{"product_id":"risk-choice-and-uncertainty-george-g-szpiro-9780231194747","title":"Risk, Choice, and Uncertainty: Three Centuries of Economic Decision-Making","description":"\u003cp\u003eAt its core, economics is about making decisions. In the history of economic thought, great intellectual prowess has been exerted toward devising exquisite theories of optimal decision making in situations of constraint, risk, and scarcity. Yet not all of our choices are purely logical, and so there is a longstanding tension between those emphasizing the rational and irrational sides of human behavior. One strand develops formal models of rational utility maximizing while the other draws on what behavioral science has shown about our tendency to act irrationally. \u003c\/p\u003e\u003cp\u003e\u003c\/p\u003eIn \u003ci\u003eRisk, Choice, and Uncertainty\u003c\/i\u003e, George G. Szpiro offers a new narrative of the three-century history of the study of decision making, tracing how crucial ideas have evolved and telling the stories of the thinkers who shaped the field. Szpiro examines economics from the early days of theories spun from anecdotal evidence to the rise of a discipline built around elegant mathematics through the past half century's interest in describing how people actually behave. Considering the work of Locke, Bentham, Jevons, Walras, Friedman, Tversky and Kahneman, Thaler, and a range of other thinkers, he sheds light on the vast scope of discovery since Bernoulli first proposed a solution to the St. Petersburg Paradox. Presenting fundamental mathematical theories in easy-to-understand language, \u003ci\u003eRisk, Choice, and Uncertainty\u003c\/i\u003e is a revelatory history for readers seeking to grasp the grand sweep of economic thought.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e George G. Szpiro\u003cbr\u003e\u003cb\u003eISBN-10:\u003c\/b\u003e 0231194749\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9780231194747\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Columbia University Press\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 01\/07\/2020\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 264\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Hardcover\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 1.15lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 9.10h x 6.20w x 1.00d\u003cbr\u003e\u003cbr\u003e\u003cb\u003eReview Citation(s): \u003c\/b\u003e\u003cbr\u003e\u003ci\u003eLibrary Journal\u003c\/i\u003e 01\/01\/2020 pg. 91\u003cbr\u003e\u003ci\u003eChoice\u003c\/i\u003e 10\/01\/2020","brand":"George G. Szpiro","offers":[{"title":"Hardcover","offer_id":43992904368383,"sku":"9780231194747","price":32.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0662\/2982\/9887\/files\/img_022f571f-7dae-43c1-a6a6-d7949c1c6968.jpg?v=1683321452","url":"https:\/\/www.whiterainbookhouse.com\/products\/risk-choice-and-uncertainty-george-g-szpiro-9780231194747","provider":"WR Book House","version":"1.0","type":"link"}