Probability in Economics
Book Details
Format
Paperback / Softback
Book Series
Routledge Frontiers of Political Economy
ISBN-10
0415862140
ISBN-13
9780415862141
Publisher
Taylor & Francis Ltd
Imprint
Routledge
Country of Manufacture
GB
Country of Publication
GB
Publication Date
Dec 16th, 2013
Print length
208 Pages
Weight
294 grams
Product Classification:
HistoryEconomic theory & philosophyEconomic history
Ksh 8,800.00
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Probability is a key concept in economics. This book adopts a critical attitude to the treatment of probability in most current economic modelling, whilst refraining from embracing chaos theory. Essential reading for the enquiring econometrician
Notions of probability and uncertainty have been increasingly prominant in modern economics. This book considers the philosophical and practical difficulties inherent in integrating these concepts into realistic economic situations. It outlines and evaluates the major developments, indicating where further work is needed.
This book addresses:
* probability, utility and rationality within current economic thought and practice
* concepts of ignorance and indeterminancy
* experimental economics
* econometrics, with particular reference inference and estimation.
This book addresses:
* probability, utility and rationality within current economic thought and practice
* concepts of ignorance and indeterminancy
* experimental economics
* econometrics, with particular reference inference and estimation.
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