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Monday, May 4, 2020 | History

6 edition of economics of uncertainty found in the catalog.

economics of uncertainty

C. J. McKenna

economics of uncertainty

by C. J. McKenna

  • 38 Want to read
  • 40 Currently reading

Published by Oxford University Press in New York .
Written in English

    Subjects:
  • Uncertainty,
  • Decision making,
  • Microeconomics

  • Edition Notes

    StatementC.J. McKenna.
    Classifications
    LC ClassificationsHB615 .M38 1986
    The Physical Object
    Paginationxiv, 129 p. ;
    Number of Pages129
    ID Numbers
    Open LibraryOL2317051M
    ISBN 100195205251
    LC Control Number86198284

    In this book the author develops a new approach to uncertainty in economics, which calls for a fundamental change in the methodology of economics. It provides a comprehensive overview and critical appraisal of the economic theory of uncertainty and shows that uncertainty was originally conceptualized both as an epistemic and an ontological problem. Instead, embracing uncertainty offers a new analytical paradigm which, in this book, is applied to standard economic topics such as institutions, money, the Lucas critique, fiscal policy and asset pricing. Through applying a concise uncertainty paradigm, the book sheds new .

    Additional Physical Format: Online version: McKenna, C.J. Economics of uncertainty. Brighton, Sussex: Wheatsheaf Books, (OCoLC) Document Type. COVID Resources. Reliable information about the coronavirus (COVID) is available from the World Health Organization (current situation, international travel).Numerous and frequently-updated resource results are available from this ’s WebJunction has pulled together information and resources to assist library staff as they consider how to handle coronavirus.

    This book was awarded the 61st Nikkei Prize for Excellent Books in Economic Science by The Japan Center for Economic Research “To summarize, this book, jointly written by the two prominent economists Nishimura and Ozaki, is no doubt a monumental achievement on the economics of ambiguity and uncertainty. Unlike economics, contemporary writing in sociology tends to take uncertainty as given. Meaning and order are contested and constructed. In that context, drawing on cognitive science, narrative is an evolved human ability, fundamental to conscious thought, which facilitates constructing and communicating meaning (Roy F. Baumeister and E. J.


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Economics of uncertainty by C. J. McKenna Download PDF EPUB FB2

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The book covers the usual topics such as basic statistics and probability knowledge, the stock market, options as hedging tools, and insurance products/5. Economics and Finance of Uncertainty explores the growing range of economic decisions that are conducted under uncertainty both on the personal level – such as individual savings, insurance, portfolio choices – as well as by large firms, including insurance companies and stock exchanges, that utilize financial tools to facilitate the exchange of by: 5.

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Part I of the book focuses on the economics of uncertainty; Part II examines the economics of information. This revised and updated second edition places a greater focus on game theory. New topics include posted-price markets, mechanism design, common-value auctions, and the one-shot deviation principle for repeated by:   Uncertainty in Economics: Readings and Exercises provides information pertinent to the fundamental aspects of the economics of uncertainty.

This book discusses ho uncertainty affects both individual behavior and standard equilibrium theory. Organized into three parts encompassing 30 chapters, this book begins with an overview of the relevance of expected utility maximization for Book Edition: 1.

The first four chapters of The Economics of Uncertainty and Information summarize the essential tools of the analysis of uncertainty and information: the theory of individual behavior under uncertainty, the measures of risk aversion and the measures of risk, and the notions of certainty equivalence and information structure.

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Game theory has brought into economics an uncertainty principle similar to the one brought into physics by the quantum theory. Professor Barch's main purpose in this book is to show how one can construct realistic economic theories by taking uncertainty into account instead of dismissing s: 0.

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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 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.

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Game theory has brought into economics an uncertainty principle similar to the one brought into physics by the quantum theory.

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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.

This book documents the theoretical reconstruction of the theory of decision-making in the aftermath of this flood. It is divided into three parts and contains the key papers introducing and describing new theories of decision under risk, new theories of decision under uncertainty and new theories of dynamic decision-making.

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. The economics of uncertainty --Economic decisions under uncertainty --The Bernoulli principle --Applications of the Bernoulli principle --Portfolio selection --The Bernoulli principle --observations and experiments --Decisions with unknown probabilities --Market equilibrium under uncertainty --The two-person zero-sum game --The general two-person game --Elements of the general game theory --The.

Handbook of the Economics of Risk and Uncertainty by MARK J. MACHINA Distinguished Professor of Economics University of California, San Diego, CA, USA W.

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# The international library of critical writings in economics ;\/span> \u00A0\u00A0\u00A0 schema.Additional Physical Format: Online version: McKenna, C.J.

Economics of uncertainty. New York: Oxford University Press, (OCoLC) Document Type.