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The economics of uncertainty

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Published by E. Elgar Pub. in Cheltenham, UK, Brookfield, Vt., US .
Written in English

Subjects:

  • Uncertainty.,
  • Risk.

Book details:

Edition Notes

Includes bibliographical references and indexes.

Statementedited by John D. Hey.
SeriesThe international library of critical writings in economics ;, 73, An Elgar reference collection
ContributionsHey, John Denis.
Classifications
LC ClassificationsHB615 .E34 1997
The Physical Object
Pagination2 v. :
ID Numbers
Open LibraryOL990504M
ISBN 101858982774
LC Control Number96028857

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Uncertainty in Economics: Readings and Exercises provides information pertinent to the fundamental aspects of the economics of uncertainty. This book discusses ho uncertainty affects both individual behavior and standard equilibrium theory. Organized into three parts encompassing 30 chapters, this book begins with an overview of the relevance. The Economics of Uncertainty and Information may be used in conjunction with Loffont's Fundamentals of Economics in an advanced course in microeconomics. Both texts provide a thorough account of modern thinking on the subject and a wealth of carefully chosen examples and problems. The first four chapters of The Economics of Uncertainty and Information summarize the essential tools of the. This book is a lecture by economics professor Fullenkamp. The topics are artfully framed and centered on understanding and dealing with uncertainty. The book covers the usual topics such as basic statistics and probability knowledge, the stock market, options as hedging tools, and insurance products/5. Lecture Notes Microeconomic Theory. This lecture note covers the following topics: Modern Economics and Mathematics, Individual Decision Making, Consumer Theory, Production Theory, Choice Under Uncertainty, Strategic Behavior and Markets, Game Theory, Theory of the Market, General Equilibrium Theory and Social Welfare, Normative Theory of Equilibrium: Its Welfare Properties, Economic Core.

  Uncertainty in Economics: Readings and Exercises provides information pertinent to the fundamental aspects of the economics of uncertainty. This book discusses ho uncertainty affects both individual behavior and standard equilibrium theory. Organized into three parts encompassing 30 chapters, this book begins with an overview of the relevance Book Edition: 1.   For the history of twentieth century economics, it is also important to recognize that the economic theories built in two of the institutions that played important educational roles in the inter-war years—the University of Chicago and the London School of Economics—had Risk, Uncertainty and Profit as their foundation. Even today, in the. In this book the author develops a new approach to uncertainty in economics, which calls for a fundamental change in the methodology of economics. It provides a comprehensive overview and critical appraisal of the economic theory of uncertainty and shows that uncertainty was originally conceptualized both as an epistemic and an ontological : Springer International Publishing. The Age of Uncertainty is a book and television series about economics, co-produced by the BBC, CBC, KCET and OECA, and written and presented by Harvard economist John Kenneth Galbraith Background. Galbraith fully acknowledged the successes of the market system in economics but associated it with instability, inefficiency and social Original network: BBC, CBS, KCET, OECA.

Unlike economics, contemporary writing in sociology tends to take uncertainty as given. Meaning and order are contested and constructed. In that context, drawing on cognitive science, narrative is an evolved human ability, fundamental to conscious thought, which facilitates constructing and communicating meaning (Roy F. Baumeister and E. J.   The book asks deep, difficult questions about the theory and practice of finance and economics, and comes up with interesting answers every time. The central idea is .   The uncertainty principle in economics arises from a simple fact: we are all actors in the economy and the models we use determine how we behave. If a model is discovered to be correct, then we will change our behavior to reflect our new understanding of reality -- and when enough of us do so, the original model stops being : David K. Levine. Handbook of the Economics of Risk and Uncertainty by MARK J. MACHINA Distinguished Professor of Economics University of California, San Diego, CA, USA W. KIP VISCUSI University Distinguished Professor of Law, Economics, and Management, Vanderbilt University, USA North-Holland is Cited by: