Finance and the Economics of Uncertainty - Softcover
Finance and the Economics of Uncertainty explores the growing range of economic decisions that are conducted under uncertainty both on the personal level, as well as by large firms.
- Analyzes the allocation of risk in the context of the current literature, as well as emphasizes the role of information in decisions and prices.
- Includes end-of-chapter exercises that supply the necessary tools for a comprehensive understanding of the field.
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From the Back Cover:
Economics and Finance of Uncertainty explores the growing range of economic decisions that are conducted under uncertainty both on the personal level – such as individual savings, insurance, portfolio choices – as well as by large firms, including insurance companies and stock exchanges, that utilize financial tools to facilitate the exchange of risks.
About the Author:
Presenting the basic principles and discussing them in a unified framework within elementary models, this text analyzes the allocation of risk in the context of the current literature, and emphasizes the role of information in decisions and prices. Including end-of-chapter exercises, this book provides students with a tool for understanding the theoretical analysis of decision-making under uncertainty, and its applications to the world of economics and finance.
Gabrielle Demange is Director at EHESS (Ecole des Hautes Etudes en Sciences Sociales) and researcher at PSE (Paris-Jourdan Sciences Economiques), and is Co-Editor of the journal Economic Theory.
Guy Laroque is Director of the Macroeconomic Laboratory at INSEE-CREST (Institut National de la Statistique et des Etudes Economiques-Centre de Recherche en Economie et Statistique) as well as a former Editor of Econometrica (1992-1996).
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- PublisherWiley-Blackwell
- Publication date2006
- ISBN 10 1405121394
- ISBN 13 9781405121392
- BindingPaperback
- Edition number1
- Number of pages294
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