Microeconomic Theory

by Larry Samuelson

Book Overview

It is often said that everyone understands precisely what is meant by the notion of probability-except those who have spent their lives studying the matter. Upon close scrutiny, the intuitively obvious idea of probability becomes quite elusive. Is it a subjective or objective concept? Are random variables simply improperly measured deterministic variables, or inherently random? What is meant by the phrase "other things held constant" that often appears...

• Format: Paperback
• Language: English
• ISBN: 940108372X
• ISBN13: 9789401083720
• Release Date: November 2011
• Publisher: Springer
• Length: 278 Pages
• Weight: 0.93 lbs.
• Dimensions: 0.6" x 6.1" x 9.2"