Behavioural economists have developed alternatives to Expected Utility Theory as descriptive and normative models of risk preferences. One popular view is that these alternative descriptive models are generally better descriptively, but that they tend to be inferior normative models for guiding...

Contents: 1. Introduction: Useful philosophy of economics / Harold Kincaid and Don Ross -- 2. Utility measurement: Some contemporary concerns / Nathaniel T. Wilcox -- 3. Making progress on causal inference in economics / Harold Kincaid -- 4. Experimental design and bayesian interpretation /...