Economics/Finances The Economics of Uncertainty and Information (0262121360)

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Economics/Finances The Economics of Uncertainty and Information

Posted on 2010-03-15

Name:	Economics/Finances The Economics of Uncertainty and Information
ASIN/ISBN:	0262121360
Language:	English
File size:	1.77 Mb
Publisher:	The MIT Press
ISBN:	0262121360
Publish Date:	edition 1989
File Type:	CHM
Pages:	303 pages
File Size:	1,77 mb

Economics/Finances The Economics of Uncertainty and Information

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The Economics of Uncertainty and Information

The Economics of Uncertainty and Information may be used in conjunction with Loffont's Fundamentals of Economics in an advanced course in microeconomics. Both texts provide a thorough account of modern thinking on the subject and a wealth of carefully chosen examples and problems.

The first four chapters of The Economics of Uncertainty and Information summarize the essential tools of the analysis of uncertainty and information: the theory of individual behavior under uncertainty, the measures of risk aversion and the measures of risk, and the notions of certainty equivalence and information structure. Subsequent chapters introduce the theory of contingent markets, model systems of incomplete markets and define the concept of a perfect foresight equilibrium, cover two fundamental institutions for sharing risk - the stock market and insurance, show how the transmission of information by prices renders information structures endogenous, and study personalized exchange with asymmetric information.

Each chapter concludes with a list of suggested readings and with auxiliary sections which go into more detail about certain aspects of the subject. The book concludes with review problems and exercises.

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	Technical Uncertainty and Information : Foundations of Generalized Information Theory Author: George J. KlirPublisher: Wiley-IntersciencePublish Date: 25 November, 2005ISBN: 0471748676
	Nonfiction Uncertainty and Information Foundations of Generalized Information Theory
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	Technical Uncertainty and Information Foundations of Generalized Information Theory Deal with information and uncertainty properly and efficiently using tools emerging from generalized information theoryUncertainty and Information: Foundations of Generalized Information Theory contains comprehensive and up-to-date coverage ...
	Mathematics Uncertainty and Information: Foundations of Generalized Information Theory Author: George J. KlirPublisher: Wiley-IEEE Press (2005)Binding: Hardcover, 499 pagespricer: $105.95ISBN-10: 0471748676editorialreviewsDeal with information and uncertainty properly and efficiently using tools emerging from generalized info ...

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