Foundations of Rational Choice Under Risk

Paul Anand describes and evaluates many existing criticisms of the formal theory of rationality and subjective expected utility (SEU) theory. He tests the logical and philosophical basis for basing rational choice on SEU and argues that, empirically, SEU is false, and that normatively, it imposes unnecessary constraints on rational agency. He provides his own account of rational choice which is grounded in the relationship between an agent's preference and his or her behavior. In addition, he discusses some of the radical methodological changes in economics that form the basis for theoretical developments in decision theory.

Business & Money

Anand, Paul

Economics

Oxford University Press

What is human happiness and how can we promote it? These questions are central to human existence and Happiness Explained draws on scientific research from economics, psychology, and philosophy, as well as a range of other disciplines, to outline a new paradigm in which human flourishing plays a central role in the assessment of national and global progress. It shows why the traditional national income approach is limited as a measure of human wellbeing and demonstrates how the contributors to happiness, wellbeing, and quality of life can be measured and understood across the human life course. Discussing wide-ranging aspects, from parenting, decent employment, friendship, education, and health in old age, through to money, autonomy, and fairness, as well as personal strategies and governmental polices used in the pursuit of happiness, it offers a science-based understanding of human flourishing. Written by an economist involved in helping governmental organisations move 'beyond GDP', Happiness Explained shows how a wide range of factors that contribute to better and happier lives and how, together, they provide a new blueprint for the assessment of progress in terms of personal wellbeing.

Happiness Explained: What human flourishing is and what we can do to promote it

Paul Anand describes and evaluates many existing criticisms of the formal theory of rationality and subjective expected utility (SEU) theory. He tests the logical and philosophical basis for basing rational choice on SEU and argues that, empirically, SEU is false, and that normatively, it imposes unnecessary constraints on rational agency. He provides his own account of rational choice which is grounded in the relationship between an agent's preference and his or her behavior. In addition, he discusses some of the radical methodological changes in economics that form the basis for theoretical developments in decision theory.

A new generation of introductory Economics courses is emerging. These courses are now teaching economic principles using a heterodox view point – encouraging learners to see how economics is interdisciplinary and help them reflect more on the real-world issues.
Dawson’s Economics and Economic Change is the first introductory textbook to match this new way of thinking. The authors really encourage critical debate and social and ethical reflection, which are key to this approach.
The book takes a problem-based learning approach, focusing on contemporary economic issues, which is ideal for students starting out - helping them to connect economics to their way of thinking.

Economics And Economic Change

Himmelweit, Susan

Athreye, Suma

MacKintosh, Maureen

Pearson College Div

Internet Of Medical Things

R. J. Hemalatha

D. Akila

D. Balaganesh

Wiley & Sons, Incorporated, John

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Books by Anand, Paul