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New Economics of Risk & Uncertainty - Theory & Applications (Hardcover) Loot Price: R1,258
Discovery Miles 12 580
You Save: R469 (27%)
New Economics of Risk & Uncertainty - Theory & Applications (Hardcover): Moawia Alghalith
New Economics of Risk & Uncertainty - Theory & Applications (Hardcover): Moawia Alghalith

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New Economics of Risk & Uncertainty - Theory & Applications (Hardcover)

Moawia Alghalith

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List price R1,727 Loot Price R1,258 Discovery Miles 12 580 | Repayment Terms: R117 pm x 12* You Save R469 (27%)

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In this book, the author presents a completely alternative theoretical framework that can serve as the basis for a new age of economic analysis under risk and uncertainty. The new theory extends and simplifies the current and recent results. For example, he presents an endogenous theory that overcomes the major shortcomings of both the expected utility and the rank-dependent models while it possesses the merits of both. As another example, he presents a new definition of risk-aversion within the expected utility framework, where risk-aversion and diminishing marginal utility are not synonymous, and the (standard) statistical independence assumption is needless.

General

Imprint: nova science publishers
Country of origin: United States
Release date: June 2007
First published: August 2007
Authors: Moawia Alghalith
Dimensions: 180 x 260 x 14mm (L x W x T)
Format: Hardcover
Pages: 111
ISBN-13: 978-1-60021-745-6
Barcode: 9781600217456
Categories: Books > Business & Economics > Economics > Economic theory & philosophy
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LSN: 1-60021-745-1

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