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Description - The Finance and the Economics of Uncertainty by Gabrielle Demange

Finance and the Economics of Uncertainty explores the growing range of economic decisions that are conducted under uncertainty both on the personal level - with individual savings, insurance, portfolio choices - as well as by large firms including insurance companies, stock exchanges, and futures and derivatives assets that utilize financial tools to facilitate the exchange of risks. Presenting the basic principles and discussing them in a unified framework within elementary models, this text analyzes the allocation of risk in the context of the current literature, and emphasizes the role of information in decisions and prices. Including end-of-chapter exercises, this book provides students with a tool for understanding the theoretical analysis of decision-making under uncertainty, and its applications to the world of economics and finance.

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Book Details

ISBN: 9781405121392
ISBN-10: 1405121394
Format: Paperback
(228mm x 154mm x mm)
Pages: 288
Imprint: Blackwell Publishing Ltd
Publisher: John Wiley and Sons Ltd
Publish Date: 16-Nov-2005
Country of Publication: United Kingdom

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Author Biography - Gabrielle Demange

Gabrielle Demange is Director at EHESS (Ecole des Hautes Etudes en Sciences Sociales) and researcher at PSE (Paris-Jourdan Sciences Economiques), and is Co-Editor of the journal Economic Theory. Guy Laroque is Director of the Macroeconomic Laboratory at INSEE-CREST (Institut National de la Statistique et des Etudes Economiques-Centre de Recherche en Economie et Statistique) as well as a former Editor of Econometrica (1992-1996).

Books By Gabrielle Demange

Group Formation in Economics by Gabrielle Demange
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Finance and the Economics of Uncertainty by Gabrielle Demange
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