Microeconomics of Risk and Information

AvRICHARD WATT

Inbunden, Engelska, 2011

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Beskrivning

The Microeconomics of Risk and Information covers the principal areas in the field, including risk aversion, simple portfolio theory, precautionary savings, production under risk, risk sharing in the Edgeworth box, adverse selection and moral hazard. Keeping to a strict two-dimensional environment and using only some basic calculus, this textbook is written principally for students of advanced undergraduate and beginning graduate courses in economics, finance, and other fields, who have studied microeconomics at the intermediate level. Compact and clear, the book reflects the author's twenty-year experience teaching the course in the one-semester format to students around the world.

Produktinformation

Utgivningsdatum:2011-05-11
Mått:156 x 234 x 17 mm
Vikt:508 g
Format:Inbunden
Språk:Engelska
Antal sidor:240
Förlag:Bloomsbury Publishing PLC
ISBN:9780230280793

Utforska kategorier

Mikroekonomi inom Ekonomi och Ledarskap

Mer om författaren

RICHARD WATT is Associate Professor of Economics in the Department of Economics and Finance at the University of Canterbury, New Zealand.

Recensioner i media

This book aims to provide a one-semester course in the microeconomics of risk and information for, it seems, final-year undergraduate economics or finance students. It is structured very simply and appealingly, going from chapters on risk, preferences and risk aversion through a chapter on four applications to concluding chapters on adverse selection and moral hazard, the ‘information’ part of the course.

Innehållsförteckning

IntroductionI INDIVIDUAL DECISION MAKING UNDER RISKRisk and preferencesRisk aversionApplicationsII RISK SHARING ENVIRONMENTSPerfect informationAdverse selectionMoral hazardAPPENDICESMathematical toolkitA primer on consumer theory.