(Paperback)

Explains the foundations of Bayesian decision theory and shows why Savage restricted the theory's application to small worlds. This title discusses the various philosophical attitudes related to the nature of probability and offers resolutions to paradoxes believed to hinder further progress.

(Paperback)

(Hardback)

Individuals and families make key decisions that impact many aspects of financial stability and determine the future of the economy. These decisions involve balancing current sacrifice against future benefits. This book is about modeling this individual or family-based decision making using an optimizing dynamic programming model.

(Paperback)

Numerous case studies and empirical investigations have demonstrated the importance, and merits and drawbacks of such institutions. This book builds on these studies and constructs a toolkit of theoretical models to analyze them. It examines the theory of private institutions that transcend or supplement weak economic governance from the state.

(Paperback)

(Hardback)

Demonstrates the analytical benefits acquired when an analysis with a representative consumer is possible, they also characterize the restrictiveness of assumptions under which a representative household justifies a purely aggregative analysis.

(Hardback)

(Hardback)