Finance And the Economics of Uncertainty
Editorial Reviews
Book Description
Finance and the Economics of Uncertainty explores the growing range of economic decisions that are conducted under uncertainty both on the personal level-with individual savings, insurance, portfolio choices-as well as by large firms including insurance companies, stock exchanges, and futures and derivatives assets that utilize financial tools to facilitate the exchange of risks.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.
Finance and the Economics of Uncertaintyexplores 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.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.
Finance and the Economics 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.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.
From the Author
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).
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.
Finance and the Economics of Uncertainty,Gabrielle Demange,Guy Laroque,Blackwell Publishing,1405121394,Business & Economics,Business / Economics / Finance,Business/Economics,Econometrics,Economics - Microeconomics,Finance,Mathematical models,Uncertainty,Business & Economics / Economics / General,ECONOMICS
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