How Long to Read Economic Decisions Under Uncertainty

How Long Does it Take to Read Economic Decisions Under Uncertainty?

It takes the average reader 6 hours and 30 minutes to read Economic Decisions Under Uncertainty by Hans-Werner Sinn

Assuming a reading speed of 250 words per minute. Learn more

Description

The Fundamental Issues Involved Why do we need a theory of uncertainty? It is a fact that almost all man's economic decisions are made under conditions of uncertainty, but this fact alone does not provide a strong enough argument for making the effort necessary to generalize ordinary preference theory designed for a world of perfect certainty. In accordance with Occam's Razor, the mathematician may well welcome a generalization of assumptions even if it does not promise more than a restatement of known results. The economist, however, will only be well disposed towards making the effort if he can expect to achieve new insights and interesting results, for he is interested in the techniques necessary for the generalization only as means to an end, not as ends in themselves. A stronger reason for developing a theory of uncertainty, therefore, seems to be the fact that there are kinds of economic activities to which the non-stochastic preference theory has no access or has access only through highly artificial constructions. Such activities include portfolio decisions of wealth holders, speculation, and insurance. These will be considered in detail in the last chapter of the book. The main purpose of this book, however, is not to apply a theory of uncertainty to concrete economic problems, the purpose rather is to formulate such a theory.

How long is Economic Decisions Under Uncertainty?

Economic Decisions Under Uncertainty by Hans-Werner Sinn is 378 pages long, and a total of 97,524 words.

This makes it 128% the length of the average book. It also has 119% more words than the average book.

How Long Does it Take to Read Economic Decisions Under Uncertainty Aloud?

The average oral reading speed is 183 words per minute. This means it takes 8 hours and 52 minutes to read Economic Decisions Under Uncertainty aloud.

What Reading Level is Economic Decisions Under Uncertainty?

Economic Decisions Under Uncertainty is suitable for students ages 12 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy Economic Decisions Under Uncertainty?

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