Decision Space: Multidimensional Utility Analysis (Cambridge Studies in Probability, Induction and Decision Theory)

Weirich, Paul

ISBN 10: 0521038030 ISBN 13: 9780521038034

Published by Cambridge University Press, 2007

Language: English

Condition: New Soft cover

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Bibliographic Details

Title

Decision Space: Multidimensional Utility Analysis (Cambridge Studies in Probability, Induction and Decision Theory)

Publisher

Cambridge University Press

Publication Date

2007

Language

English

ISBN 10

0521038030

ISBN 13

9780521038034

Binding

Soft cover

Condition

New

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About this title

Synopsis

In Decision Space: Multidimensional Utility Analysis, first published in 2001, Paul Weirich increases the power and versatility of utility analysis and in the process advances decision theory. Combining traditional and novel methods of option evaluation into one systematic method of analysis, multidimensional utility analysis is a valuable tool. It provides formulations of important decision principles, such as the principle to maximize expected utility; enriches decision theory in solving recalcitrant decision problems; and provides in particular for the cases in which an expert must make a decision for a group of people. The multiple dimensions of this analysis create a decision space broad enough to accommodate all factors affecting an option's utility. The book will be of interest to advanced students and professionals working in the subject of decision theory, as well as to economists and other social scientists.

Review

"Paul Weirich has written an ambitious book that deserves the serious attention of anyone interested in rational choice theory... an important and welcome contribution to the literature..." Ethics

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