Fundamental uncertainty
Subtitle: rationality and plausible reasoning
By: edited by Silva Marzetti Dall'Aste Brandolini and Roberto Scazzieri
Contributors: Palgrave Connect (Online service)
Publisher: Palgrave Macmillan
Published: 2011
Place of publication: Basingstoke, Hampshire; New York
Language: eng
Format: [electronic resource] :
Number of pages: 348
ISBN-13: 9780230305687; 9780230594272
Subjects: Econometric models; Uncertainty; Decision-Making & Problem Solving; Decision making; Rationalism; Rational expectations (Economic theory); Reasoning; BUSINESS & ECONOMICS; Practical reason
Description: The subject of decision theory under non-standard uncertainty has become increasingly pertinent in many disciplines today. This volume provides a comprehensive assessment of the concepts and theories developed to deal with situations in which standard tools of decision theory cannot be used. It moves beyond the classical distinction between risk and uncertainty, and suggests that most problems involving strategic choices in the face of severe uncertainty involve a conceptual and methodological shift addressing the interface between quantitative and qualitative assessment. The volume takes an interdisciplinary approach and provides a coherent framework to explore fundamental uncertainty from the point of view of an extended conception of rationality. It examines topics, such as, rationality and commitment, weight of argument and probability structures, similarity theory, reasoning with natural languages, economic decisions and moral judgement in view of uncertain outcomes. This book is indispensable reading for all interested in behavioural economics and decision-making theory.

"This volume addresses the subject of uncertainty from the point of view of an extended conception of rationality. In particular, the contributions explore the premises and implications of plausible reasoning when probabilities are non-measurable or unknown, and when the space of possible events is only partially identified."--Publisher description.
Notes: Includes bibliographical references and indexes.

Description based on print version record.
Table of contents: title: Fundamental Uncertainty and Plausible Reasoning: Introduction; S. Marzetti & R. Scazzieri; title: Logic, Empiricism and Probability Structures; H. Kyburg; title: The Weight of Argument; I. Levi; title: Inductive Intuition; V. Fano; title: A Theory of Similarity and Uncertainty; R. Scazzieri; title: Generalized Theory of Uncertainty: Principal Concepts and Ideas; L. Zadeh; title: The Weight of Argument and Economic Decisions; A. Vercelli; title: The Relevance Quotient and Probabilistic Equilibrium; D. Costantini & U. Garibaldi; title: Non Self-Averaging Phenomena in Macroeconomics: Neglected Sources of Uncertainty and Policy Ineffectiveness; M. Aoki; title: Induction and Atomic Universe: A Critical Reorientation of Keynes's Economic and Philosophical Thoughts; I. Hishiyama; title: Uncertainty and Rationality: Keynes and Modern Economics; J. Kregel & E. Nasica; title: Moral Good and Right Conduct: A General Theory of Welfare Under Fundamental Uncertainty; S. Marzetti; title: Introduction: fundamental uncertainty and plausible reasoning / Silva Marzetti Dall'Aste Brandolini and Roberto Scazzieri; title: Logic, empiricism and probability structures / Henry E. Kyburg, Jr.; title: The weight of argument / Isaac Levi; title: A critical evaluation of comparative probability / Vincenzo Fano; title: A theory of similarity and uncertainty / Roberto Scazzieri; title: Generalized theory of uncertainty: principal concepts and ideas / Lotfi A. Zadeh; title: Weight of argument and economic decisions / Alessandro Vercelli; title: The relevance quotient: Keynes and Carnap / Domenico Costantini and Ubaldo Garibaldi; title: Non self-averaging phenomena in macroeconomics: neglected sources of uncertainty and policy ineffectiveness / Masano Aoki; title: A critical reorientation of Keynes's economic and philosophical thoughts / Izumi Hishiyama; title: Uncertainty and rationality : Keynes and modern economics / John Allen Kregel and Erica Nasica; title: Moral good and right conduct: a general theory of welfare under fundamental uncertainty / Silva Marzetti Dall'Aste Brandolini.