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...Chapter decision making under uncertainty in previous lectures we considered problems which the maker does not know consequences of his choices but he is given probability each con sequence choice most economic applications such a for example game player cares only about what plays also other players play hence description include strategy proles that case order to tinthatframework wewouldn eedt o give mixed theoretical analysis moot likewise market price formed according collective actions all participants and distribution these makers hold subjective beliefs unknown aspects problem use their decisions chooses may andhemay reachthese throughacombinationof reasoning andthe knowledge past behavior this called as established by savage others some reasonable assumptions can be represented sense nds an event more likely than another if assigns higher former latter using one convert risk apply lecture i will describe program detail particular conditions consistent impose on preferences elic...