Welcome to Decision Theory Foundations!
Instructor: Marcus Pivato (Centre d'Économie de la Sorbonne).
Email: marcuspivato@gmail.com or Marcus.Pivato@univ-paris1.fr .
Classes: Thursday 17h00-20h00 (six weeks) location TBA.
Textbook: (required) Prospect theory for risk and ambiguity, by Peter Wakker (2010)
Summary: Decisions under uncertainty (expected utility, decision trees). Information, beliefs, preference aggregation.
Marking scheme: 100% Final Exam
All problems are in the textbook by Wakker.
Chapter 1
1.2.1, 1.2.2, 1.2.3, 1.2.4 and 1.2.5 (pp.16-17)
1.5.1 (p.25)
1.5.2, 1.5.3 (p.27)
1.6.4, 1.6.5 (p.29)
1.6.7, 1.6.9, 1.6.11 (pp. 30-31)
Chapter 2
2.5.6 (p.57)
2.6.2, 2.6.3, 2.6.4, 2.6.5 (p.58)
2.7.1, 2.7.2, 2.7.3 (p.65)
Chapter 3
3.3.6 (p.76)
3.4.1 (p.77)
3.5.1 (p.81)
Chapter 4
4.2.5, 4.2.6, 4.2.7, 4.2.8 (pp.102-103)
4.5.2, 4.5.3 (p.110)
4.6.2 (p.112)
4.8.1, 4.8.2 (p.115)
4.8.4, 4.8.5 (p.117)
4.11.2 (p.133)
Chapter 10
10.4.2 (p.289)
10.5.5 (p.297)
10.9.1, 10.9.2 (pp.306-307)
10.9.4 (p.308)
10.10.1 (p.309)
10.11.1 (p.310)
10.12.2,10.12.3 (p.311-312)
Chapter 11
11.2.1 (p.321)
11.4.1 (p.324)
11.9.1 (p.337)
Gilboa, Itzhak, Theory of Decision under Uncertainty. (Cambridge University Press, 2009)
Gilboa, Itzhak, Rational Choice. (MIT Press, 2010)
Peterson, Martin, An Introduction to Decision Theory, 2nd edition (Cambridge University Press, 2017)
Resnik, Michael, Choices -- An Introduction To Decision Theory (University of Minnesota Press, 1987)
Markus Knauff and Wolfgang Spohn, The Handbook of Rationality (2021, MIT Press) [FREE ONLINE]
Giacomo Bonanno Decision Making (2017) [FREE ONLINE]
Article on Decision Theory in the Stanford Encyclopaedia of Philosophy.
Article on Social Choice Theory in the Stanford Encyclopaedia of Philosophy.