by prof.Robert Nau,Duke University
This seminar deals with the foundations and applications of the theory of rational choice, including expected and non-expected utility theory, competitive equilibrium theory, noncooperative game theory, and arbitrage theory. It will survey the classic literature in the field; dissect a variety of paradoxes, puzzles and pathologies; and discuss recent advances and controversies. It will also suggest some new directions for choice-theoretic research that involve a synthesis of ideas from competing paradigms.