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The Economics of Uncertainty and Information may be used in conjunction with Loffonts Fundamentals of Economics in an advanced course in microeconomics. Both texts provide a thorough account of modern thinking on the subject and a wealth of carefully chosen examples and problems. 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. Subsequent chapters introduce the theory of contingent markets, model systems of incomplete markets and define the concept of a perfect foresight equilibrium, cover two fundamental institutions for sharing risk the stock market and insurance, show how the transmission of information by prices renders information structures endogenous, and study personalized exchange with asymmetric information. Each chapter concludes with a list of suggested readings and with auxiliary sections which go into more detail about certain aspects of the subject. The book concludes with review problems and exercises.
⚠️ WARNING (California Proposition 65):
This product may contain chemicals known to the State of California to cause cancer,
birth defects, or other reproductive harm.
As a student studying economics, having this book in both English and French is super helpful. The topics are well covered, but I did notice some sections are quite challenging. Still, I appreciate the effort to make it accessible for French speakers!
C
Camille Dupont
Great resource for bilingual learners
As a student studying economics, having this book in both English and French is super helpful. The topics are well covered, but I did notice some sections are quite challenging. Still, I appreciate the effort to make it accessible for French speakers!
C
Camille Dupont
Great resource for bilingual learners
As a student studying economics, having this book in both English and French is super helpful. The topics are well covered, but I did notice some sections are quite challenging. Still, I appreciate the effort to make it accessible for French speakers!
S
Sophie Martin
Fascinating insights in two languages!
I recently picked up 'The Economics of Uncertainty and Information' in both English and French, and it's been a great read. The bilingual format makes it perfect for practicing my French while diving into complex economic theories. Highly informative and thought-provoking!
S
Sophie Martin
Fascinating insights in two languages!
I recently picked up 'The Economics of Uncertainty and Information' in both English and French, and it's been a great read. The bilingual format makes it perfect for practicing my French while diving into complex economic theories. Highly informative and thought-provoking!
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⚠️ California Proposition 65 Warning: Some products sold on this website may expose you to chemicals known to the State of California to cause cancer, birth defects, or other reproductive harm. For more information, visit www.P65Warnings.ca.gov.
