Error title
Some error text about your books and stuff.
Close

The Economics of Risk and Time

by Christian Gollier

  • ISBN: 9780262072151
  • ISBN10: 0262072157

The Economics of Risk and Time

by Christian Gollier

  • List Price: $55.00
  • Binding: Hardcover
  • Publisher: Mit Pr
  • Publish date: 06/01/2001
  • ISBN: 9780262072151
  • ISBN10: 0262072157
used Add to Cart $30.73
You save: 44%
Marketplace Item
new Add to Cart $178.25
Marketplace Item
Description: This book updates and advances the theory of expected utility as applied to risk analysis and financial decision making. Von Neumann and Morgenstern pioneered the use of expected utility theory in the 1940s, but most utility functions used in financial management are still relatively simplistic and assume a mean-variance world. Taking into account recent advances in the economics of risk and uncertainty, this book focuses on richer applications of expected utility in finance, macroeconomics, and environmental economics.

The book consists of twenty-seven chapters and is divided into eight parts. Part I sets up expected utility theory and related concepts. Part II focuses on the standard portfolio problem of choice under uncertainty involving two different assets. Part III introduces the basic hyperplane separation theorem and log-supermodular functions as technical tools for solving various decision-making problems under uncertainty. Part IV analyzes choice involving multiple risks. Part V treats the Arrow-Debreu portfolio problem, while Part Vl deals with consumption and saving. Part VII builds on the previous material to determine the equilibrium price of risk and time in an Arrow-Debreu economy, and analyzes how risks are traded. Part VIII focuses on dynamic models of decision-making when a flow of information on future risks is expected over time.

This book is appropriate for both students and professionals. Concepts are presented intuitively as well as formally, and the theory is balanced by empirical considerations. Each chapter concludes with a problem set.

Expand description
Seller Condition Comments Price  
Seller: Ergodebooks
Location: Richmond, TX Ask seller a question
Condition: Good
Buy with confidence. Excellent Customer Service & Return policy.Ships Fast. 24*7 Customer Service.
Price:
$30.73
Comments:
Buy with confidence. Excellent Customer Service & Return policy.Ships Fast. 24*7 Customer Service.
Seller: Found Books
Location: AUSTIN, TX
Condition: Good
0262072157.
Price:
$51.75
Comments:
0262072157.
Seller: GeorgeCrossBooks
Location: Lexington, MA
Condition: Very Good
Shipping Icon
. Trade paperback, very good condition, w. ltly rubbed wraps--sme lt marks. Ltly bumped sp top. Sme lt soil, spots on p. edges. O/w cln, tight, unmarked.
Price:
$112.50
Comments:
. Trade paperback, very good condition, w. ltly rubbed wraps--sme lt marks. Ltly bumped sp top. Sme lt soil, spots on p. edges. O/w cln, tight, unmarked.
Seller: Green Apple Books and Music
Location: San Francisco, CA
Condition: Like New
Superb unmarked hardcover with flawless DJ. Green Apple Books and Music,
[...]
Price:
$174.37
Comments:
Superb unmarked hardcover with flawless DJ. Green Apple Books and Music,
[...]
Seller: GridFreed
Location: Las Vegas, NV
Condition: New
Price:
$178.25
Comments:
Seller: C9 Media
Location: Wellington, FL
Condition: New
0262072157 New Condition.
Price:
$215.82
Comments:
0262072157 New Condition.
please wait
Please Wait

Notify Me When Available

Enter your email address below,
and we'll contact you when your school adds course materials for
.
Enter your email address below, and we'll contact you when is back in stock (ISBN: ).