Handbook of the Economics of Risk and Uncertainty

Handbook of the Economics of Risk and Uncertainty PDF Author: Mark Machina
Publisher: Newnes
ISBN: 0444536868
Category : Business & Economics
Languages : en
Pages : 897

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Book Description
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

Handbook of the Economics of Risk and Uncertainty

Handbook of the Economics of Risk and Uncertainty PDF Author: Mark Machina
Publisher: Newnes
ISBN: 0444536868
Category : Business & Economics
Languages : en
Pages : 897

Get Book Here

Book Description
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

Uncertainty Aversion

Uncertainty Aversion PDF Author: Larry G. Epstein
Publisher:
ISBN:
Category : Uncertainty
Languages : en
Pages : 62

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Book Description


Uncertainty in Economic Theory

Uncertainty in Economic Theory PDF Author: Itzhak Gilboa
Publisher: Psychology Press
ISBN: 9780415324946
Category : Business & Economics
Languages : en
Pages : 584

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Book Description
"This is the first collection to include chapters on this topic, and it can thus serve as an introduction to researchers who are new to the field as well as a graduate course textbook. With this goal in mind, the book contains survey introductions that are aimed at a graduate level student, and help explain the main ideas, and put them in perspective."--BOOK JACKET.

The Oxford Handbook of Behavioral Economics and the Law

The Oxford Handbook of Behavioral Economics and the Law PDF Author: Eyal Zamir
Publisher: Oxford Handbooks
ISBN: 0199945470
Category : Business & Economics
Languages : en
Pages : 841

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Book Description
'The Oxford Handbook of Behavioral Economics and Law' brings together leading scholars of law, psychology, and economics to provide an up-to-date and comprehensive analysis of this field of research, including its strengths and limitations as well as a forecast of its future development. Its twenty-nine chapters are organized into four parts.

Risk, Uncertainty and Profit

Risk, Uncertainty and Profit PDF Author: Frank H. Knight
Publisher: Cosimo, Inc.
ISBN: 1602060053
Category : Business & Economics
Languages : en
Pages : 401

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Book Description
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.

Individual Choice Under Certainty and Uncertainty

Individual Choice Under Certainty and Uncertainty PDF Author: Kenneth Joseph Arrow
Publisher: Harvard University Press
ISBN: 9780674137622
Category : Business & Economics
Languages : en
Pages : 292

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Book Description
The third volume of Arrow's Collected Papers concerns the basic concept of rationality as it applies to an economic decision maker. In particular, it addresses the problem of choice faced by consumers in a multicommodity world and presents specific models of choice useful in economic analysis. It also discusses choice models under uncertainty.

The Wiley Blackwell Handbook of Judgment and Decision Making, 2 Volume Set

The Wiley Blackwell Handbook of Judgment and Decision Making, 2 Volume Set PDF Author: Gideon Keren
Publisher: John Wiley & Sons
ISBN: 1118468392
Category : Psychology
Languages : en
Pages : 1056

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Book Description
A comprehensive, up-to-date examination of the most important theory, concepts, methodological approaches, and applications in the burgeoning field of judgment and decision making (JDM) Emphasizes the growth of JDM applications with chapters devoted to medical decision making, decision making and the law, consumer behavior, and more Addresses controversial topics from multiple perspectives – such as choice from description versus choice from experience – and contrasts between empirical methodologies employed in behavioral economics and psychology Brings together a multi-disciplinary group of contributors from across the social sciences, including psychology, economics, marketing, finance, public policy, sociology, and philosophy 2 Volumes

Risk Aversion in Experiments

Risk Aversion in Experiments PDF Author: G.W. Harrison
Publisher: Emerald Group Publishing
ISBN: 0762313846
Category : Business & Economics
Languages : en
Pages : 449

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Book Description
Presents research utilizing laboratory experimental methods in economics.

Cognitive Errors and Diagnostic Mistakes

Cognitive Errors and Diagnostic Mistakes PDF Author: Jonathan Howard
Publisher: Springer
ISBN: 3319932241
Category : Medical
Languages : en
Pages : 589

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Book Description
This case-based book illustrates and explores common cognitive biases and their consequences in the practice of medicine. The book begins with an introduction that explains the concept of cognitive errors and their importance in clinical medicine and current controversies within healthcare. The core of the book features chapters dedicated to particular cognitive biases; cases are presented and followed by a discussion of the clinician's rationale and an overview of the particular cognitive bias. Engaging and easy to read, this text provides strategies on minimizing cognitive errors in various medical and professional settings.

Prospect Theory

Prospect Theory PDF Author: Peter P. Wakker
Publisher: Cambridge University Press
ISBN: 1139489100
Category : Business & Economics
Languages : en
Pages : 519

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Book Description
Prospect Theory: For Risk and Ambiguity, provides a comprehensive and accessible textbook treatment of the way decisions are made both when we have the statistical probabilities associated with uncertain future events (risk) and when we lack them (ambiguity). The book presents models, primarily prospect theory, that are both tractable and psychologically realistic. A method of presentation is chosen that makes the empirical meaning of each theoretical model completely transparent. Prospect theory has many applications in a wide variety of disciplines. The material in the book has been carefully organized to allow readers to select pathways through the book relevant to their own interests. With numerous exercises and worked examples, the book is ideally suited to the needs of students taking courses in decision theory in economics, mathematics, finance, psychology, management science, health, computer science, Bayesian statistics, and engineering.