CHRISTIAN GOLLIER THE ECONOMICS OF RISK AND TIME PDF

By Christian Gollier; Abstract: This book updates and advances the theory of expected utility as applied to risk analysis and financial decision. Taking into account recent advances in the economics of risk and uncertainty, equilibrium price of risk and time in an Arrow-Debreu economy; and dynamic. The Economics of Risk and Time. Christian Gollier. The MIT Press. Cambridge An Application: The Cost of Macroeconomic. Risks Conclusion

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By using our website you agree to our use of cookies. Dispatched from the UK in 10 business days When will my order arrive? Home Contact Us Help Free delivery worldwide. Description The compilation of ground-breaking papers contained in this collection offers a complete description of the evolution of knowledge in the economics of risk and time, from its early twentieth-century explorations to its current diversity of approaches.

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The economics of risk and time /Christian Gollier. – National Library

The papers focus first on the basic decisions under uncertainty, and then on asset pricing. They cover both classical expected utility approach and its non-expected utility generalizations, with applications to dynamic portfolio choices, insurance, risk sharing, and risk prevention. Prefaced by an original introduction from the editor, this collection will be valuable for scholars in finance and macroeconomics, particularly those with an interest in the modeling foundations of consumer and investor decisions riisk uncertainty.

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The Economics of Risk and Time

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