000			02144nam a2200265Ia 4500
999			_c1134 _d1134
003			DE-boiza
005			20200121094345.0
008			191008
020			_a978-0-12-170621-0
040			_cIZA
100			_aChavas, Jean-Paul _93304
245		0	_aRisk Analysis in Theory and Practice
260			_c2004 _bAcademic Press, _aCambridge, Mass.,
300			_a247 pages
340			_hD8 09
520			_aThe objective of Risk Analysis in Theory and Practice is to present this analytical framework and to illustrate how it can be used in the investigation of economic decisions under risk. In a sense, the economics of risk is a difficult subject: it involves understanding human decisions in the absence of perfect information. How do we make decisions when we do not know some of events affecting us? The complexities of our uncertain world and of how humans obtain and process information make this difficult. In spite of these difficulties, much progress has been made. First, probability theory is the corner stone of risk assessment. This allows us to measure risk in a fashion that can be communicated among decision makers or researchers. Second, risk preferences are now better understood. This provides useful insights into the economic rationality of decision making under uncertainty. Third, over the last decades, good insights have been developed about the value of information. This helps better understand the role of information in human decision making and this book provides a systematic treatment of these issues in the context of both private and public decisions under uncertainty.
650			_arisk _93820
650			_adecision theory _9679
650			_arisk measurement _96625
650			_arisk analysis _96626
650			_auncertainty _93564
650			_arisk preferences _96627
856			_uhttps://www.elsevier.com/books/risk-analysis-in-theory-and-practice/chavas/978-0-12-170621-0?campaign_source=google_ads&campaign_medium=paid_search&campaign_name=DSA_Germany_Desktop&gclid=CjwKCAiA35rxBRAWEiwADqB377ZxpzlTuyy9hrVpIoFt2ILwG7MtKaV27zvV-R0neFN11iofHNNLDRoCiygQAvD_BwE _yPublisher's website
942			_cBO _2ddc