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020 _a0-691-12215-6
040 _cIZA
100 _aEeckhoudt, Louis
_93930
100 _a Gollier, Christian
_93528
100 _aSchlesinger, Harris
_93929
245 0 _aEconomic and Financial Decisions under Risk
260 _c2005
_bPrinceton University Press,
_aPrinceton, NJ,
300 _a234 pages
340 _hD8 07
520 _aAn 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.
650 _adecision under uncertantiy
_93762
650 _adecision theory
_9679
650 _arisk
_93820
650 _ainsurance
_96622
650 _ainvestment
_93899
650 _aportfolio management
_96623
650 _asaving
_96624
650 _ainformation
_91144
856 _uhttps://www.jstor.org/stable/j.ctvcm4j15
_yJSTOR
942 _cBO
_2ddc