Chance

Course Description

Summary

What is chance? Why are some events seemingly more random than others? How do such events affect the economic world? And, what implications do chances have for the decisions that people take in their economic life and the outcomes they experience? This seminar will be concerned with these questions. It will explore certain grand theories of probabilistic thinking in economics, and will engage with alternative economic theories of people’s behavior under chance conditions. The seminar will draw upon history of statistics, philosophical discourses on probabilities, and social theories of causality to inform its economic analyses.