Accession Number : AD0612356

Title :   THE ECONOMICS OF UNCERTAINTY, I.

Descriptive Note : Working paper,

Corporate Author : CALIFORNIA UNIV LOS ANGELES

Personal Author(s) : Borch,Karl

Report Date : JAN 1965

Pagination or Media Count : 17

Abstract : The paper is an introduction to a broad survey of the uncertainty element in economics. The paper leads up to a game-theoretical formulation of the problem, stressing the interdependence of the actions taken by all decision makers in the system. (Author)

Descriptors :   (*COMMERCE, GAME THEORY), (*GAME THEORY, COMMERCE), OPERATIONS RESEARCH, ECONOMICS, DECISION MAKING, DYNAMIC PROGRAMMING, COSTS

Distribution Statement : APPROVED FOR PUBLIC RELEASE