Handbook Of The Economics Of Risk And Uncertainty

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    Handbook of the Economics of Risk and Uncertainty
    By: Machina, Mark; Viscusi, W. Kip
    Publisher:
    North Holland
    Print ISBN: 9780444536853, 044453685X
    eText ISBN: 9780444536853, 9780444536860, 0444536868
    Pages: 896
    Format: PDF
    Available from $ 149.95 USD
    SKU 9780444536853
    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
     

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