Economic and Environmental Risk and Uncertainty

. Ed(s): Nau, Robert; Gronn, Erik; Machina, Mark J.; Bergland, Olvar

ISBN 10: 0792345568 / ISBN 13: 9780792345565

Published by Kluwer Academic Publishers, 1997

About this Item

Presents some of the work on the modelling of risk and uncertainty, with applications to problems in environmental policy, economics and finance. This book contain 18 papers by economists, management scientists, and statisticians shedding light on phenomena such as the Allais and St Petersburg paradoxes and the equity premium puzzle. Editor(s): Nau, Robert; Gronn, Erik; Machina, Mark J.; Bergland, Olvar. Series: Theory and Decision Library B. Num Pages: 268 pages, biography. BIC Classification: KCA; PBW. Category: (P) Professional & Vocational; (UP) Postgraduate, Research & Scholarly; (UU) Undergraduate. Dimension: 297 x 210 x 17. Weight in Grams: 576. . 1997. Hardback. . . . . Books ship from the US and Ireland.

Seller Inventory # V9780792345565

Bibliographic Details

• Title: Economic and Environmental Risk and Uncertainty
• Publisher: Kluwer Academic Publishers
• Publication Date: 1997
• Language: English
• ISBN 10: 0792345568
• ISBN 13: 9780792345565
• Binding: Hardcover
• Condition: New

About this title

Synopsis

The 1980s and 1990s have been a period of exciting new developments in the modelling of decision-making under risk and uncertainty. Extensions of the theory of expected utility and alternative theories of `non-expected utility' have been devised to explain many puzzles and paradoxes of individual and collective choice behaviour. This volume presents some of the best recent work on the modelling of risk and uncertainty, with applications to problems in environmental policy, public health, economics and finance. Eighteen papers by distinguished economists, management scientists, and statisticians shed new light on phenomena such as the Allais and St. Petersburg paradoxes, the equity premium puzzle, the demand for insurance, the valuation of public health and safety, and environmental goods.
Audience: This work will be of interest to economists, management scientists, risk and policy analysts, and others who study risky decision-making in economic and environmental contexts.