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Decision theory: stories to listen to | HearLore
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Decision theory
Decision theoryBlaise Pascal published his Pensées in 1670, introducing a famous wager about the existence of God. This text marked an early moment when probability theory…
Risk aversionImagine a person standing before two choices. One offers a guaranteed fifty dollars in their hand right now. The other requires flipping a coin to decide if…
Agent (economics)An agent in economics is simply an actor who makes decisions within a model of some aspect of the economy. Every such agent solves either a well-defined or…