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Download The Analytics of Uncertainty and Information (Cambridge Surveys of Economic Literature) ePub

by John G. Riley,Jack Hirshleifer

Download The Analytics of Uncertainty and Information (Cambridge Surveys of Economic Literature) ePub
  • ISBN 0521239567
  • ISBN13 978-0521239561
  • Language English
  • Author John G. Riley,Jack Hirshleifer
  • Publisher Cambridge University Press (September 25, 1992)
  • Pages 477
  • Formats txt doc lrf docx
  • Category Business
  • Subcategory Economics
  • Size ePub 1491 kb
  • Size Fb2 1686 kb
  • Rating: 4.7
  • Votes: 296

Recent intellectual advances in the theory of uncertainty and information are presented in this book, which unifies many important but partial results into a satisfying single picture, making it clear how the economics of uncertainty and information generalizes and extends standard economic analysis. Part 1 covers the economics of uncertainty: each person adapts to a given fixed state of knowledge by making an optimal choice among the immediate "terminal" actions available. These choices in turn determine the overall market equilibrium reflecting the social distribution of risk-bearing. In Part 2, covering the economics of information, the state of knowledge is no longer held fixed, and individuals can overcome their ignorance by "informational" actions. The text also addresses many specific topics such as insurance, the Capital Asset Pricing Model, auctions, deterrence of entry, and research and invention.

Series: Cambridge Surveys of Economic Literature. Jack Hirshleifer, John G. Riley.

Series: Cambridge Surveys of Economic Literature. Recommend to librarian. Online ISBN: 9781139167635. Economists have always recognised that human endeavours are constrained by our limited and uncertain knowledge, but only recently has an accepted theory of uncertainty and information evolved.

Jack Hirshleifer, John G. Recent intellectual advances in the theory of uncertainty and information are presented in this book, which unifies many important but partial results into a satisfying single picture, making it clear how the economics of uncertainty and information generalizes and extends standard economic analysis. These choices in turn determine the overall market equilibrium reflecting the.

This book presents these intellectual advances in readable form for the first time. It unifies many important but partial results into a satisfying single picture, making it clear how the economics of uncertainty and information generalises and extends standard economic analysis. Riley, John Pencavel. This book presents these intellectual advances in readable form for the first time.

Items related to The Analytics of Uncertainty and Information (Cambridge.

Hirshleifer, Jack; Riley, John G. The Analytics of Uncertainty and Information (Cambridge Surveys of Economic Literature). ISBN 13: 9780521283694.

There has been explosive progress in the economic theory of uncertainty and information in the past few decades. This subject is now taught not only in departments of economics but also in professional schools and programs oriented toward business, government and administration, and public policy. maybe this type of book is good for the original developers of the concepts, who had been over the concepts in their minds over and over, and who could easily fill in the gaps in calculations and understand the variables. but that's not what you do when you need to introduce the subject to people new to the concepts, that's not teaching.

by John G. Riley, Sushil Bikchandani, Jack Hirshleifer. Publisher:Cambridge University Press. There has been explosive progress in the economic theory of uncertainty and information in the past few decades. The Analytics of Uncertainty and Information by. Sushil Bikchandani, John G.

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