{"product_id":"choice-theory-k-h-erickson-9781495317828","title":"Choice Theory: A Simple Introduction","description":"\u003cp\u003eChoice Theory: A Simple Introduction offers an accessible guide to the central theories and methods of choice theory, with examples and calculations, empirical evidence, and over 20 diagrams to support the analysis.\u003c\/p\u003e\u003cbr\u003e\u003cp\u003eExamine expected value theory, with the two envelopes problem and St. Petersburg paradox which challenge it. Understand expected utility theory and learn how to create a utility function, and assess the Ellsberg paradox, Allais paradox, and preference reversal phenomenon.\u003c\/p\u003e\u003cbr\u003e\u003cp\u003eLook at risk neutral, risk seeking and risk averse attitudes, explore original, cumulative and third generation prospect theory, and the role of risk sensitivity and loss aversion.\u003c\/p\u003e\u003cbr\u003e\u003cp\u003eEvaluate zero-sum games, minimax and maximin strategies, and see how a mixed minimax strategy can overcome game outcome cycles.\u003c\/p\u003e\u003cbr\u003e\u003cp\u003eUnderstand auction theory, with the revenue equivalence theorem for English, Dutch, and sealed bid private value auctions, and how bidders may avoid the winner's curse in common value auctions.\u003c\/p\u003e\u003cbr\u003e\u003cp\u003eExamine voting theory, with voter preferences, the median voter theorem, Condorcet winner, and Condorcet voting cycles. See how voters or government can manipulate the voting system.\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e K. H. Erickson\u003cbr\u003e\u003cb\u003eISBN-10:\u003c\/b\u003e 149531782X\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9781495317828\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Createspace Independent Publishing Platform\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 01\/24\/2014\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 102\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Paperback\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 0.25lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 8.00h x 5.25w x 0.21d","brand":"K. H. Erickson","offers":[{"title":"Paperback","offer_id":43985867669759,"sku":"9781495317828","price":12.24,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0662\/2982\/9887\/files\/img_8363400e-09ec-4d65-8029-6c0e09d1b9a2.jpg?v=1683280011","url":"https:\/\/www.whiterainbookhouse.com\/products\/choice-theory-k-h-erickson-9781495317828","provider":"WR Book House","version":"1.0","type":"link"}