Tag Archives: Expected utility

Thomas Bayes and Probability

How can we assign probabilities in cases of uncertainty?  And what is the nature of probabilities, to start with?  And what is the rational mechanism for making a choice under uncertainty? Thomas Bayes lived in the eighteenth century.  Bayes’ famous … Continue reading

Posted in Probability, Rationality | Tagged , | 6 Comments

Rationality, Economics and Games

1. The “Center for Rationality” “Founded in 1991, the Hebrew University’s Center for the Study of Rationality  [at first it was simply called "Center for Rationality"] is a unique venture in which faculty, students, and guests join forces to explore the … Continue reading

Posted in Controversies and debates, Economics, Rationality | Tagged , , , , | 7 Comments