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1999 (5)

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Decision-making in the European Union
Authors: ---
ISBN: 0312225296 0312225210 9780312225292 9780312225216 Year: 1999 Publisher: New York: Palgrave,

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The foundations of causal decision theory
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ISBN: 0521641640 0521063566 1107173108 9786611383879 0511398093 0511398921 0511498497 1281383872 0511396597 0511401043 0511397321 9780521063562 9780521641647 9780511397325 9780511401046 9780511498497 Year: 1999 Volume: *4 Publisher: Cambridge New York Cambridge University Press

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This book defends the view that any adequate account of rational decision making must take a decision maker's beliefs about causal relations into account. The early chapters of the book introduce the non-specialist to the rudiments of expected utility theory. The major technical advance offered by the book is a 'representation theorem' that shows that both causal decision theory and its main rival, Richard Jeffrey's logic of decision, are both instances of a more general conditional decision theory. The book solves a long-standing problem for Jeffrey's theory by showing for the first time how to obtain a unique utility and probability representation for preferences and judgements of comparative likelihood. The book also contains a major new discussion of what it means to suppose that some event occurs or that some proposition is true. The most complete and robust defence of causal decision theory available.

The executive decisionmaking process
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ISBN: 1567202934 0313004439 0585383820 9780585383828 9781567202939 9780313004438 Year: 1999 Publisher: Westport, Conn. Quorum

Cooperative decision-making under risk
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ISBN: 0792386604 1461370973 1461546370 9780792386605 Year: 1999 Volume: 24 Publisher: Boston: Kluwer,

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In cooperative games, one generally assumes that the agents know exactly the joint (monetary) gains that can be achieved by any possible coalition of cooperating agents. In reality, however, only little is known with certainty. This does not necessarily imply that traditional cooperative game theory cannot be applied in practical situations, for in various cases knowledge of the expected gains suffices. In many other cases, however, it is just the sharing of risk that is beneficial. Joint ventures, for instance, exist since cooperation reduces the risk of the investment for the individual parties. Since the existing models fail to incorporate such risks, they are not suitable for analyzing cooperative decision-making under risk. This book aims to rectify this deficiency by discussing a model of cooperative games with random payoffs.

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