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Handbook of the Economics of Risk and Uncertainty
book

Handbook of the Economics of Risk and Uncertainty

by Mark Machina, W. Kip Viscusi
November 2013
Beginner content levelBeginner
896 pages
35h 10m
English
North Holland
Content preview from Handbook of the Economics of Risk and Uncertainty
v
1. Axiomatic Foundations of Expected Utility and Subjective Probability 1
Edi Karni
1.1 Introduction 1
1.2 Expected Utility Under Risk 6
1.3 Expected Utility Under Uncertainty and Subjective Probabilities 10
1.4 Bayesian Decision Theory and the Representation of Beliefs 23
1.5 Expected Utility Theory with Incomplete Preferences 30
1.6 Conclusion 37
Acknowledgments 37
References 38
2. Rationality and Dynamic Consistency Under Risk and Uncertainty 41
Peter J. Hammond and Horst Zank
2.1 Introduction and Outline 42
2.2 Static Rationality with Deterministic Consequences 47
2.3 Static Rationality with Risky Consequences 51
2.4 ...
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Publisher Resources

ISBN: 9780444536853