Risk And Rationality
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Risk and Rationality
Author | : Lara Buchak |
Publisher | : |
Total Pages | : 273 |
Release | : 2013-11 |
Genre | : Business & Economics |
ISBN | : 0199672164 |
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Lara Buchak sets out a new account of rational decision-making in the face of risk. She argues that the orthodox view (expected utility theory) is too narrow, and suggests an alternative, more permissive theory: one that allows individuals to pay attention to the worst-case or best-case scenario, and vindicates the ordinary decision-maker.
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