The Economics of Risk and Uncertainty (The International Library of Critical Writings in Economics series) - Hardcover

 
9781786432742: The Economics of Risk and Uncertainty (The International Library of Critical Writings in Economics series)
Hardcover
ISBN 10: 1786432749 ISBN 13: 9781786432742
Publisher: Edward Elgar Publishing Ltd, 2018

Synopsis

This research review assesses the ground-breaking contributions to the evolution of knowledge in the economics of risk and time, from its early twentieth-century explorations to its current diversity of approaches. The analysis focuses first on the basic decisions under uncertainty, and then on asset pricing. It further discusses both classical expected utility approach and its non-expected utility generalizations, with applications to dynamic portfolio choices, insurance, risk sharing, and risk prevention. This review will be valuable for scholars in finance and macroeconomics, particularly those with an interest in the modeling foundations of consumer and investor decisions under uncertainty.

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About the Author

Edited by Christian Gollier, Toulouse School of Economics, Université de Toulouse-Capitole, France

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Publisher
Edward Elgar Publishing Ltd
Publication date
2018
Language
English
ISBN 10 
1786432749
ISBN 13 
9781786432742
Binding
Hardcover
Number of pages
896
Editor
Gollier Christian