Economic and Environmental Risk and Uncertainty: New Models and Methods

Robert Nau, Erik Gr?nn, Mark J. Machina, Olvar Bergland

ISBN 10: 0792345568 / ISBN 13: 9780792345565

Published by Kluwer Academic Pub, 1997

About this Item

Clean Over All With No Marks Folds Or Highlights Inside. 265 Pages With The Index. Textbook Binding.books are NOT signed. We will state signed at the description section. we confirm they are signed via email or stated in the description box. - Specializing in academic, collectiblle and historically significant, providing the utmost quality and customer service satisfaction. For any questions feel free to email us.

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Bibliographic Details

• Title: Economic and Environmental Risk and Uncertainty: New Models and Methods
• Publisher: Kluwer Academic Pub
• Publication Date: 1997
• Language: English
• ISBN 10: 0792345568
• ISBN 13: 9780792345565
• Binding: Hardcover
• Edition: 1st Edition.
• Condition: Fine
• Weight: 2 ounces
• Seller catalogs:
  • Philosophy

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.