The Economics of Uncertainty

ISBN 13: 9781598039375

The Economics of Uncertainty

 
9781598039375: The Economics of Uncertainty
View all copies of this ISBN edition:
 
 

Economies are deeply complex systems. The marketplace involves many economic actors behaving in rational and irrational ways, sustaining a dizzying array of interconnected activity. Because of the number of participants involved, the unpredictability of their actions, and the sheer variety of possible actions, some degree of economic uncertainty is inevitable.In one of the most dramatic displays of economic uncertainty in our times, a wave of toxic loans almost brought down the American financial system in 2008-2009, and with it jobs and savings. Few experts forecast this catastrophe, which stands as a lesson in the power of economic forces to defy our predictions. This event may have been exceptional, but every day we are all at the mercy of economic uncertainty in matters such as the stock market, insurance, and career and retirement planning.Uncertainty also plagues us in smaller ways. For example, everyone is familiar with rising prices, but the Internet now makes it possible for online shoppers to be charged more based on their buying history, adding a new level of unpredictability to pricing. And anytime you hire someone for a service - from roofing to dentistry - you face the principal-agent problem, in which the person hired may take unethical advantage of your lack of expertise.Indeed, these large and small risks are so pervasive that it is all too easy to conclude that nothing can be done. But economic uncertainty is like the weather: You can't stop storms from happening, but understanding how and why they happen allows you to be prepared. In the same way, economic uncertainty is beyond our control, but we're in a much better position to respond if we know what's happening and why.In 24 practical and empowering half-hour lectures, The Economics of Uncertainty takes the mystery and dread out of uncertainty, giving you the tools to deal with risk in every phase of your life.

"synopsis" may belong to another edition of this title.

Buy Used View Book
List Price: US$ 199.95
US$ 18.98

Convert currency

Shipping: US$ 3.00
Within U.S.A.

Destination, rates & speeds

Add to Basket

Top Search Results from the AbeBooks Marketplace

1.

ISBN 10: 1598039377 ISBN 13: 9781598039375
Used Quantity Available: 1
Seller:
Goodwill Industries of Central Indiana
(Indianapolis, IN, U.S.A.)
Rating
[?]

Book Description Condition: Acceptable. This is an audio book. We ship Monday-Saturday and respond to inquries within 24 hours. Seller Inventory # 3O6HNL000QKS

More information about this seller | Contact this seller

Buy Used
US$ 18.98
Convert currency

Add to Basket

Shipping: US$ 3.00
Within U.S.A.
Destination, rates & speeds

2.

Melinda Myers
Published by The Great Courses Teaching Company (2013)
ISBN 10: 1598039377 ISBN 13: 9781598039375
Used Quantity Available: 1
Seller:
Books Express
(Portsmouth, NH, U.S.A.)
Rating
[?]

Book Description The Great Courses Teaching Company, 2013. Audio CD. Condition: Good. Ships with Tracking Number! INTERNATIONAL WORLDWIDE Shipping available. May not contain Access Codes or Supplements. May be ex-library. Shipping & Handling by region. Buy with confidence, excellent customer service!. Seller Inventory # 1598039377

More information about this seller | Contact this seller

Buy Used
US$ 105.29
Convert currency

Add to Basket

Shipping: FREE
Within U.S.A.
Destination, rates & speeds