Most of the writings of Maurice Allais, 1988 Nobel Laureate in Economics have only been published in French. Thus to date, economists, management scientists and operations researchers have been severely restricted in gaining access to his work. Markets, Risk and Money presents, for the first...

A Guide to Decision-Making Under Uncertainty -- I / Concepts and Experiments in Utility Evaluation -- Different Experimental Procedures for Obtaining Valuations of Risky Actions: Implications for Utility Theory -- Investigating Utility and Value Functions with an “Assessment Cube” --...

Overview -- Introductory Chapter -- Problems in Behavior under Risk : Individual vs. Group Decision Making -- I / Multicriteria Decision Making and Social Choice -- Risky Buying of Huge Quantities Under Time Pressure and Partial Information -- Main Sources of Inaccurate Determination,...

Maurice Allais is know for the 1952 "Allais paradox," but other very important parts of his work remain virtually unknown to most economists. As Paul Samuelson (1983) wrote, "Had Allais' earliest writings been in English, a whole generation of economic theory would have taken a different...

[fre] Le prix du risque est une notion parfois perçue comme vague. Pourtant, il s'agit d'un concept très précis, développé depuis un quart de siècle par la théorie de la décision rationnelle, comme le rappelle cet article de synthèse. La théorie économique de la valeur comme la...

Beliefs, Interactions and Preferences in Decision Making mixes a selection of papers, presented at the Eighth Foundations and Applications of Utility and Risk Theory (`FUR VIII') conference in Mons, Belgium, together with a few solicited papers from well-known authors in the field. This book...

Models and Experiments in Risk and Rationality presents original contributions to the areas of individual choice, experimental economics, operations and analysis, multiple criteria decision making, market uncertainty, game theory and social choice. The papers, which were presented at the FUR VI...

This book tries to sort out the different meanings of uncertainty and to discover their foundations. It shows that uncertainty can be represented using various tools and mental guidelines. Coverage also examines alternative ways to deal with risk and risk attitude concepts. Behavior under...