Uncertainty In Economics
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Uncertainty In Economics
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Author : Peter Diamond
language : en
Publisher: Academic Press
Release Date : 2014-05-10
Uncertainty In Economics written by Peter Diamond and has been published by Academic Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-05-10 with Business & Economics categories.
Uncertainty in Economics: Readings and Exercises provides information pertinent to the fundamental aspects of the economics of uncertainty. This book discusses ho uncertainty affects both individual behavior and standard equilibrium theory. Organized into three parts encompassing 30 chapters, this book begins with an overview of the relevance of expected utility maximization for positive and normative theories of individual choice. This text then examines the biases in judgments, which reveal some heuristics of thinking under uncertainty. Other chapters consider the effect of restricting trade in contingent commodities to those trades that can be affected through the stock and bond markets. This book discusses as well the individual problem of sequential choice and equilibria, which are built around the notion of sequential choice. The final chapter deals with an entirely different aspect of the economics of information and reverts to the assumption that markets are perfect and costless. This book is a valuable resource for economists and students.
Uncertainty In Economics And Other Reflections
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Author : G. L. S. Shackle
language : en
Publisher: Cambridge University Press
Release Date : 2010-08-26
Uncertainty In Economics And Other Reflections written by G. L. S. Shackle and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-08-26 with Business & Economics categories.
This book is a collection of some of Professor Shackle's papers written between 1939 and 1953 is largely concerned with the problems of 'expectation' and 'uncertainty' and with reducing these universal factors to some sort of plausible rules. Also included are essays on interest rates, on investment and employment, and on the philosophy of economics. This book, by one of the finest economic writers of his time, will appeal to anyone with an interest in the history of economics.
Uncertainty In Economics
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Author : George Lennox Sharman Shackle
language : en
Publisher:
Release Date : 1968
Uncertainty In Economics written by George Lennox Sharman Shackle and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1968 with Economics categories.
Uncertainty In Economics
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Author : Julia Köhn
language : en
Publisher: Springer
Release Date : 2017-07-04
Uncertainty In Economics written by Julia Köhn and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-07-04 with Business & Economics categories.
In this book the author develops a new approach to uncertainty in economics, which calls for a fundamental change in the methodology of economics. It provides a comprehensive overview and critical appraisal of the economic theory of uncertainty and shows that uncertainty was originally conceptualized both as an epistemic and an ontological problem. As a result of the economic professions’ attempt to become acknowledged as a science, the more problematic aspect of ontological uncertainty has been neglected and the subjective probability approach to uncertainty became dominant in economic theory. A careful analysis of ontological theories of uncertainty explains the blindness of modern economics to economic phenomena such as instability, slumps or excessive booms. Based on these findings the author develops a new approach that legitimizes a New Uncertainty Paradigm in economics.
Ethics And Uncertainty
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Author : William B. Greer
language : en
Publisher: Edward Elgar Publishing
Release Date : 2000-01-01
Ethics And Uncertainty written by William B. Greer and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000-01-01 with Business & Economics categories.
This study explores how two economists, who both placed "uncertainty" at the heart of their economic theories, came to drastically different and opposing policy recommendations. The volume illustrates the important lesson to be learned from Keynes and Knight.
Uncertainty And Economics
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Author : Christian Müller-Kademann
language : en
Publisher: Routledge
Release Date : 2019-01-08
Uncertainty And Economics written by Christian Müller-Kademann and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-01-08 with Business & Economics categories.
This book is set against the assumption that humans' unique feature is their infinite creativity, their ability to reflect on their deeds and to control their actions. These skills give rise to genuine uncertainty in society and hence in the economy. Here, the author sets out that uncertainty must take centre stage in all analyses of human decision making and therefore in economics. Uncertainty and Economics carefully defines a taxonomy of uncertainty and argues that it is only uncertainty in its most radical form which matters to economics. It shows that uncertainty is a powerful concept that not only helps to resolve long-standing economic puzzles but also unveils serious contradictions within current, popular economic approaches. It argues that neoclassical, real business cycle, or new-Keynesian economics must be understood as only one way to circumvent the analytical challenges posed by uncertainty. Instead, embracing uncertainty offers a new analytical paradigm which, in this book, is applied to standard economic topics such as institutions, money, the Lucas critique, fiscal policy and asset pricing. Through applying a concise uncertainty paradigm, the book sheds new light on human decision making at large. Offering policy conclusions and recommendations for further theoretical and applied research, it will be of great interest to postgraduate students, academics and policy makers.
New Economics Of Risk And Uncertainty
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Author : Moawia Alghalith
language : en
Publisher: Nova Publishers
Release Date : 2007
New Economics Of Risk And Uncertainty written by Moawia Alghalith and has been published by Nova Publishers this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007 with Business & Economics categories.
Presents an alternative theoretical framework that can serve as the basis for a new age of economic analysis under risk and uncertainty. This work features 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.
Uncertainty And Economics
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Author : Christian Müller-Kademann
language : en
Publisher: Routledge
Release Date : 2019-01-08
Uncertainty And Economics written by Christian Müller-Kademann and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-01-08 with Business & Economics categories.
This book is set against the assumption that humans' unique feature is their infinite creativity, their ability to reflect on their deeds and to control their actions. These skills give rise to genuine uncertainty in society and hence in the economy. Here, the author sets out that uncertainty must take centre stage in all analyses of human decision making and therefore in economics. Uncertainty and Economics carefully defines a taxonomy of uncertainty and argues that it is only uncertainty in its most radical form which matters to economics. It shows that uncertainty is a powerful concept that not only helps to resolve long-standing economic puzzles but also unveils serious contradictions within current, popular economic approaches. It argues that neoclassical, real business cycle, or new-Keynesian economics must be understood as only one way to circumvent the analytical challenges posed by uncertainty. Instead, embracing uncertainty offers a new analytical paradigm which, in this book, is applied to standard economic topics such as institutions, money, the Lucas critique, fiscal policy and asset pricing. Through applying a concise uncertainty paradigm, the book sheds new light on human decision making at large. Offering policy conclusions and recommendations for further theoretical and applied research, it will be of great interest to postgraduate students, academics and policy makers.
The Economics Of Uncertainty
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Author : C. J. McKenna
language : en
Publisher:
Release Date : 1986
The Economics Of Uncertainty written by C. J. McKenna and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1986 with Psychology categories.
Economie De L Incertain Et De L Information
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Author : Jean-Jacques Laffont
language : en
Publisher: MIT Press
Release Date : 1989
Economie De L Incertain Et De L Information written by Jean-Jacques Laffont and has been published by MIT Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1989 with Business & Economics categories.
The Economics of Uncertainty and Information may be used in conjunction with Loffont's Fundamentals of Economics in an advanced course in microeconomics.