New Economics of Risk and Uncertainty
Title | New Economics of Risk and Uncertainty PDF eBook |
Author | Moawia Alghalith |
Publisher | Nova Publishers |
Pages | 128 |
Release | 2007 |
Genre | Business & Economics |
ISBN | 9781600217456 |
Presents an alternative theoretical framework that can serve as the basis for a new age of economic analysis under risk and uncertainty. This work features an endogenous theory that overcomes the major shortcomings of both the expected utility and the rank-dependent models while it possesses the merits of both.
Handbook of the Economics of Risk and Uncertainty
Title | Handbook of the Economics of Risk and Uncertainty PDF eBook |
Author | Mark Machina |
Publisher | Newnes |
Pages | 897 |
Release | 2013-11-14 |
Genre | Business & Economics |
ISBN | 0444536868 |
The need to understand the theories and applications of economic and finance risk has been clear to everyone since the financial crisis, and this collection of original essays proffers broad, high-level explanations of risk and uncertainty. The economics of risk and uncertainty is unlike most branches of economics in spanning from the individual decision-maker to the market (and indeed, social decisions), and ranging from purely theoretical analysis through individual experimentation, empirical analysis, and applied and policy decisions. It also has close and sometimes conflicting relationships with theoretical and applied statistics, and psychology. The aim of this volume is to provide an overview of diverse aspects of this field, ranging from classical and foundational work through current developments. Presents coherent summaries of risk and uncertainty that inform major areas in economics and finance Divides coverage between theoretical, empirical, and experimental findings Makes the economics of risk and uncertainty accessible to scholars in fields outside economics
Risk, Uncertainty and Profit
Title | Risk, Uncertainty and Profit PDF eBook |
Author | Frank H. Knight |
Publisher | Cosimo, Inc. |
Pages | 401 |
Release | 2006-11-01 |
Genre | Business & Economics |
ISBN | 1602060053 |
A timeless classic of economic theory that remains fascinating and pertinent today, this is Frank Knight's famous explanation of why perfect competition cannot eliminate profits, the important differences between "risk" and "uncertainty," and the vital role of the entrepreneur in profitmaking. Based on Knight's PhD dissertation, this 1921 work, balancing theory with fact to come to stunning insights, is a distinct pleasure to read. FRANK H. KNIGHT (1885-1972) is considered by some the greatest American scholar of economics of the 20th century. An economics professor at the University of Chicago from 1927 until 1955, he was one of the founders of the Chicago school of economics, which influenced Milton Friedman and George Stigler.
Risk, Choice, and Uncertainty
Title | Risk, Choice, and Uncertainty PDF eBook |
Author | George G. Szpiro |
Publisher | Columbia University Press |
Pages | 413 |
Release | 2020-01-07 |
Genre | Business & Economics |
ISBN | 0231550979 |
At its core, economics is about making decisions. In the history of economic thought, great intellectual prowess has been exerted toward devising exquisite theories of optimal decision making in situations of constraint, risk, and scarcity. Yet not all of our choices are purely logical, and so there is a longstanding tension between those emphasizing the rational and irrational sides of human behavior. One strand develops formal models of rational utility maximizing while the other draws on what behavioral science has shown about our tendency to act irrationally. In Risk, Choice, and Uncertainty, George G. Szpiro offers a new narrative of the three-century history of the study of decision making, tracing how crucial ideas have evolved and telling the stories of the thinkers who shaped the field. Szpiro examines economics from the early days of theories spun from anecdotal evidence to the rise of a discipline built around elegant mathematics through the past half century’s interest in describing how people actually behave. Considering the work of Locke, Bentham, Jevons, Walras, Friedman, Tversky and Kahneman, Thaler, and a range of other thinkers, he sheds light on the vast scope of discovery since Bernoulli first proposed a solution to the St. Petersburg Paradox. Presenting fundamental mathematical theories in easy-to-understand language, Risk, Choice, and Uncertainty is a revelatory history for readers seeking to grasp the grand sweep of economic thought.
Economie de L'incertain Et de L'information
Title | Economie de L'incertain Et de L'information PDF eBook |
Author | Jean-Jacques Laffont |
Publisher | MIT Press |
Pages | 312 |
Release | 1989 |
Genre | Business & Economics |
ISBN | 9780262121361 |
The Economics of Uncertainty and Information may be used in conjunction with Loffont's Fundamentals of Economics in an advanced course in microeconomics.
The Economics of Risk and Uncertainty
Title | The Economics of Risk and Uncertainty PDF eBook |
Author | Christian Gollier |
Publisher | Edward Elgar Publishing |
Pages | 0 |
Release | 2018 |
Genre | Risk |
ISBN | 9781786432742 |
The compilation of ground-breaking papers contained in this collection offers a complete description of the evolution of knowledge in the economics of risk and time, from its early twentieth-century explorations to its current diversity of approaches. The papers focus first on the basic decisions under uncertainty, and then on asset pricing. They cover both classical expected utility approach and its non-expected utility generalizations, with applications to dynamic portfolio choices, insurance, risk sharing, and risk prevention. Prefaced by an original introduction from the editor, this collection 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.
Risk, Uncertainty and Profit
Title | Risk, Uncertainty and Profit PDF eBook |
Author | Frank H. Knight |
Publisher | Courier Corporation |
Pages | 450 |
Release | 2012-03-09 |
Genre | Business & Economics |
ISBN | 0486147932 |
DIVThis enduring economics text provided the theoretical basis of the entrepreneurial American economy during the post-industrial era. A revolutionary work, it taught the world how to systematically distinguish between risk and uncertainty. /div