Black-Scholes-Merton Model as an Idealization of Discrete-Ti, Kreps David M
Автор: Kreps D. Название: Notes on the Theory of choice ISBN: 0813375533 ISBN-13(EAN): 9780813375533 Издательство: Taylor&Francis Рейтинг: Цена: 8726.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: In this book, Professor Kreps presents a first course on the basic models of choice theory that underlie much of economic theory. This course, taught for several years at the Graduate School of Business, Stanford University, gives the student an introduction to the axiomatic method of economic analysis, without placing too heavy a demand on mathematical sophistication.The course begins with the basics of choice and revealed preference theory and then discusses numerical representations of ordinal preference. Models with uncertainty come next: First is von Neumann-Morgenstern utility, and then choice under uncertainty with subjective uncertainty, using the formulation of Anscombe and Aumann, and then sketching the development of Savage`s classic theory. Finally, the course delves into a number of special topics, including de Finetti`s theorem, modeling choice on a part of a larger problem, dynamic choice, and the empirical evidence against the classic models.
Описание: Why have the wars in Afghanistan and Iraq lasted longer than any others in American history? The conventional wisdom suggests that the move to an all-volunteer force and unmanned technologies such as drones have reduced the apparent burden of war so much that they have allowed these conflicts to continue almost unnoticed for years. Taxing Wars suggests that the burden in blood is just one side of the coin. The way Americans bear the burden in treasure has also changed, and these changes have both eroded accountability and contributed to the phenomenon of perpetual war. Sarah Kreps chronicles the entire history of how America has paid for it's wars and how its methods have changed. Early on, the United States imposed war taxes that both demanded sacrifices from all Americans and served as reminders of their participation. Indeed, thinkers from Immanuel Kant to Adam Smith argued that these reminders were exactly the reason why democracies tended to fight shorter and less costly wars. Bearing these burdens caused the populace to sue for peace when the costs mounted. Leaders in a democracy, responsive to their citizens, would have incentives to heed that opposition and bring wars to as expeditious an end as possible. Since the Korean War, the United States has increasingly moved away from war taxes. Instead, borrowing and its comparatively less visible connection with the war has become a permanent feature of contemporary wars. The move serves leaders well because reducing the apparent burden of war has helped mute public opposition and any decision-making constraints. But by masking accountability, however, the move away from war taxes undermines the basis for democratic restraint in wartime. Contemporary wars have become correspondingly longer and costlier as the public has become disconnected from those burdens. Given the trends identified in Taxing Wars, the recent past-epitomized by our lengthy wars in Afghanistan and Iraq-is likely to be prologue.
Автор: Kreps David M., Wallis Kenneth F. Название: Advances in Economics and Econometrics: Theory and Applications ISBN: 0521589819 ISBN-13(EAN): 9780521589819 Издательство: Cambridge Academ Цена: 5702.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: This 1997 book is the third of three volumes containing papers presented at the Seventh World Congress of the Econometric Society. The papers summarize and interpret key recent developments and discuss current and future directions in a wide range of topics in economics and econometrics. They cover both theory and applications.
Описание: This book constitutes the refereed proceedings of the 13th IFIP TC 9 International Conference on Human Choice and Computers, HCC13 2018, held at the 24th IFIP World Computer Congress, WCC 2018, in Poznan, Poland, in September 2018
.The 29 revised full papers presented were carefully reviewed and selected from 48 submissions. The papers are based on both academic research and the professional experience of information practitioners working in the field. They deal with multiple challenges society will be facing in the future and are organized in the following topical sections: history of computing: 'this changed everything'; ICT4D and improvements of ICTs; ICTs and sustainability; gender; ethical and legal considerations; and philosophy.
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