 2007: 2003: 1999: 1995: 1991: 1987: 1983: 1980:(3): 359–69. 1979: 1975: 1970: 1965: 1959: 1955: 1950: 1947: 1943: 1940: 1936: 1929: 1922: 1917: 1915: 1910: 1904: 1900: 1895: 1890: 1888:0-471-68029-X 1884: 1880: 1876: 1872: 1869: 1865: 1861: 1858: 1854: 1850: 1846: 1841: 1836: 1832: 1828: 1824: 1820: 1816: 1812: 1811:Sidney Siegel 1808: 1804: 1800: 1798: 1793: 1787: 1783: 1778: 1774: 1770: 1766: 1760: 1756: 1752: 1748: 1744: 1740: 1736: 1732: 1726: 1722: 1718: 1714: 1710: 1706: 1699: 1694: 1691: 1685: 1679: 1674: 1673: 1666: 1662: 1658: 1654: 1650: 1645: 1644: 1639: 1632:(2): 268–283. 1631: 1627: 1620: 1617: 1612: 1608: 1604: 1600: 1595: 1590: 1586: 1582: 1578: 1571: 1568: 1563: 1559: 1554: 1549: 1546:(2): 173–80. 1545: 1541: 1537: 1530: 1527: 1522: 1518: 1514: 1510: 1506: 1502: 1495: 1492: 1487: 1483: 1479: 1475: 1468: 1465: 1460: 1456: 1451: 1446: 1442: 1438: 1434: 1430: 1423: 1416: 1413: 1409: 1403: 1400: 1395: 1393:9780124171558 1389: 1385: 1381: 1374: 1371: 1366: 1364:9783642644993 1360: 1356: 1349: 1346: 1341: 1339:9781912303687 1335: 1331: 1324: 1321: 1316: 1314:9789048183548 1310: 1306: 1299: 1296: 1291: 1284: 1281: 1276: 1272: 1267: 1262: 1258: 1254: 1253: 1248: 1244: 1238: 1235: 1230: 1226: 1221: 1216: 1212: 1208: 1207: 1202: 1198: 1197:Wald, Abraham 1192: 1189: 1184: 1180: 1176: 1172: 1164: 1161: 1156: 1152: 1148: 1144: 1137: 1134: 1129: 1127:0-19-823303-5 1123: 1119: 1111: 1108: 1102: 1097: 1093: 1089: 1085: 1081: 1074: 1072: 1068: 1063: 1059: 1055: 1048: 1046: 1042: 1036: 1033: 1022: 1018: 1012: 1009: 1003: 998: 995: 993: 990: 988: 985: 983: 980: 978: 975: 973: 970: 968: 965: 963: 960: 958: 955: 953: 950: 948: 945: 943: 940: 938: 935: 933: 930: 928: 925: 923: 920: 918: 915: 913: 910: 908: 905: 903: 900: 898: 895: 893: 890: 888: 885: 883: 880: 878: 875: 873: 870: 868: 865: 864: 859: 857: 855: 854:ludic fallacy 851: 845: 844:Ludic fallacy 838:Ludic fallacy 837: 835: 833: 829: 825: 820: 816: 812: 808: 800: 795: 791: 787: 783: 780: 777:paradoxes of 776: 772: 769: 765: 764: 763: 757: 755: 749: 747: 744: 740: 739: 733: 730: 723: 719: 714: 709: 701: 699: 697: 693: 684: 682: 680: 671: 667: 663: 656: 654: 652: 648: 644: 640: 633: 625: 623: 621: 617: 612: 608: 604: 600: 596: 592: 588: 584: 579: 577: 573: 569: 565: 561: 556: 554: 553:E. L. Lehmann 550: 546: 542: 538: 534: 530: 526: 522: 518: 514: 509: 507: 504:and computes 503: 499: 495: 491: 487: 482: 478: 477: 472: 468: 467:Blaise Pascal 462: 454: 449: 447: 443: 441: 437: 434: 430: 426: 422: 418: 414: 408: 406: 402: 398: 394: 385: 383: 381: 377: 373: 369: 365: 361: 357: 353: 349: 345: 341: 337: 333: 329: 325: 321: 317: 313: 309: 305: 301: 297: 293: 286: 282: 277: 266: 261: 259: 254: 252: 247: 246: 244: 243: 240: 236: 231: 220: 217: 215: 212: 210: 207: 205: 202: 200: 197: 195: 192: 190: 187: 185: 182: 180: 177: 176: 170: 169: 162: 158: 155: 153: 150: 148: 144: 141: 139: 136: 134: 130: 127: 125: 122: 120: 117: 115: 114:Number theory 112: 111: 108: 103: 102: 99: 98: 93: 90: 88: 85: 84: 83: 82: 79: 75: 71: 70: 61: 56: 52: 51: 46: 41: 32: 31: 19: 5564:Publications 5520:Publications 5487: 5083:Neoclassical 5073:Mercantilism 4982:Evolutionary 4844:Sociological 4817: / 4715:Geographical 4695:Evolutionary 4670:Digitization 4635:Agricultural 4598:Econometrics 4526:Price theory 4520: 4448:Walter Pitts 4353:Marian Mazur 4228:Cliff Joslyn 4109: 4070:Biosemiotics 3991: / 3987: / 3977: 3853:Optimization 3834: 3816:Superalgebra 3675:Field theory 3648:Mathematical 3626: / 3474:Chaos theory 3457:Gauge theory 3385:Graph theory 3280:Cryptography 3120:Preparedness 2952:Productivity 2932:Mandeville's 2724:Opposite Day 2652:Burali-Forti 2647:Bhartrhari's 2328: 2279: 2258: 2221: 2213: 2188: 2179: 2164: 2128: 2116: 2112: 2094: 2070: 2066: 2047: 2017:(3): 371–9. 2014: 2010: 1977: 1973: 1953: 1945: 1928:the original 1913: 1898: 1878: 1863: 1856: 1853:1937 article 1844: 1834: 1830: 1814: 1796: 1781: 1754: 1720: 1708: 1704: 1689: 1671: 1652: 1648: 1629: 1625: 1619: 1584: 1580: 1570: 1543: 1539: 1529: 1504: 1500: 1494: 1477: 1473: 1467: 1435:(1): 24–33. 1432: 1428: 1415: 1407: 1402: 1383: 1373: 1354: 1348: 1329: 1323: 1304: 1298: 1289: 1283: 1256: 1250: 1237: 1210: 1204: 1191: 1174: 1170: 1163: 1146: 1142: 1136: 1117: 1110: 1083: 1079: 1053: 1035: 1024:. Retrieved 1020: 1011: 847: 804: 766:the work of 761: 753: 750:Alternatives 742: 736: 734: 727: 688: 675: 635: 615: 607:Amos Tversky 581:The work of 580: 564:Frank Ramsey 557: 510: 489: 474: 471:famous wager 464: 444: 413:Amos Tversky 409: 396: 389: 336:prescriptive 295: 291: 290: 160: 59: 48: 5358:von Neumann 5127:Supply-side 5112:Physiocracy 5056:Marginalism 4745:Information 4685:Engineering 4665:Development 4660:Demographic 4531:Game theory 4508:Theoretical 4383:Qian Xuesen 4263:Gordon Pask 4160:Synergetics 4125:Homeostasis 4065:Biorobotics 4036:cybernetics 3993:topics list 3927:Mathematics 3843:Game theory 3744:Topological 3710:Topological 3705:Statistical 3668:Hamiltonian 3050:Condorcet's 2902:Giffen good 2862:Competition 2616:White horse 2591:Omnipotence 2439:Game theory 2152:von Neumann 2148:Morgenstern 1747:Bernardo JM 1711:(2): 353–9. 1259:(1): 1–26. 1086:(1): 1–39. 967:Rationality 922:Game theory 807:fuzzy logic 670:simulations 498:normatively 372:criminology 324:uncertainty 316:probability 300:probability 204:Linguistics 194:Computation 189:Geosciences 152:Probability 78:Mathematics 5583:Categories 5515:Economists 5388:Schumacher 5293:Schumpeter 5263:von Wieser 5183:von ThĂĽnen 5143:Economists 5042:Circuitism 5007:Humanistic 5002:Historical 4977:Ecological 4967:Democratic 4940:Chartalism 4930:Behavioral 4893:Mainstream 4854:Statistics 4849:Solidarity 4770:Managerial 4735:Humanistic 4730:Historical 4675:Ecological 4640:Behavioral 3899:Psychology 3863:Statistics 3663:Lagrangian 3290:Statistics 3226:Algorithms 3125:Prevention 3115:Parrondo's 3105:Navigation 3090:Inventor's 3085:Hedgehog's 3045:Chainstore 3028:Population 3023:New states 2957:Prosperity 2937:Mayfield's 2779:Entailment 2759:Barbershop 2672:Epimenides 1831:Erkenntnis 1243:Lehmann EL 1101:1794/22385 1026:2022-04-02 1004:References 775:Dutch book 729:Heuristics 702:Heuristics 348:describing 320:rationally 214:Philosophy 157:Statistics 147:Set theory 5433:Greenspan 5398:Samuelson 5378:Galbraith 5348:Tinbergen 5288:von Mises 5283:Heckscher 5243:Edgeworth 5122:Stockholm 5117:Socialist 5017:Keynesian 4997:Happiness 4957:Classical 4918:Mutualism 4913:Anarchist 4898:Heterodox 4795:Personnel 4755:Knowledge 4720:Happiness 4710:Financial 4680:Education 4655:Democracy 4590:Empirical 4500:Economics 4115:Emergence 4043:Subfields 3904:Sociology 3894:Chemistry 3690:Effective 3685:Conformal 3680:Classical 3552:Geometric 3525:Geometric 3140:Willpower 3135:Tolerance 3110:Newcomb's 3075:Fredkin's 2962:Scitovsky 2882:Edgeworth 2877:Easterlin 2842:Antitrust 2739:Russell's 2734:Richard's 2707:Pinocchio 2662:Crocodile 2581:Newcomb's 2551:Goodman's 2546:Free will 2531:Epicurean 2502:paradoxes 2336:Decisions 2075:CiteSeerX 1868:AFM Smith 1757:. Wiley. 1589:CiteSeerX 1540:Cognition 824:sensitive 643:inflation 620:anchoring 417:axiomatic 368:economics 364:sociology 328:cognitive 304:economics 287:shown). 285:goddesses 219:Education 209:Economics 184:Chemistry 5544:Category 5524:journals 5510:Glossary 5463:Stiglitz 5428:Rothbard 5408:Buchanan 5393:Friedman 5383:Koopmans 5373:Leontief 5353:Robinson 5238:Marshall 5088:Lausanne 4992:Georgism 4987:Feminist 4935:Buddhist 4925:Austrian 4824:Regional 4800:Planning 4775:Monetary 4705:Feminist 4650:Cultural 4645:Business 3979:Category 3628:analysis 3547:Exterior 3520:Exterior 3400:Analysis 3362:Discrete 3236:analysis 3168:Category 3065:Ellsberg 2917:Leontief 2897:Gibson's 2892:European 2887:Ellsberg 2857:Braess's 2852:Bertrand 2830:Economic 2764:Catch-22 2744:Socratic 2586:Nihilism 2556:Hedonism 2516:Analysis 2500:Notable 2357:Concepts 2119:: 73–83. 2107:(1885). 2039:31082509 2002:45154180 1877:(2004). 1813:(1957). 1753:(1994). 1751:Smith AF 1719:(1985). 1562:24549140 1521:11381834 1459:28557503 1382:(2015). 1245:(1950). 1199:(1939). 860:See also 794:Bayesian 722:roulette 397:ought to 393:rational 358:used to 133:Analysis 129:Calculus 119:Geometry 5559:Outline 5530:Schools 5522: ( 5483:Piketty 5478:Krugman 5343:Kuznets 5333:Kalecki 5308:Polanyi 5198:Cournot 5193:Bastiat 5178:Ricardo 5168:Malthus 5158:Quesnay 5061:Marxian 4952:Chicago 4882:history 4877:Schools 4864:Welfare 4834:Service 4625:Applied 3989:outline 3920:Related 3889:Biology 3739:Bosonic 3700:Quantum 3650:physics 3616: ( 3348:Solvers 3070:Fenno's 3035:Arrow's 3018:Alabama 3008:Abilene 2987:Tullock 2942:Metzler 2784:Lottery 2774:Drinker 2717:Yablo's 2712:Quine's 2667:Curry's 2630:Logical 2606:Sorites 2596:Preface 2576:Moore's 2561:Liberal 2536:Fiction 2389:Leximin 2384:Minimax 2248:1835885 2216:(1931). 2171:237–251 2161:(ed.). 2031:4022304 1994:4022303 1941:, 2005. 1773:1274699 1739:0804611 1661:1805441 1611:9432630 1450:5708146 1275:2236552 1229:0000932 1183:2724488 828:minimax 616:changes 597:). The 549:minimax 476:PensĂ©es 294:or the 199:Biology 179:Physics 124:Algebra 87:History 55:Discuss 5468:Thaler 5448:Ostrom 5443:Becker 5438:Sowell 5418:Baumol 5323:Myrdal 5318:Sraffa 5313:Frisch 5303:Knight 5298:Keynes 5273:Fisher 5268:Veblen 5253:Pareto 5233:Menger 5228:George 5223:Jevons 5218:Walras 5208:Gossen 5132:Thermo 4810:Public 4805:Policy 4760:Labour 4725:Health 3562:Vector 3557:Tensor 3535:Vector 3530:Tensor 3231:design 2977:Thrift 2947:Plenty 2922:Lerner 2912:Jevons 2907:Icarus 2837:Allais 2799:Ross's 2637:Barber 2621:Zeno's 2566:Meno's 2286:  2267:  2246:  2236:  2195:  2157:". 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