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Analogies and Theories: Formal Models of Reasoning

Author

Listed:
  • Gilboa, Itzhak

    (Chair of Economic Theory and Decision Theory, Tel-Aviv University; AXA Chair of Decision Sciences, HEC, Paris)

  • Samuelson, Larry

    (A. Douglas Melamed Professor of Economics, Yale University)

  • Schmeidler, David

    (Professor Emeritus, Tel-Aviv University and Ohio State University)

Abstract

The book describes formal models of reasoning that are aimed at capturing the way that economic agents, and decision makers in general think about their environment and make predictions based on their past experience. The focus is on analogies (case-based reasoning) and general theories (rule-based reasoning), and on the interaction between them, as well as between them and Bayesian reasoning. A unified approach allows one to study the dynamics of inductive reasoning in terms of the mode of reasoning that is used to generate predictions.

Suggested Citation

  • Gilboa, Itzhak & Samuelson, Larry & Schmeidler, David, 2015. "Analogies and Theories: Formal Models of Reasoning," OUP Catalogue, Oxford University Press, number 9780198738022.
    • Handle: RePEc:oxp:obooks:9780198738022
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    Cited by:

    1. Gilboa, Itzhak & Rouziou, Maria & Sibony, Olivier, 2018. "Decision theory made relevant: Between the software and the shrink," Research in Economics, Elsevier, vol. 72(2), pages 240-250.
    2. James J. Heckman & Burton Singer, 2017. "Abducting Economics," American Economic Review, American Economic Association, vol. 107(5), pages 298-302, May.

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