Uncertainty in Economics: Readings and Exercises - Couverture rigide

Couverture rigide

ISBN 10 : 0122148517 ISBN 13 : 9780122148514

Editeur : Academic Press Inc, 1989

Synopsis

The First Edition, published in 1978, brought together classic and modern thinking in the economics of uncertainty and provided the first text in the area. This Second Edition includes three new articles, added material on search theory, an additional preface, and updated references. Articles, introduced with brief commentaries, are divided into three broad sections: theory of choice under uncertainty, general equilibrium models of financial institutions, and models of the effects of uncertainty on market institutions.

A propos du livre

Présentation de l'éditeur

Uncertainty in Economics: Readings and Exercises provides information pertinent to the fundamental aspects of the economics of uncertainty. This book discusses ho uncertainty affects both individual behavior and standard equilibrium theory.Organized into three parts encompassing 30 chapters, this book begins with an overview of the relevance of expected utility maximization for positive and normative theories of individual choice. This text then examines the biases in judgments, which reveal some heuristics of thinking under uncertainty. Other chapters consider the effect of restricting trade in contingent commodities to those trades that can be affected through the stock and bond markets. This book discusses as well the individual problem of sequential choice and equilibria, which are built around the notion of sequential choice. The final chapter deals with an entirely different aspect of the economics of information and reverts to the assumption that markets are perfect and costless. This book is a valuable resource for economists and students.

Détails de l'édition

• Éditeur: Academic Press Inc
• Date d'édition: 1989
• Langue: anglais
• ISBN 10: 0122148517
• ISBN 13: 9780122148514
• Reliure: Relié
• Numéro d'édition: 2
• Nombre de pages: 587
• Éditeur: Diamond Peter A., Rothschild Michael
• Coordonnées du fabricant: non disponible
• Personne responsable: Yeepin GmbH; 492000000000; sunshine12232@outlook.com; ; Alleestr.11; Kaiserslautern; Rheinland-Pfalz; 67655; Allemagne