New Economics of Risk & Uncertainty: Theory & Applications

ISBN-13: 9781612095943 / Angielski / Miękka / 2011 / 111 str.

Moawia Alghalith

Opis

Presents an alternative theoretical framework that can serve as the basis for a new age of economic analysis under risk and uncertainty. This book discusses, as another example, a definition of risk-aversion within the expected utility framework, where risk-aversion and diminishing marginal utility are not synonymous.