Download or read book Foundations of Rational Choice Under Risk written by Paul Anand and published by Oxford University Press, USA. This book was released on 1993 with total page 186 pages. Available in PDF, EPUB and Kindle. Book excerpt: Describes and evaluates a number of existing criticisms of the formal theory of rationality and subjective expected utility theory. The author argues that rationality is not a behavioural entity, but rather has to do with the relation between an agent's preferences and his or her behaviour.