Economists have always recognised that human endeavours are constrained by our limited and uncertain knowledge, but only recently has an accepted theory of uncertainty and information evolved. This theory has turned out to have surprisingly practical applications: for example in analysing stock market returns, in evaluating accident prevention measures, and in assessing patent and copyright laws. This book presents these intellectual advances in readable form for the first time. It unifies many important but partial results ...
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Economists have always recognised that human endeavours are constrained by our limited and uncertain knowledge, but only recently has an accepted theory of uncertainty and information evolved. This theory has turned out to have surprisingly practical applications: for example in analysing stock market returns, in evaluating accident prevention measures, and in assessing patent and copyright laws. This book presents these intellectual advances in readable form for the first time. It unifies many important but partial results into a satisfying single picture, making it clear how the economics of uncertainty and information generalises and extends standard economic analysis. Part One of the volume covers the economics of uncertainty: how each person adapts to a given fixed state of knowledge by making an optimal choice among the immediate 'terminal' actions available. These choices in turn determine the overall market equilibrium reflecting the social distribution of risk bearing. In Part Two, covering the economics of information, the state of knowledge is no longer held fixed. Instead, individuals can to a greater or lesser extent overcome their ignorance by 'informational' actions. The text also addresses at appropriate points many specific topics such as insurance, the Capital Asset Pricing model, auctions, deterrence of entry, and research and invention.
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Add this copy of Analytics Uncertainty Information to cart. $15.19, fair condition, Sold by Anybook rated 4.0 out of 5 stars, ships from Lincoln, UNITED KINGDOM, published 2008 by Cambridge University Press.
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This is an ex-library book and may have the usual library/used-book markings inside. This book has soft covers. In fair condition, suitable as a study copy. Please note the Image in this listing is a stock photo and may not match the covers of the actual item, 750grams, ISBN: 9780521283694.
Add this copy of The Analytics of Uncertainty and Information to cart. $39.20, good condition, Sold by Anybook rated 4.0 out of 5 stars, ships from Lincoln, UNITED KINGDOM, published 1999 by Cambridge University Press.
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This is an ex-library book and may have the usual library/used-book markings inside. This book has soft covers. Clean from markings. In good all round condition. Please note the Image in this listing is a stock photo and may not match the covers of the actual item, 850grams, ISBN: 9780521283694.
Add this copy of The Analytics of Uncertainty and Information to cart. $32.00, like new condition, Sold by T A Borden Books rated 4.0 out of 5 stars, ships from Olney, MD, UNITED STATES, published 1997 by Cambridge University Press.
Add this copy of The Analytics of Uncertainty and Information to cart. $43.13, poor condition, Sold by Anybook rated 4.0 out of 5 stars, ships from Lincoln, UNITED KINGDOM, published 1994 by Cambridge University Press.
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This is an ex-library book and may have the usual library/used-book markings inside. This book has soft covers. Clean from markings. In poor condition, suitable as a reading copy. Please note the Image in this listing is a stock photo and may not match the covers of the actual item, 750grams, ISBN: 9780521283694.
Add this copy of The Analytics of Uncertainty and Information to cart. $3.96, like new condition, Sold by ThriftBooks-Dallas rated 4.0 out of 5 stars, ships from Dallas, TX, UNITED STATES, published 1992 by Cambridge University Press.
Add this copy of The Analytics of Uncertainty and Information (Cambridge to cart. $4.00, good condition, Sold by HPB-Red rated 5.0 out of 5 stars, ships from Dallas, TX, UNITED STATES, published 1992 by Cambridge University Press.
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Good. Connecting readers with great books since 1972! Used textbooks may not include companion materials such as access codes, etc. May have some wear or writing/highlighting. We ship orders daily and Customer Service is our top priority!
Add this copy of The Analytics of Uncertainty and Information (Cambridge to cart. $5.99, very good condition, Sold by Wonder Book - Member ABAA/ILAB rated 5.0 out of 5 stars, ships from Frederick, MD, UNITED STATES, published 1992 by Cambridge University Press.
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Very Good. Very Good condition. Paperback edition. A copy that may have a few cosmetic defects. May also contain light spine creasing or a few markings such as an owner's name, short gifter's inscription or light stamp.
Add this copy of The Analytics of Uncertainty and Information (Cambridge to cart. $6.49, very good condition, Sold by Half Price Books Inc rated 4.0 out of 5 stars, ships from Dallas, TX, UNITED STATES, published 1992 by Cambridge University Press.
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Very good. Connecting readers with great books since 1972! Used books may not include companion materials, and may have some shelf wear or limited writing. We ship orders daily and Customer Service is our top priority!
Add this copy of Cambridge Surveys of Economic Literature: The Analytics to cart. $7.00, very good condition, Sold by Accounting text rated 4.0 out of 5 stars, ships from Edgewood, KY, UNITED STATES, published 1992 by Cambridge University Press.
Add this copy of The Analytics of Uncertainty and Information to cart. $25.00, good condition, Sold by BARNABY rated 5.0 out of 5 stars, ships from Oxford, OXFORDSHIRE, UNITED KINGDOM, published 1992 by Cambridge University Press.
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Good Condition. Cover is slightly bent. Contents free from notes or highlighting. Overall, a good used copy. 304 pp. Shipped Weight: Under 1 kilo. Category: Economics; Uncertainty; Decision making; Equilibrium (Economics); Information theory in economics; Risk; ISBN: 0521283698. ISBN/EAN: 9780521283694. Add. Inventory No: 231024DHAC02018.
