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# Rational Decisions

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It is widely held that Bayesian decision theory is the final word on how a rational person should make decisions. However, Leonard Savage--the inventor of Bayesian decision theory--argued that it would be ridiculous to use his theory outside the kind of small world in which it is always possible to look before you leap. If taken seriously, this view makes Bayesian decision
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## Get A Copy

Hardcover, 200 pages

Published
January 18th 2009
by Princeton University Press
(first published January 1st 2008)

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As for real world applicability you are much better served reading Nassim Taleb or even the behavioral economists.

Nov 12, 2012
Ai Herrera huerta
is currently reading it

Creo que será un buen libro para entender las decisiones

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Professor of Economics at UCL, after holding corresponding positions at LSE and the University of Pennsylvania and Michigan. Onetime Professor of Mathematics at LSE.

Author of 77 published papers and 11 books. Research in evolutionary game theory, bargaining theory, experimental economics, political philosophy, mathematics and statistics.

Grants from National Science Foundation (3), ESRC (1), STICER ...more

Author of 77 published papers and 11 books. Research in evolutionary game theory, bargaining theory, experimental economics, political philosophy, mathematics and statistics.

Grants from National Science Foundation (3), ESRC (1), STICER ...more

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“I'm in a weird place because the book is about to come out. So I'm basically just walking around like a raw nerve and I'm not sure that I...

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