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OverviewA nontechnical, concise, and rigorous introduction to the rational choice paradigm, focusing on basic insights applicable in fields ranging from economics to philosophy.This book offers a rigorous, concise, and nontechnical introduction to some of the fundamental insights of rational choice theory. It draws on formal theories of microeconomics, decision making, games, and social choice, and on ideas developed in philosophy, psychology, and sociology. Itzhak Gilboa argues that economic theory has provided a set of powerful models and broad insights that have changed the way we think about everyday life. He focuses on basic insights of the rational choice paradigm-the general conceptualization rather than a particular theory-that survive recent (and well-justified) critiques of economic theory's various failures. Gilboa explains the main concepts in language accessible to the nonspecialist, offering a nonmathematical guide to some of the main ideas developed in economic theory in the second half of the twentieth century. Chapters cover feasibility and desirability, utility maximization, constrained optimization, expected utility, probability and statistics, aggregation of preferences, games and equilibria, free markets, and rationality and emotions. Online appendixes offer additional material, including a survey of relevant mathematical concepts. A nontechnical, concise, and rigorous introduction to the rational choice paradigm, focusing on basic insights applicable in fields ranging from economics to philosophy.This book offers a rigorous, concise, and nontechnical introduction to some of the fundamental insights of rational choice theory. It draws on formal theories of microeconomics, decision making, games, and social choice, and on ideas developed in philosophy, psychology, and sociology. Itzhak Gilboa argues that economic theory has provided a set of powerful models and broad insights that have changed the way we think about everyday life. He focuses on basic insights of the rational choice paradigm-the general conceptualization rather than a particular theory-that survive recent (and well-justified) critiques of economic theory's various failures. Gilboa explains the main concepts in language accessible to the nonspecialist, offering a nonmathematical guide to some of the main ideas developed in economic theory in the second half of the twentieth century. Chapters cover feasibility and desirability, utility maximization, constrained optimization, expected utility, probability and statistics, aggregation of preferences, games and equilibria, free markets, and rationality and emotions. Online appendixes offer additional material, including a survey of relevant mathematical concepts. Full Product DetailsAuthor: Itzhak Gilboa (Prof., Tel Aviv University)Publisher: MIT Press Ltd Imprint: MIT Press Dimensions: Width: 15.20cm , Height: 1.00cm , Length: 22.90cm Weight: 0.295kg ISBN: 9780262518055ISBN 10: 0262518058 Pages: 176 Publication Date: 17 August 2012 Recommended Age: From 18 years Audience: College/higher education , Undergraduate , Postgraduate, Research & Scholarly Format: Paperback Publisher's Status: Active Availability: Manufactured on demand We will order this item for you from a manufactured on demand supplier. Table of ContentsReviews""Gilboa's Rational Choice is a clear, comprehensive, and clever introduction to economic theory. The focus is on the concepts, not the mathematics. It introduces the reader to the tenets of the field, while incorporating insights from philosophy, psychology, and sociology.""--Amanda Friedenberg, W.P. Carey School of Business, Arizona State University Gilboa's Rational Choice is a clear, comprehensive, and clever introduction to economic theory. The focus is on the concepts, not the mathematics. It introduces the reader to the tenets of the field, while incorporating insights from philosophy, psychology, and sociology. --Amanda Friedenberg, W.P. Carey School of Business, Arizona State University Author InformationItzhak Gilboa is Professor of Economics and Decision Sciences at HEC ( cole des Hautes tudes Commerciales), Paris, and Professor of Economics at Berglas School of Economics, Tel Aviv University. He is the coauthor (with David Schmeidler) of Theory of Case-Based Decisions and the author of Theory of Decision under Uncertainty. Tab Content 6Author Website:Countries AvailableAll regions |