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Wise choices

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First Sentence
"Casual observations as well as controlled experiments indicate that people often make decisions that are at variance with the rational theory of choice."
478 pages
~7h 58min to read
Harvard Business School Press 1 views
ISBN
0875846777
Editions
Hardcover
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Description

In this collection - a tribute to the lifetime intellectual odyssey of Howard Raiffa, world-renowned applied mathematician - leading scholars in economics, psychology, statistics, and decision theory grapple with the perennial question of how to make wise choices. Their answers reflect the unity of the three fields Raiffa pioneered: decision analysis, game theory, and negotiation. The twenty-three papers in this collection address such topics as individual decision making under uncertainty, games of strategy in which one player's actions directly influence another's welfare, and the process of forging negotiated agreements. The contributors, including Thomas C. Schelling of the University of Maryland and Amos Tversky of Stanford, also analyze decisions regarding personal medical problems, national public policies, business investments, and international diplomacy. Whether your challenge is to craft a stock portfolio, forge a diplomatic settlement, or make your technology a standard on the Internet, this volume will help you think deeply and choose wisely.

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