Accession Number : AD0612730

Title :   THE ECONOMICS OF UNCERTAINTY II,

Corporate Author : CALIFORNIA UNIV LOS ANGELES

Personal Author(s) : Borch,Karl

Report Date : FEB 1965

Pagination or Media Count : 21

Abstract : The paper contains a general discussion of economic decisions under certainty and under uncertainty. It is demonstrated that decision rules can be derived from underlying preference orderings, which in some cases can be represented by utility functions. (Author)

Descriptors :   (*GAME THEORY, COMMERCE), (*COMMERCE, GAME THEORY), (*ECONOMICS, GAME THEORY), DECISION MAKING, THEORY, PROBABILITY, STATISTICAL DISTRIBUTIONS, GAIN

Distribution Statement : APPROVED FOR PUBLIC RELEASE