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Synopsis
This book presents intellectual advances in the theory of uncertainty and information, unifying many important but partial results into a satisfying single picture.
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Product Description
The Analytics of Uncertainty and Information (Cambridge Surveys of Economic Literature)
Review
'The book is written in a refreshing style, it is easy to read, and it contains many examples and discussions ... the resulting uncertainty and information models are remarkably coherent and versatile.' Publication of the International Statistical Institute
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The Analytics of Uncertainty and Information
Published by
Cambridge University Press, 1992
ISBN 10: 0521283698
ISBN 13: 9780521283694
Used
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Seller: World of Books (was SecondSale), Montgomery, IL, U.S.A.
Seller rating 5 out of 5 stars
Paperback. Condition: Good. Economists have always recognised that human endeavours are constrained by our limited and uncertain knowledge, but only recently has an accepted theory of uncertainty and information evolved. This theory has turned out to have surprisingly practical applications: for example in analysing stock market returns, in evaluating accident prevention measures, and in assessing patent and copyright laws. This book presents these intellectual advances in readable form for the first time. It unifies many important but partial results into a satisfying single picture, making it clear how the economics of uncertainty and information generalises and extends standard economic analysis. Part One of the volume covers the economics of uncertainty: how each person adapts to a given fixed state of knowledge by making an optimal choice among the immediate 'terminal' actions available. These choices in turn determine the overall market equilibrium reflecting the social distribution of risk bearing. In Part Two, covering the economics of information, the state of knowledge is no longer held fixed. Instead, individuals can to a greater or lesser extent overcome their ignorance by 'informational' actions. The text also addresses at appropriate points many specific topics such as insurance, the Capital Asset Pricing model, auctions, deterrence of entry, and research and invention. Seller Inventory # 00098658125
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The Analytics of Uncertainty and Information (Cambridge Surveys of Economic Literature) (Volume 0)
Published by
Cambridge University Press, 1992
ISBN 10: 0521283698
ISBN 13: 9780521283694
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The Analytics of Uncertainty and Information (Cambridge Surveys of Economic Literature) (Volume 0)
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Cambridge University Press (edition First Edition), 1992
ISBN 10: 0521283698
ISBN 13: 9780521283694
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Perfect Paperback. Condition: Very Good. First Edition. It's a well-cared-for item that has seen limited use. The item may show minor signs of wear. All the text is legible, with all pages included. It may have slight markings and/or highlighting. Seller Inventory # 0521283698-11-1
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The Analytics of Uncertainty and Information
Published by
Cambridge University Press, 1992
ISBN 10: 0521283698
ISBN 13: 9780521283694
Used
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First Edition
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The Analytics of Uncertainty and Information (Cambridge Surveys of Economic Literature) (Volume 0)
Published by
Cambridge University Press, 1992
ISBN 10: 0521283698
ISBN 13: 9780521283694
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Unknown. Condition: Fair. No Jacket. Readable copy. Pages may have considerable notes/highlighting. ~ ThriftBooks: Read More, Spend Less. Seller Inventory # G0521283698I5N00
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The Analytics of Uncertainty and Information (Cambridge Surveys of Economic Literature) (Volume 0)
Published by
Cambridge University Press, 1992
ISBN 10: 0521283698
ISBN 13: 9780521283694
Used
Unknown
Seller: ThriftBooks-Atlanta, AUSTELL, GA, U.S.A.
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Unknown. Condition: Very Good. No Jacket. May have limited writing in cover pages. Pages are unmarked. ~ ThriftBooks: Read More, Spend Less. Seller Inventory # G0521283698I4N00
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The Analytics of Uncertainty and Information (Cambridge Surveys of Economic Literature) (Volume 0)
Published by
Cambridge University Press, 1992
ISBN 10: 0521283698
ISBN 13: 9780521283694
Used
Unknown
Seller: ThriftBooks-Atlanta, AUSTELL, GA, U.S.A.
Seller rating 5 out of 5 stars
Unknown. Condition: Good. No Jacket. Pages can have notes/highlighting. Spine may show signs of wear. ~ ThriftBooks: Read More, Spend Less. Seller Inventory # G0521283698I3N00
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The Analytics of Uncertainty and Information
Published by
Cambridge University Press, 1992
ISBN 10: 0521283698
ISBN 13: 9780521283694
Used
Paperback
Seller: World of Books Inc, Montgomery, IL, U.S.A.
Seller rating 4 out of 5 stars
Paperback. Condition: Good. Economists have always recognised that human endeavours are constrained by our limited and uncertain knowledge, but only recently has an accepted theory of uncertainty and information evolved. This theory has turned out to have surprisingly practical applications: for example in analysing stock market returns, in evaluating accident prevention measures, and in assessing patent and copyright laws. This book presents these intellectual advances in readable form for the first time. It unifies many important but partial results into a satisfying single picture, making it clear how the economics of uncertainty and information generalises and extends standard economic analysis. Part One of the volume covers the economics of uncertainty: how each person adapts to a given fixed state of knowledge by making an optimal choice among the immediate 'terminal' actions available. These choices in turn determine the overall market equilibrium reflecting the social distribution of risk bearing. In Part Two, covering the economics of information, the state of knowledge is no longer held fixed. Instead, individuals can to a greater or lesser extent overcome their ignorance by 'informational' actions. The text also addresses at appropriate points many specific topics such as insurance, the Capital Asset Pricing model, auctions, deterrence of entry, and research and invention. Seller Inventory # CIN0521283698G
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The Analytics of Uncertainty and Information (Cambridge Surveys of Economic Literature)
Published by
Cambridge University Press, 1992
ISBN 10: 0521283698
ISBN 13: 9780521283694
Used
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perfect. Condition: Good. This is a used book in good condition and may show some signs of use or wear . This is a used book in good condition and may show some signs of use or wear . Seller Inventory # mon0003194997
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Analytics Uncertainty Informtn 1ed (Cambridge Surveys of Economic Literature)
Published by
Cambridge University Press, 1992
ISBN 10: 0521283698
ISBN 13: 9780521283694
Used
Paperback
Seller: WorldofBooks, Goring-By-Sea, WS, United Kingdom
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Paperback. Condition: Very Good. The book has been read, but is in excellent condition. Pages are intact and not marred by notes or highlighting. The spine remains undamaged. Seller Inventory # GOR001877273
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