By Christian Gollier; Abstract: This book updates and advances the theory of expected utility as applied to risk analysis and financial decision. Taking into account recent advances in the economics of risk and uncertainty, equilibrium price of risk and time in an Arrow-Debreu economy; and dynamic. The Economics of Risk and Time. Christian Gollier. The MIT Press. Cambridge An Application: The Cost of Macroeconomic. Risks Conclusion
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References to this book Strategic Asset Allocation: Decision-making under scientific oof The Tempering Effect of Background Risk. Each chapter concludes with a problem set. This “Cited by” count includes citations to the following articles in Scholar. The compilation of ground-breaking papers contained economocs this collection offers a complete description of the evolution of knowledge in the economics of risk and time, from its early twentieth-century explorations to its current diversity of approaches.
Von Neumann and Morgenstern pioneered the use of expected utility theory in the s, but most utility functions used in financial management are still relatively simplistic and assume Scientific progress and irreversibility: The system can’t perform the operation now.
Empirical International Trade Daniel M.
The Economics of Risk and Time – Christian Gollier – Google Books
Bloggat om The Chritsian of Risk and Uncertainty. The Demand for Contingent Claims. The Economics of Taxation James Alm. Prefaced by an original introduction from the editor, this collection will be valuable for scholars in finance and macroeconomics, particularly those with an interest in the modeling foundations of consumer and investor decisions under uncertainty. Dispatched from eeconomics UK in 10 business days When will my order arrive?
Epstein and Stephen M. The Economics of Governance Donald Wittman.
Theories of Bollier and Banking L. The Economics of Risk and Time. Table of contents Contents: Arrow and Anthony C. Searching for the Representative Agent. Arrow and Anthony C. Verified email at tse-fr. The Equilibrium Price of Time. The papers focus first on the basic decisions under uncertainty, and then on asset pricing.
The Economics of Risk and Uncertainty
The Standard Ths Problem. Decision Making and Information. Discounting an uncertain future C Gollier Journal of public economics 85 2, The book covers these topics: Account Options Sign in.
A Hyperplane Separation Theorem. Prefaced by an original introduction from the editor, this collection will be valuable for scholars in finance and macroeconomics, particularly those with an interest in the modeling foundations of consumer and investor decisions under uncertainty.
The Economics of Risk and Uncertainty – Christian Gollier – Bok () | Bokus
They cover both classical expected utility approach and its non-expected utility generalizations, with applications to dynamic portfolio choices, insurance, risk sharing, and risk prevention. Christian Gollier and John W. Contents The Expected Utility Model. The Expected Utility Model. The Best Books of Special Topics in Dynamic Finance. Other books in this series. Read, highlight, and take notes, across web, tablet, and phone.
The book is appropriate for both students and professionals. Holt and Susan K. Product details Format Hardback pages Dimensions x x Viceira Limited preview – The Equilibrium Price of Risk and Time. Science, Isaac Ehrlich and Gary S. Risk Aversion with Background Risk.
Epstein and Stephen M. Precautionary Saving and Prudence. Aggregation of heterogeneous time preferences C Gollier, R Zeckhauser Journal of political Economy 4,