Suchergebnisse

A continuous-outcome expected utility model is presented that generalizes the expected utility theory of Bueno de Mesquita. An examination of the more general model uncovers several unstated assumptions within and produces new conclusions from, while supporting the basic logic of, the expected utility theory. Among the new conclusions is the finding that nations shifting their level of acceptable outcomes to a conflict upward or downward after fighting starts is perfectly consistent with a rational model. The derivations demonstrate the value of theoretical articulation, a task too often neglected in quantitative international relations, and provide a sound logical basis for the construction of systemic theories based upon the expected utility theory.

The main purpose of the Handbook of Utility Theory is to make more widely available some recent developments in the area. The editors selected a list of topics that seemed ripe enough to be covered by review articles. Then they invited contributions from researchers whose expert work had come to their attention. So the list of topics and contributors is largely the editors' responsibility. Each contributor's chapter has been refereed, and revised according to the referees' remarks. Whereas Volume I of the Handbook of Utility Theory is largely concentrated on basic theory, the present volume is concerned with extensions and applications to other branches of economic theory. Taken together, these first two volumes contain all the purely theoretical material that the editors planned to cover. The chapters on experimental and empirical research on utility and the chapters on the history of utility theory will appear in Volume III

"Serial T-138/62." ; "20 July 1962." ; Office of Naval Research, contract ; Mode of access: Internet. ; 2