  | Book Details Title: Risk, Choice, and Uncertainty: Three Centuries of Economic Decision-Making |
Book DescriptionReview In Risk, Choice, and Uncertainty, George Szpiro presents a remarkably readable, nonmathematical account of the theory of choice between risky alternatives. — Harry Markowitz, winner of the 1990 Nobel Prize in Economic SciencesRisk, Choice, and Uncertainty is a masterpiece of intellectual biography. In his best book to date, Szpiro’s wit and stylish writing make the history of thinking about thinking both intriguing and accessible. — Sylvia Nasar, author of Grand Pursuit: The Story of Economic GeniusEconomic theory treats humans as “utility maximizers”. But what is “utility”? 300 years ago, Daniel Bernoulli declared it as relative gain in wealth. Later it became an abstract scale for consistent preferences, but this postulated “rationality” has its own paradoxes and controversies as concerns actual behavior. George Szpiro’s sweeping historical tour de force of this topic entertains, informs and delights. — Bernhard von Stengel, Professor of Mathematics, game theorist, London School of Economics and Political ScienceRisk, Choice, and Uncertainty is a well-organized and pleasantly written account of the history of economics seen through the lens of individual decision making, ranging from expected utility to prospect theory. It will be of interest to a lay audience and curious students alike. — Maria Pia Paganelli, Trinity University Read more About the Author George Szpiro (Ph.D., mathematical economics and finance, Hebrew University) has for the past thirty years worked as correspondent of the Swiss daily Neue Zürcher Zeitung, which has a readership of 500k. He is the author of Kepler’s Conjecture (John Wiley, 2003), Numbers Rule (Princeton University Press, 2010) and Pricing the Future (Basic Books 2011), among others. Read more Customers Review:This is a great page-turner, and I learned so much, from ancient Greece all the way tobehavioral economics, explained so lucidly and engagingly. Strongly recommended to boththe general public and to experts. | |
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