Choices: An Introduction to Decision Theory [Paperback]

Michael Resnik (Author)

Product Details

• Paperback: 240 pages
• Publisher: Univ Of Minnesota Press; 1 edition (June 15, 1987)
• Language: English
• ISBN-10: 0816614407
• ISBN-13: 978-0816614400
• Product Dimensions: 9 x 6 x 0.6 inches
• Shipping Weight: 11.2 ounces (View shipping rates and policies)
• Average Customer Review: 2.8 out of 5 stars  See all reviews (4 customer reviews)
• Amazon Best Sellers Rank: #210,455 in Books (See Top 100 in Books)

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7 of 7 people found the following review helpful:

4.0 out of 5 stars Good course-accompanying textbook, November 4, 2008

By 

komkon2 - See all my reviews

This review is from: Choices: An Introduction to Decision Theory (Paperback)

On its 216 or so pages, Resnik's book covers most themes of modern decision theory: decisions under uncertainty, under risk (with separate chapters on probability theory and the concepts of utility), game theory, and social choice theory. The book is clearly written and manages a good balance between the formal (probability calculus, techniques, proofs of major theorems) and the more philosophical discussions of underlying concepts and well-known paradoxes. Each of the six, 20-40 pages long chapters is divided into sections no longer than 3,4 pages, and each section closes with exercises (solutions not provided). Given about two sessions per chapter, the book is well suited as course material for undergraduate courses in philosophy, economics or statistics. This is also how I learned to know it.

Returning to the book in preparation for an exam, I could not help to notice a few flaws. First, the book is now quite old (1987). It lacks a detailed discussion of preference relations and choice functions (e.g. Sen's conditions alpha, beta, gamma, the limit assumption), and there is also no part on backward induction in games that has become so fashionable. There are some excentricities, like that the "battle of the sexes" problem is rephrased in more "appropriate" terms, and it would be nice to have more historical background for the paradoxes (but you can easily look those up with a search engine). In the later chapters, specially the final one on social choice, the author goes through heaps of heavily formal constructions, and while earlier such constructions were carefully explained using graphics and everyday life examples, the reader is now asked in the exercises to invent his own graphs, prove important theorems etc. Condorcet's paradox on majority decisions could have used a more thorough discussion, both philosophically and theoretically (failure of transitivity, failure of Sen's condition beta). This does not make it less useful as a textbook, it only means that some chapters require more extra preparation and explanation on the part of the teacher than others.

All in all, this is a readable, reliable and concise textbook. It is written well enough that students might actually read parts of it. However, after 20 years it would be nice to have a revised, more up-to-date version.

9 of 12 people found the following review helpful:

5.0 out of 5 stars A surprising book, July 23, 2000

By 

Atheen M. Wilson "Atheen" (Mpls, MN United States) - See all my reviews
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This review is from: Choices: An Introduction to Decision Theory (Paperback)

I have to admit, this wasn't a book I thought I'd read, but I came across it in a college library, glanced through it and ultimately later decided to buy and read it. I was surprised at the odd ways that decisions are made by everyday people, and the misconceptions upon which those decisions are made. Once explained, the reality of some premises was quite clear, and I could even see where I myself had been led astray in my own decision making on more than one occasion. This is a clearly written work that even the average reader will understand and appreciate.

0 of 3 people found the following review helpful:

1.0 out of 5 stars waste of money, October 29, 2011

By 

critic - See all my reviews

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This review is from: Choices: An Introduction to Decision Theory (Paperback)

not enough description of the content of the book. I feel like cheated. the entire book is about theory. but choice is an actual action. I was expecting there can be some real-life/historical examples...