Economic and Financial Decisions under Risk

Louis Eeckhoudt, Christian Gollier, Harris Schlesinger - Collection Economics / Finance

234 pages, parution le 16/03/2005

Ajouter à une liste

Indisponible

Résumé

An understanding of risk and how to deal with it is an essential part of modern economics. Whether liability litigation for pharmaceutical firms or an individual's having insufficient wealth to retire, risk is something that can be recognized, quantified, analyzed, treated-and incorporated into our decision-making processes. This book represents a concise summary of basic multiperiod decision-making under risk. Its detailed coverage of a broad range of topics is ideally suited for use in advanced undergraduate and introductory graduate courses either as a self-contained text, or the introductory chapters combined with a selection of later chapters can represent core reading in courses on macroeconomics, insurance, portfolio choice, or asset pricing.

The authors start with the fundamentals of risk measurement and risk aversion. They then apply these concepts to insurance decisions and portfolio choice in a one-period model. After examining these decisions in their one-period setting, they devote most of the book to a multiperiod context, which adds the long-term perspective most risk management analyses require. Each chapter concludes with a discussion of the relevant literature and a set of problems.

The book presents a thoroughly accessible introduction to risk, bridging the gap between the traditionally separate economics and finance literatures.

L'auteur - Louis Eeckhoudt

Louis Eeckhoudt is Professor of Economics at the Catholic Faculties of Mons (Belgium) and Lille (France) and Associate Member of the Center for Operations Research and Econometrics (CORE), Louvain-la-Neuve (Belgium).

L'auteur - Christian Gollier

Christian Gollier is Professor of Economics at the University of Toulouse and a Research Fellow for CESifo, a joint venture of the University of Munich's Center for Economic Studies (CES) and Germany's Ifo Institute. His previous book, The Economics of Risk and Time, won the prestigious Paul A. Samuelson Award.

Autres livres de Christian Gollier

Le climat après la fin du mois

Entre fin de mois et fin du monde

Finance responsable pour une société meilleure

Le climat après la fin du mois

Découvrir tous les livres de Christian Gollier

L'auteur - Harris Schlesinger

Harris Schlesinger is Professor of Finance and Samford Chair of Insurance at the University of Alabama. He also is an Adjunct Professor at the University of Konstanz and a Research Fellow for CESifo. The three authors are each a past editor of the Geneva Papers on Risk and Insurance Theory, and they have previously collaborated on papers appearing in Econometrica, the Journal of Economic Theory, Management Science, and the Journal of Public Economics.

Sommaire

Preface
Decision Theory
Risk Management
Risk Sharing
Extensions
Index

Voir tout

Replier

Caractéristiques techniques

	PAPIER
Éditeur(s)	Princeton University Press
Auteur(s)	Louis Eeckhoudt, Christian Gollier, Harris Schlesinger
Collection	Economics / Finance
Parution	16/03/2005
Nb. de pages	234
Format	15,5 x 23,5
Couverture	Broché
Poids	350g
Intérieur	Noir et Blanc
EAN13	9780691122151
ISBN13	978-0-691-12215-1