Uncertainty in Economics: Readings and Exercises (Economic Theory, Econometrics, and Mathematical Economics)

Diamond, Peter [Editor]; Rothschild, Michael [Editor];

ISBN 10: 0122148517 / ISBN 13: 9780122148514

Edité par Academic Press, 1997

A propos de cet article

***Please Read*** 1989 PRINTING - No marks on text - My shelf location 55-B-19*.

N° de réf. du vendeur 250308010

Détails bibliographiques

• Titre: Uncertainty in Economics: Readings and Exercises (Economic Theory, Econometrics, and Mathematical Economics)
• Éditeur: Academic Press
• Date de parution: 1997
• Langue: anglais
• ISBN à 10 chiffres: 0122148517
• ISBN à 13 chiffres: 9780122148514
• Reliure: hardcover
• État de l'article: Very Good

A propos de ce titre

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.

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.