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The microeconomics of choice under risk and uncertainty Wher are we?

By: Material type: Mixed materialsMixed materialsPublication details: 2014Description: 21-40Subject(s): NLM classification:
  • 338.5
In: VIKALPAMSummary: This paper discuss some of the main attempts made by economic theory to understand how economic agents go about the business of decision making under conditions of risk and uncertainty. It also considers empirical tests of the theoretical possibilities and some of the anomalies and responses thrown up by those tests.
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Periodicals/Magazines Periodicals/Magazines SSCBS Library 39/1 Available P15407

This paper discuss some of the main attempts made by economic theory to understand how economic agents go about the business of decision making under conditions of risk and uncertainty. It also considers empirical tests of the theoretical possibilities and some of the anomalies and responses thrown up by those tests.

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