How Long to Read Foundations of Rational Choice Under Risk

How Long Does it Take to Read Foundations of Rational Choice Under Risk?

It takes the average reader 2 hours and 41 minutes to read Foundations of Rational Choice Under Risk by Paul Anand

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

Description

In this book, Paul Anand examines the normative interpretation of Subjective Expected Utility (SEU). He tests the philosophical and logical basis for associating SEU with rational choice. Decision theorists have increasingly come to accept the experimental evidence that subjects systematicallyviolate the axiomatic assumptions of SEU, and as a result the past decade has witnessed an explosion of mathematical models that seek to capture this behaviour. A current issue is whether axioms of SEU really are canons of rationality. Anand discusses whether the new decision-theoretic models aremore than just accounts of irrational behaviour. The main themes of the book are that, empirically, SEU is false, and that normatively it imposes unnecessary constraints on rational agency. Problems with Bayesianism are introduced and it is shown that useful distinctions between risk and uncertainty (in a Keynesian sense) can be made. Some of theradical methodological changes in economics that underpin theoretical developments in decision theory and economics are also discussed.

How long is Foundations of Rational Choice Under Risk?

Foundations of Rational Choice Under Risk by Paul Anand is 161 pages long, and a total of 40,411 words.

This makes it 54% the length of the average book. It also has 49% more words than the average book.

How Long Does it Take to Read Foundations of Rational Choice Under Risk Aloud?

The average oral reading speed is 183 words per minute. This means it takes 3 hours and 40 minutes to read Foundations of Rational Choice Under Risk aloud.

What Reading Level is Foundations of Rational Choice Under Risk?

Foundations of Rational Choice Under Risk is suitable for students ages 10 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 Foundations of Rational Choice Under Risk?

Foundations of Rational Choice Under Risk by Paul Anand is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

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