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Handbook of the Economics of Risk and Uncertainty

Handbook of the Economics of Risk and Uncertainty
Author: Mark Machina
Publisher: Newnes
Total Pages: 897
Release: 2013-11-14
Genre: Business & Economics
ISBN: 0444536868

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The need to understand the theories and applications of economic and finance risk has been clear to everyone since the financial crisis, and this collection of original essays proffers broad, high-level explanations of risk and uncertainty. The economics of risk and uncertainty is unlike most branches of economics in spanning from the individual decision-maker to the market (and indeed, social decisions), and ranging from purely theoretical analysis through individual experimentation, empirical analysis, and applied and policy decisions. It also has close and sometimes conflicting relationships with theoretical and applied statistics, and psychology. The aim of this volume is to provide an overview of diverse aspects of this field, ranging from classical and foundational work through current developments. Presents coherent summaries of risk and uncertainty that inform major areas in economics and finance Divides coverage between theoretical, empirical, and experimental findings Makes the economics of risk and uncertainty accessible to scholars in fields outside economics


Handbook of the Economics of Risk and Uncertainty

Handbook of the Economics of Risk and Uncertainty
Author: Mark J. Machina
Publisher:
Total Pages:
Release: 2014
Genre:
ISBN:

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Detailed surveys examine risk and uncertainty, from classical and foundational work through current developments. Presents coherent summaries of risk and uncertainty that inform major areas in economics and finance


Risk, Uncertainty and Profit

Risk, Uncertainty and Profit
Author: Frank H. Knight
Publisher: Courier Corporation
Total Pages: 450
Release: 2012-03-09
Genre: Business & Economics
ISBN: 0486147932

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DIVThis enduring economics text provided the theoretical basis of the entrepreneurial American economy during the post-industrial era. A revolutionary work, it taught the world how to systematically distinguish between risk and uncertainty. /div


New Economics of Risk and Uncertainty

New Economics of Risk and Uncertainty
Author: Moawia Alghalith
Publisher: Nova Publishers
Total Pages: 128
Release: 2007
Genre: Business & Economics
ISBN: 9781600217456

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Presents an alternative theoretical framework that can serve as the basis for a new age of economic analysis under risk and uncertainty. This work features an endogenous theory that overcomes the major shortcomings of both the expected utility and the rank-dependent models while it possesses the merits of both.


The Economics of Risk

The Economics of Risk
Author: Donald J. Meyer
Publisher: W.E. Upjohn Institute
Total Pages: 192
Release: 2003
Genre: Business & Economics
ISBN: 0880992689

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Annotation This book contains a collection of papers that address various aspects of risk, including riskmanagement and how it is applied to decisionmaking and the impact of risk on markets


Economie de L'incertain Et de L'information

Economie de L'incertain Et de L'information
Author: Jean-Jacques Laffont
Publisher: MIT Press
Total Pages: 312
Release: 1989
Genre: Business & Economics
ISBN: 9780262121361

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The Economics of Uncertainty and Information may be used in conjunction with Loffont's Fundamentals of Economics in an advanced course in microeconomics.


Pandora's Risk

Pandora's Risk
Author: Kent Osband
Publisher: Columbia University Press
Total Pages: 306
Release: 2011
Genre: Business & Economics
ISBN: 0231151721

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Author of the acclaimed work Iceberg Risk: An Adventure in Portfolio Theory, Kent Osband argues that uncertainty is central rather than marginal to finance. Markets don't trade mainly on changes in risk. They trade on changes in beliefs about risk, and in the process, markets unite, stretch, and occasionally defy beliefs. Recognizing this truth would make a world of difference in investing. Belittling uncertainty has created a rift between financial theory and practice and within finance theory itself, misguiding regulation and stoking huge financial imbalances. Sparking a revolution in the mindset of the investment professional, Osband recasts the market as a learning machine rather than a knowledge machine. The market continually errs, corrects itself, and makes new errors. Respecting that process, without idolizing it, will promote wiser investment, trading, and regulation. With uncertainty embedded at its core, Osband's rational approach points to a finance theory worthy of twenty-first-century investing.


Maintaining Financial Stability in Times of Risk and Uncertainty

Maintaining Financial Stability in Times of Risk and Uncertainty
Author: Behl, Abhishek
Publisher: IGI Global
Total Pages: 377
Release: 2018-12-04
Genre: Business & Economics
ISBN: 1522572090

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Risks and uncertainties?market, financial, operational, social, humanitarian, environmental, and institutional?are the inherent realities of the modern world. Stock market crashes, demonetization of currency, and climate change constitute just a few examples that can adversely impact financial institutions across the globe. To mitigate these risks and avoid a financial crisis, a better understanding of how the economy responds to uncertainties is needed. Maintaining Financial Stability in Times of Risk and Uncertainty is an essential reference source that discusses how risks and uncertainties affect the financial stability and security of individuals and institutions, as well as probable solutions to mitigate risk and achieve financial resilience under uncertainty. Featuring research on topics such as financial fraud, insurance ombudsman, and Knightian uncertainty, this book is developed for researchers, academicians, policymakers, students, and scholars.


Handbook of Risk Theory

Handbook of Risk Theory
Author: Rafaela Hillerbrand
Publisher: Springer Science & Business Media
Total Pages: 1209
Release: 2012-01-12
Genre: Science
ISBN: 9400714335

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Risk has become one of the main topics in fields as diverse as engineering, medicine and economics, and it is also studied by social scientists, psychologists and legal scholars. But the topic of risk also leads to more fundamental questions such as: What is risk? What can decision theory contribute to the analysis of risk? What does the human perception of risk mean for society? How should we judge whether a risk is morally acceptable or not? Over the last couple of decades questions like these have attracted interest from philosophers and other scholars into risk theory. This handbook provides for an overview into key topics in a major new field of research. It addresses a wide range of topics, ranging from decision theory, risk perception to ethics and social implications of risk, and it also addresses specific case studies. It aims to promote communication and information among all those who are interested in theoetical issues concerning risk and uncertainty. This handbook brings together internationally leading philosophers and scholars from other disciplines who work on risk theory. The contributions are accessibly written and highly relevant to issues that are studied by risk scholars. We hope that the Handbook of Risk Theory will be a helpful starting point for all risk scholars who are interested in broadening and deepening their current perspectives.