Rational Decisions by Ken Binmore

Rational Decisions

Ken Binmore

200 pages first pub 2008 (editions)

nonfiction economics philosophy psychology challenging informative slow-paced
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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 k...

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