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Choices: An Introduction to Decision Theory Paperback – June 15, 1987

3.6 3.6 out of 5 stars 15 ratings

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Product details

  • Publisher ‏ : ‎ Univ Of Minnesota Press; First Edition (June 15, 1987)
  • Language ‏ : ‎ English
  • Paperback ‏ : ‎ 240 pages
  • ISBN-10 ‏ : ‎ 0816614407
  • ISBN-13 ‏ : ‎ 978-0816614400
  • Item Weight ‏ : ‎ 11.2 ounces
  • Dimensions ‏ : ‎ 6 x 0.6 x 9 inches
  • Customer Reviews:
    3.6 3.6 out of 5 stars 15 ratings

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Michael D. Resnik
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3.6 out of 5 stars
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Top reviews from the United States

  • Reviewed in the United States on April 26, 2019
    Excellent
  • Reviewed in the United States on February 11, 2012
    The author talks longer about the decision theory, particullary in two different context, related to the utility and the probability.
    The formalism is no hard, also we have an approach which considers the traditional questions, therefore he uses the axioms for a theory more apted to the applications. A particular attention must be related to the Arrow theorem, what is descript with many details for the proof,connecting that with the Harsanyi position.
    One person found this helpful
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  • Reviewed in the United States on April 10, 2017
    yeah the book's pretty good but decision theory sends me to sleep
  • Reviewed in the United States on October 30, 2011
    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...
  • Reviewed in the United States on November 4, 2008
    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.
    16 people found this helpful
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  • Reviewed in the United States on September 10, 2009
    A poorly written book with many logical flaws. Used it for a decision theory class and many lectures were spent fighting over the validity of the arguments in this book. There certainly are better (rational) books on decision theory.

Top reviews from other countries

  • Skriptor
    5.0 out of 5 stars Well suited for self study!
    Reviewed in Germany on May 22, 2019
    Used this as additional reading for a decision theory lecture. Suited for beginners and intermediates alike.
  • Wesley Moore
    2.0 out of 5 stars Academic text book
    Reviewed in the United Kingdom on June 7, 2017
    I suspect this book is mainly used as an academic text book supported by classes rather than an introduction for people with no knowledge of the subject. The content is theoretical (as stated in the title) however the author could have included many more real world examples. Each chapter finishes with a number of questions/exercises but there no solutions so the reader does not know if they are correct - this is bizarre.
    If you're looking for an accessible, easy to understand presentation of Decision making & theory I suggest you look elsewhere : (