{"product_id":"choice-theory-a-simple-introduction-paperback","title":"Choice Theory: A Simple Introduction - Paperback","description":"\u003cp\u003eby \u003cb\u003eK. H. Erickson\u003c\/b\u003e (Author)\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003eChoice Theory: A Simple Introduction offers an accessible guide to the central theories and methods of choice theory, with examples and calculations, empirical evidence, and over 20 diagrams to support the analysis.\u003c\/p\u003e\u003cbr\u003e\u003cp\u003eExamine expected value theory, with the two envelopes problem and St. Petersburg paradox which challenge it. Understand expected utility theory and learn how to create a utility function, and assess the Ellsberg paradox, Allais paradox, and preference reversal phenomenon.\u003c\/p\u003e\u003cbr\u003e\u003cp\u003eLook at risk neutral, risk seeking and risk averse attitudes, explore original, cumulative and third generation prospect theory, and the role of risk sensitivity and loss aversion.\u003c\/p\u003e\u003cbr\u003e\u003cp\u003eEvaluate zero-sum games, minimax and maximin strategies, and see how a mixed minimax strategy can overcome game outcome cycles.\u003c\/p\u003e\u003cbr\u003e\u003cp\u003eUnderstand auction theory, with the revenue equivalence theorem for English, Dutch, and sealed bid private value auctions, and how bidders may avoid the winner's curse in common value auctions.\u003c\/p\u003e\u003cbr\u003e\u003cp\u003eExamine voting theory, with voter preferences, the median voter theorem, Condorcet winner, and Condorcet voting cycles. See how voters or government can manipulate the voting system.\u003c\/p\u003e\u003cdiv\u003e\n\u003cstrong\u003eNumber of Pages:\u003c\/strong\u003e 102\u003c\/div\u003e\u003cdiv\u003e\n\u003cstrong\u003eDimensions:\u003c\/strong\u003e 0.21 x 8 x 5.25 IN\u003c\/div\u003e\u003cdiv\u003e\n\u003cstrong\u003ePublication Date:\u003c\/strong\u003e January 24, 2014\u003c\/div\u003e","brand":"Books by splitShops","offers":[{"title":"Default Title","offer_id":42731098898495,"sku":"9781495317828","price":19.82,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0105\/8226\/1823\/files\/45f1799b631ad2786a8b12ba3252cb73.webp?v=1765127717","url":"https:\/\/dhlswag.com\/products\/choice-theory-a-simple-introduction-paperback","provider":"BBB","version":"1.0","type":"link"}