Decision, order and time in human affairs
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Bibliographic Information
Decision, order and time in human affairs
Cambridge University Press, 2010, c1969
2nd ed
- : pbk
- Other Title
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Decision, order & time
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Note
"First published 1961. Second edition 1969. First paperback printing 2010"--T.p. verso
Includes bibliographical references (p. 297-303) and index
Description and Table of Contents
Description
Originally published in 1969, the second edition of Professor Shackle's book has a fresh preface, an extra chapter and a number of additions to its bibliography. The extra chapter is concerned with the point at which one would decide to abandon an old policy and replace it with a new one. It is, in the words of the author, a further, rather radical development of the Stockholm sequence analysis. Professor Shackle examines how a decision can be rational only in a special sense, that of exploiting to the best present effect, on the decision-maker's state of mind, the scope afforded to imagination by what is known and by the gaps in that knowledge. The attempt made in this book to provide a theory of such decision has been called 'an existentialist economics'.
Table of Contents
- Preface to the second edition
- Preface to the first edition
- Part I. Time: 1. Decision
- 2. Imagination, expectation, anticipation
- 3. The solitary moment
- 4. Insulated dynamic schemes
- 5. Three critics
- 6. Time and decision in sum
- Part II. Uncertainty: 7. Uncertainty as probability
- 8. Professor Niehans on probability
- 9. Uncertainty as possibility
- 10. Potential surprise axiomatized
- 11. Critics of potential surprise
- 12. Uncertainty in sum
- Part III. Ascendancy: 14. A basic model
- 15. The neutral outcome
- 16. Cardinality
- 17. The cardinal potential surprise curve
- 18. The ascendancy function
- 19. Focus elements
- 20. Choice amongst actions
- 21. Critics of focus elements
- 22. Mr Egerton's theory of asset portfolios
- 23. Ascendancy in sum
- Part IV. Expectation of Change of Own Expectation: 24. Expectation of change of own expectation
- 25. The basis of change of expectations
- Part V. Some Economic Illustrations: 26. Horizon, interest and investment
- 27. A theory of the interest rate
- 28. Profit and the range of non-revision
- 29. Order and decision in economics
- Part VI. Policy, Profit and Decision: 30. Policy, profit and decision
- Bibliography
- Index.
by "Nielsen BookData"