Economic Decisions Under Uncertainty /
This book gives an overview of central issues in the theory of economic decision making under uncertainty. It makes extensive use of the location and scale parameter model that was discussed in the American Economic Review of 1987 and 1989 by Jack Meyer and the author. Among the topics treated in th...
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| Format: | eBook |
| Language: | English |
| Published: |
Heidelberg :
Physica-Verlag HD,
1989.
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| Edition: | Second edition. |
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| Online Access: | Connect to the full text of this electronic book |
| Summary: | This book gives an overview of central issues in the theory of economic decision making under uncertainty. It makes extensive use of the location and scale parameter model that was discussed in the American Economic Review of 1987 and 1989 by Jack Meyer and the author. Among the topics treated in the book are the following: A Rehabilitation of the Principle of Insufficient Reason - Psychophysical laws in risk theory - The Law of Large Numbers and expected utility - Risk aversion in intertemporal models - limited liability and decision making under risk - Theory of Speculation - Theory of Insurance and Moral Hazard. |
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| Item Description: | Electronic resource. |
| Physical Description: | 1 online resource (xviii, 359 pages) |
| ISBN: | 9783642615474 (electronic bk.) 3642615473 (electronic bk.) |