Foundations of Rational Choice Under Risk Solar mentally competent citizens in contemporary

mentally competent citizens in contemporary democracies

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Foundations of Rational Choice Under Risk Solar mentally competent citizens in contemporaryIn this book, Paul Anand examines the normative interpretation of Subjective Expected Utility (SEU). He tests the philosophical and logical basis for associating SEU with rational choice. Decision theorists have increasingly come to accept the experimental evidence that subjects systematically violate the axiomatic assumptions of SEU, and as a result the past decade has witnessed an explosion of mathematical models that seek to capture this behaviour.