Tag Archives: Expected utility

Thomas Bayes and Probability

Posted on November 21, 2008 by

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

Posted on May 14, 2008 by

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