ECON 281 Normative Decision Theory and Social Choice

Normative principles of behavior, especially in single-person decision trees. Objective and subjective expected utility. Savage, Anscombe-Aumann, and consequentialist axioms. State dependence. Multi-person extensions: social choice, ethics, opinion pooling, and rationalizability in non-cooperative games. Prerequisite: 202 or equivalent. (not given this year)

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