The Economics Of Uncertainty And Information (English And French Edition),New

The Economics Of Uncertainty And Information (English And French Edition),New

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The Economics Of Uncertainty And Information May Be Used In Conjunction With Loffont'S 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.

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Frequently Asked Questions

  • Q: What is the focus of 'The Economics of Uncertainty and Information'? A: The book focuses on the analysis of uncertainty and information in economics, covering topics like individual behavior under uncertainty, risk aversion, and the concept of perfect foresight equilibrium.
  • Q: Who is the author of this book? A: The author of 'The Economics of Uncertainty and Information' is Jean-Jacques Laffont.
  • Q: What is the format of the book? A: The book is available in hardcover format, ensuring durability and a professional presentation.
  • Q: How many pages does this book have? A: The book contains a total of 303 pages.
  • Q: When was 'The Economics of Uncertainty and Information' published? A: The book was published on March 1, 1989.
  • Q: Is this book suitable for beginners in economics? A: This book is more suitable for advanced students in microeconomics, as it may be used alongside Loffont's Fundamentals of Economics.
  • Q: Does the book include exercises or problems for practice? A: Yes, each chapter concludes with review problems and exercises to reinforce understanding of the topics discussed.
  • Q: Are there suggested readings included in the book? A: Yes, each chapter features a list of suggested readings for further exploration of the subject matter.
  • Q: What topics are covered in the first four chapters? A: The first four chapters summarize essential tools for analyzing uncertainty and information, including individual behavior under uncertainty and measures of risk.
  • Q: Does the book explore practical applications of economic theories? A: Yes, it discusses practical institutions for sharing risk, such as the stock market and insurance, making it applicable to real-world scenarios.