Economic and Financial Decisions Under RiskAn 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. |
Contents
1 | 3 |
1 | 10 |
Decreasing Absolute Risk Aversion and Prudence | 16 |
1 | 22 |
Insurance Decisions | 45 |
Static Portfolio Choices | 65 |
Static Portfolio Choices in an ArrowDebreu Economy | 77 |
Consumption and Saving | 89 |
Dynamic Portfolio Management | 107 |
Other editions - View all
Economic and Financial Decisions under Risk Louis Eeckhoudt,Christian Gollier,Harris Schlesinger Limited preview - 2011 |
Economic and Financial Decisions Under Risk Louis Eeckhoudt,Christian Gollier,Harris Schlesinger No preview available - 2005 |