Cover: Decision Making Under Uncertainty: The Case of State-Dependent Preference, from Harvard University PressCover: Decision Making Under Uncertainty in E-DITION

Decision Making Under Uncertainty

The Case of State-Dependent Preference

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Product Details


$65.00 • £54.95 • €60.00

ISBN 9780674494008

Publication Date: 11/15/1985

147 pages

19 line illustrations, 4 tables


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This book presents a self-contained, comprehensive, and unified treatment of the theory of decision making under uncertainty with state-dependent preferences. The author begins by setting forth axiomatic foundations of subjective expected utility theory with state-dependent preferences. He then develops measures of risk and risk aversion for state-dependent utility functions, and shows how they can be applied to decisions involving health and life insurance. For readers who are primarily interested in an intuitive understanding of the results, the author demonstrates them both verbally and with diagrams. For more mathematically inclined readers, he presents rigorous proofs in the last section of each chapter.

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Jacket: An Inquiry into Modes of Existence: An Anthropology of the Moderns, by Bruno Latour, translated by Catherine Porter, from Harvard University Press

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In awarding Bruno Latour the 2021 Kyoto Prize for Arts and Philosophy, the Inamori Foundation said he has “revolutionized the conventional view of science” and “his philosophy re-examines ‘modernity’ based on the dualism of nature and society.” Below is an excerpt from An Inquiry into Modes of Existence: An Anthropology of the Moderns. For more than twenty years, scientific and technological controversies have proliferated in number and scope, eventually reaching the climate itself. Since geologists are beginning to use the term “Anthropocene” to designate the era of Earth’s history that follows the Holocene