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Probability in Economics

By Omar Hamouda, Robin Rowley

Routledge – 1996 – 208 pages

Series: Routledge Frontiers of Political Economy

Purchasing Options:

  • Add to CartPaperback: $44.95
    978-0-415-86214-1
    December 16th 2013
  • Add to CartHardback: $210.00
    978-0-415-06712-6
    May 30th 1996

Description

Notions of probability and uncertainty have been increasingly prominant in modern economics. This book considers the philosophical and practical difficulties inherent in integrating these concepts into realistic economic situations. It outlines and evaluates the major developments, indicating where further work is needed.

This book addresses:

* probability, utility and rationality within current economic thought and practice

* concepts of ignorance and indeterminancy

* experimental economics

* econometrics, with particular reference inference and estimation.

Name: Probability in Economics (Paperback)Routledge 
Description: By Omar Hamouda, Robin Rowley. Notions of probability and uncertainty have been increasingly prominant in modern economics. This book considers the philosophical and practical difficulties inherent in integrating these concepts into realistic economic situations. It outlines and...
Categories: Economics, Economic Theory & Philosophy, Economic History