This paper seeks to survey the literature in economics, philosophy, mathematics, and statistics on the subject of choice among alternatives the consequences of which are not certain. Attention is centered on the suggested modes of describing uncertainty and on the theories of rational and actual behavior of in individuals making choices.
MLA
Arrow, Kenneth J.. “Alternative Approaches to the Theory of Choice in Risk-Taking Situations.” Econometrica, vol. 19, .no 4, Econometric Society, 1951, pp. 404-437, https://www.jstor.org/stable/1907465
Chicago
Arrow, Kenneth J.. “Alternative Approaches to the Theory of Choice in Risk-Taking Situations.” Econometrica, 19, .no 4, (Econometric Society: 1951), 404-437. https://www.jstor.org/stable/1907465
APA
Arrow, K. J. (1951). Alternative Approaches to the Theory of Choice in Risk-Taking Situations. Econometrica, 19(4), 404-437. https://www.jstor.org/stable/1907465
The Executive Committee of the Econometric Society has approved an increase in the submission fees for papers in Econometrica. Starting January 1, 2025, the fee for new submissions to Econometrica will be US$125 for regular members and US$50 for student members.
By clicking the "Accept" button or continuing to browse our site, you agree to first-party and session-only cookies being stored on your device. Cookies are used to optimize your experience and anonymously analyze website performance and traffic.
