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Finance and the Economics of Uncertainty
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Finance and the Economics of Uncertainty Paperback - 2006 - 1st Edition

by Demange, Gabrielle/ Laroque, Guy

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  • Paperback

Description

Blackwell Pub, 2006. Paperback. New. 1st edition. 288 pages. 8.75x6.00x0.75 inches.
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Details

  • Title Finance and the Economics of Uncertainty
  • Author Demange, Gabrielle/ Laroque, Guy
  • Binding Paperback
  • Edition number 1st
  • Edition 1
  • Condition New
  • Pages 294
  • Volumes 1
  • Language ENG
  • Publisher Blackwell Pub, Malden, MA; Oxford, UK; and Victoria, Australia
  • Date 2006
  • Illustrated Yes
  • Features Illustrated, Index, Table of Contents
  • Bookseller's Inventory # x-1405121394
  • ISBN 9781405121392 / 1405121394
  • Weight 0.95 lbs (0.43 kg)
  • Dimensions 8.9 x 7.06 x 0.76 in (22.61 x 17.93 x 1.93 cm)
  • Library of Congress subjects Uncertainty, Finance - Mathematical models
  • Library of Congress Catalog Number 2005021158
  • Dewey Decimal Code 338.5

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From the publisher

Includes index.

From the rear cover

Economics and Finance of Uncertainty explores the growing range of economic decisions that are conducted under uncertainty both on the personal level - such as individual savings, insurance, portfolio choices - as well as by large firms, including insurance companies and stock exchanges, that utilize financial tools to facilitate the exchange of risks.

Presenting the basic principles and discussing them in a unified framework within elementary models, this text analyzes the allocation of risk in the context of the current literature, and emphasizes the role of information in decisions and prices. Including end-of-chapter exercises, this book provides students with a tool for understanding the theoretical analysis of decision-making under uncertainty, and its applications to the world of economics and finance.

About the author

Gabrielle Demange is Director at EHESS (Ecole des Hautes Etudes en Sciences Sociales) and researcher at PSE (Paris-Jourdan Sciences Economiques), and is Co-Editor of the journal Economic Theory.

Guy Laroque is Director of the Macroeconomic Laboratory at INSEE-CREST (Institut National de la Statistique et des Etudes Economiques-Centre de Recherche en Economie et Statistique) as well as a former Editor of Econometrica (1992-1996).