Hidden Bibliographic Details
| ISBN: | 1417537213
9781417537211
1281028223
9781281028228
9786611028220
6611028226
0080516335
9780080516332
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| Notes: | Includes bibliographical references (pages 231-235) and index.
English.
Print version record.
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| Summary: | The objective of this book is to present this analytical framework and to illustrate how it can be used in the investigation of economic decisions under risk. In a sense, the economics of risk is a difficult subject: it involves understanding human decisions in the absence of perfect information. How do we make decisions when we do not know some of events affecting us? The complexities of our uncertain world and of how humans obtain and process information make this difficult. In spite of these difficulties, much progress has been made. First, probability theory is the corner stone of risk ass.
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| Other form: | Print version: Chavas, Jean-Paul. Risk analysis in theory and practice. Amsterdam ; Boston : Elsevier/Butterworth Heinemann ; San Diego : Elsevier Academic Press, ©2004 0121706214
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