Rational Decisions (English, Ken Binmore)
by Ken Binmore
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Book Details
Publisher
Princeton University Press
Language
English
ISBN-13
9780691149899
ISBN-10
0691149895
Author
Ken Binmore
About the Book
It is widely held that Bayesian decision theory is the final word on how a rational person should make decisions. However, Leonard Savage--the inventor of Bayesian decision theory--argued that it would be ridiculous to use his theory outside the kind of small world in which it is always possible to "look before you leap." If taken seriously, this view makes Bayesian decision theory inappropriate for the large worlds of scientific discovery and ma…
ISBN: 9780691149899
ISBN-13: 9780691149899
ISBN-10: 0691149895
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Product ID: isbn-9780691149899
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