Analogies and Theories

Formal Models of Reasoning

Business & Finance, Economics, Econometrics, Finance & Investing, Finance
Cover of the book Analogies and Theories by Itzhak Gilboa, Larry Samuelson, David Schmeidler, OUP Oxford
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Author: Itzhak Gilboa, Larry Samuelson, David Schmeidler ISBN: 9780191057892
Publisher: OUP Oxford Publication: May 14, 2015
Imprint: OUP Oxford Language: English
Author: Itzhak Gilboa, Larry Samuelson, David Schmeidler
ISBN: 9780191057892
Publisher: OUP Oxford
Publication: May 14, 2015
Imprint: OUP Oxford
Language: English

The book describes formal models of reasoning that are aimed at capturing the way that economic agents, and decision makers in general think about their environment and make predictions based on their past experience. The focus is on analogies (case-based reasoning) and general theories (rule-based reasoning), and on the interaction between them, as well as between them and Bayesian reasoning. A unified approach allows one to study the dynamics of inductive reasoning in terms of the mode of reasoning that is used to generate predictions.

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The book describes formal models of reasoning that are aimed at capturing the way that economic agents, and decision makers in general think about their environment and make predictions based on their past experience. The focus is on analogies (case-based reasoning) and general theories (rule-based reasoning), and on the interaction between them, as well as between them and Bayesian reasoning. A unified approach allows one to study the dynamics of inductive reasoning in terms of the mode of reasoning that is used to generate predictions.

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