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An Introduction to Decision Theory

$30.99

textbook

Part of Cambridge Introductions to Philosophy

  • Date Published: May 2009
  • availability: In stock
  • format: Paperback
  • isbn: 9780521716543

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  • This introduction to decision theory offers comprehensive and accessible discussions of decision-making under ignorance and risk, the foundations of utility theory, the debate over subjective and objective probability, Bayesianism, causal decision theory, game theory, and social choice theory. No mathematical skills are assumed, and all concepts and results are explained in non-technical and intuitive as well as more formal ways. There are over 100 exercises with solutions, and a glossary of key terms and concepts. An emphasis on foundational aspects of normative decision theory (rather than descriptive decision theory) makes the book particularly useful for philosophy students, but it will appeal to readers in a range of disciplines including economics, psychology, political science and computer science.

    • Has over 100 end of chapter review questions and exercises with solutions
    • Includes a chapter on how to draw a decision matrix
    • Explains the link between individual decision making, game theory and social choice theory
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    Reviews & endorsements

    "This up-to-date introduction to decision theory offers comprehensive and accessible discussions of decision-making under ignorance and risk, the foundations of utility theory, the debate over subjective and objective probability, Bayesianism, causal decision theory, game theory, and social choice theory.... all concepts and results are explained in non-technical and intuitive as well as more formal ways. There are over 100 exercises with solutions, and a glossary of key terms and concepts. An emphasis on foundational aspects of normative decision theory (rather than descriptive decision theory) makes the book particularly useful for philosophy students, but it will appeal to readers in a range of disciplines including economics, psychology, political science and computer science."
    -- Mathematical Reviews

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    Product details

    • Date Published: May 2009
    • format: Paperback
    • isbn: 9780521716543
    • length: 325 pages
    • dimensions: 247 x 174 x 16 mm
    • weight: 0.65kg
    • contains: 95 tables
    • availability: In stock
  • Table of Contents

    Preface
    1. Introduction
    2. The decision matrix
    3. Decisions under ignorance
    4. Decisions under risk
    5. Utility
    6. The mathematics of probability
    7. The philosophy of probability
    8. Why should we accept the preference axioms
    9. Causal vs. evidential decision theory
    10. Bayesian vs. non-Bayesian decision theory
    11. Game theory I: basic concepts and zero sum games
    12. Game theory II: nonzero sum and co-operative games
    13. Social choice theory
    14. Overview of descriptive decision theory
    Appendix A. Glossary
    Appendix B. Proof of the von Neumann-Morgenstern theorem
    Further reading
    Index.

  • Author

    Martin Peterson, Technische Universiteit Eindhoven, Holland
    Martin Peterson is Associate Professor of Philosophy at the Royal Institute of Technology, Sweden. He is author of Non-Bayesian Decision Theory (2008).

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