000 | 02235nam a2200313Ia 4500 | ||
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999 |
_c1396 _d1396 |
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003 | DE-boiza | ||
005 | 20200121093933.0 | ||
008 | 191008 | ||
020 | _a0-691-12215-6 | ||
040 | _cIZA | ||
100 |
_aEeckhoudt, Louis _93930 |
||
100 |
_a Gollier, Christian _93528 |
||
100 |
_aSchlesinger, Harris _93929 |
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245 | 0 | _aEconomic and Financial Decisions under Risk | |
260 |
_c2005 _bPrinceton University Press, _aPrinceton, NJ, |
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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 |
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650 |
_adecision theory _9679 |
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650 |
_arisk _93820 |
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650 |
_ainsurance _96622 |
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650 |
_ainvestment _93899 |
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650 |
_aportfolio management _96623 |
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650 |
_asaving _96624 |
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650 |
_ainformation _91144 |
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856 |
_uhttps://www.jstor.org/stable/j.ctvcm4j15 _yJSTOR |
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942 |
_cBO _2ddc |