Titlebook: Economic Information, Decision, and Prediction; Selected Essays: Vol Jacob Marschak Book 1974 D. Reidel Publishing Company, Dordrecht, Holl

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Stochastic Models of Choice Behavior (1963)the objects in . in order to convey the notion that the subject will choose the reward that he prefers from any offered set. Thus, if the subject knows he will receive the reward that he chooses, presumably he will choose the reward that he would most like to possess.

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Summary, Discussion, and Conclusions,; an attempt is made to sketch some relations between their approach and the present one, It is shown in conclusion that while gambling is compatible with the four postulates, the ‘love of danger’ is not: and a property of the maximum mathematical expectation of utility is conjectured.

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https://doi.org/10.1007/978-3-7091-0123-0f norms of reasonable behavior (or possibly two or more such sets, each set being consistent internally but possibly inconsistent with other sets) is a problem in logic, not in psychology. It is a normative, not a descriptive, problem.

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Rational Behavior, Uncertain Prospects, and Measurable Utility (1950); an attempt is made to sketch some relations between their approach and the present one, It is shown in conclusion that while gambling is compatible with the four postulates, the ‘love of danger’ is not: and a property of the maximum mathematical expectation of utility is conjectured.

dowagers-hump

Why ‘should’ Statisticians and Businessmen Maximize ‘Moral Expectation’? (1951)f norms of reasonable behavior (or possibly two or more such sets, each set being consistent internally but possibly inconsistent with other sets) is a problem in logic, not in psychology. It is a normative, not a descriptive, problem.

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and social thought, superb clarity of exposition, and sensitivity to the values of earlier work and even competing traditions. They make us marvel alike at their variety, their quantity, and their quality. But they do not, even so, fully reflect Marschak‘s contributions to the development of social