This book demonstrates that the state-contingent approach provides the best way to think about all problems in the economics of uncertainty, including problems...

Originally published anonymously in 1844, Vestiges proved to be as controversial as its author expected. Integrating research in the burgeoning sciences of anthropology, geology, astronomy, biology, economics, and chemistry, it was the first attempt to connect the natural sciences to a history of creation. The author, whose identity was not revealed until 1884, was Robert Chambers, a leading Scottish writer and publisher. Vestiges reached a huge popular audience and was widely read by the social and intellectual elite. It sparked debate (...) about natural law, setting the stage for the controversy over Darwin's Origin. In response to the surrounding debate and criticism, Chambers published Explanations: A Sequel, in which he offered a reasoned defense of his ideas about natural law, castigating what he saw as the narrowness of specialist science. With a new introduction by James Secord, a bibliography of reviews, and a new index, this volume adds to Vestiges and Explanations Chambers's earliest works on cosmology, an essay on Darwin, and an autobiographical essay, raising important issues about the changing meanings of popular science and religion and the rise of secular ideologies in Western culture. (shrink)

We develop an algorithm that can be used to approximate a decisionmaker’s beliefs for a class of preference structures that includes, among others, α-maximin expected utility preferences, Choquet expected utility preferences, and, more generally, constant additive preferences. For both exact and statistical approximation, we demonstrate convergence in an appropriate sense to the true belief structure.

This refreshingly different discussion of laws, customs, and agencies examines the underlying political, cultural, and ethical structures that bind a society and define its character. At a time of major national unheavals, Robert R. Chambers reconsiders the nature of a best society and how it can be achieved. Human behavior is organized by means of two distinct, often opposing, types of rules, each with its own modus operandi and set of ethical principles. The conflicts of rules take on a wider, (...) more compelling dimension when they are used in mixtures, as they are in all states. To illustrate his theory, Chambers describes two model island societies. In the "status" society the rules are appropriate to people working together as a team; in the "free" society, the rules are appropriate to people who relate to one another as neighbors. He analyzes the systems and structures in each type of society and illustrates the inherent conflicts between the two types of rules when used in various combinations. Although purely theoretical, significant elements of Chambers' discussion clearly mirror current social and political difficulties facing democracies and socialist regimes. Political Theory and Societal Ethics is an important addition to the debates over the merits of different configurations of rules and of democratic versus centrally run societies. (shrink)

A beautiful gift edition of the supernatural horror cult classic that inspired H.P. Lovecraft and the HBO hit series True Detective The weird tales in this slim volume are all linked by a play, the second act of which reveals truths so terrible and beautiful that it drives all who read it to despair: The King in Yellow. These four macabre, uncanny and unsettling stories are some of the most thrilling ever written in the field of weird fiction, and since (...) their first publication in 1895 have become a cult classic, influencing many writers from the renowned master of cosmic horror H.P Lovecraft to the creators of HBO's True Detective. (shrink)

In this article, it is shown that a wide range of comparative statics results from expected utility theory can be extended to generalized expected utility models using the tools of supermodularity theory. In particular, a range of concepts of decreasing absolute risk aversion may be formulated in terms of the supermodularity properties of certainty equivalent representations of preferences.