Microeconomic Theory (Recent Economic Thought)

Published by Springer, 1986
ISBN 10: 0898381703 / ISBN 13: 9780898381702
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Synopsis: It is often said that everyone understands precisely what is meant by the notion of probability-except those who have spent their lives studying the matter. Upon close scrutiny, the intuitively obvious idea of probability becomes quite elusive. Is it a subjective or objective concept? Are random variables simply improperly measured deterministic variables, or inherently random? What is meant by the phrase "other things held constant" that often appears in descriptions of probability? These questions involve fundamental philosophical and scientific issues, and promise to elude definitive answers for some time. The same type of difficulty arises when attempting to produce a volume on microeconomic theory. The obvious first question-what is microeconomic theory?--

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Bibliographic Details

Title: Microeconomic Theory (Recent Economic ...
Publisher: Springer
Publication Date: 1986
Binding: Hardcover
Book Condition: New
Edition: 1986.

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Published by Kluwer Nijhoff Publishing (1986)
ISBN 10: 0898381703 ISBN 13: 9780898381702
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Published by Kluwer Academic Publishers, United States (1986)
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Book Description Kluwer Academic Publishers, United States, 1986. Hardback. Condition: New. 1986 ed. Language: English. Brand new Book. It is often said that everyone understands precisely what is meant by the notion of probability-except those who have spent their lives studying the matter. Upon close scrutiny, the intuitively obvious idea of probability becomes quite elusive. Is it a subjective or objective concept? Are random variables simply improperly measured deterministic variables, or inherently random? What is meant by the phrase "other things held constant" that often appears in descriptions of probability? These questions involve fundamental philosophical and scientific issues, and promise to elude definitive answers for some time. The same type of difficulty arises when attempting to produce a volume on microeconomic theory. The obvious first question-what is microeconomic theory?--. Seller Inventory # LIE9780898381702

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