Finance And The Economics Of Uncertainty

Finance And The Economics Of Uncertainty Book in PDF, ePub and Kindle version is available to download in english. Read online anytime anywhere directly from your device. Click on the download button below to get a free pdf file of Finance And The Economics Of Uncertainty book. This book definitely worth reading, it is an incredibly well-written.

Finance and the Economics of Uncertainty

Gabrielle Demange,Guy Laroque
Finance and the Economics of Uncertainty Book PDF

Author : Gabrielle Demange,Guy Laroque
Publisher : Wiley-Blackwell
Page : 296 pages
File Size : 41,5 Mb
Release : 2006-01-13
Category : Business & Economics
ISBN : 9781405121385

Get Book

Finance and the Economics of Uncertainty by Gabrielle Demange,Guy Laroque Pdf

Finance and the Economics of Uncertainty explores the growing range of economic decisions that are conducted under uncertainty both on the personal level, as well as by large firms. Analyzes the allocation of risk in the context of the current literature, as well as emphasizes the role of information in decisions and prices. Includes end-of-chapter exercises that supply the necessary tools for a comprehensive understanding of the field.

Keynes on Monetary Policy, Finance and Uncertainty

Jorg Bibow
Keynes on Monetary Policy Finance and Uncertainty Book PDF

Author : Jorg Bibow
Publisher : Routledge
Page : 262 pages
File Size : 55,7 Mb
Release : 2013-03-01
Category : Business & Economics
ISBN : 9781134262052

Get Book

Keynes on Monetary Policy, Finance and Uncertainty by Jorg Bibow Pdf

This book provides a reassessment of Keynes’ theory of liquidity preference. It argues that the failure of the Keynesian revolution to be made in either theory or practice owes importantly to the fact that the role of liquidity preference theory as a pivotal element in Keynes’ General Theory has remained underexplored and indeed widely misunderstood even among Keynes’ followers and until today. The book elaborates on and extends Keynes’ conceptual framework, moving it from the closed economy to the global economy context, and applies liquidity preference theory to current events and prominent hypotheses in global finance. Jörg Bibow presents Keynes’ liquidity preference theory as a distinctive and highly relevant approach to monetary theory offering a conceptual framework of general applicability for explaining the role and functioning of the financial system. He argues that, in a dynamic context, liquidity preference theory may best be understood as a theory of financial intermediation. Through applications to current events and prominent hypotheses in global finance, this book underlines the richness, continued relevance, and superiority of Keynes’ theory of liquidity preference; with Hyman Minsky standing out for developing Keynes’ vision of financial capitalism.

Uncertainty and Economics

Christian Müller-Kademann
Uncertainty and Economics Book PDF

Author : Christian Müller-Kademann
Publisher : Routledge
Page : 213 pages
File Size : 48,9 Mb
Release : 2019-01-08
Category : Business & Economics
ISBN : 9780429664496

Get Book

Uncertainty and Economics by Christian Müller-Kademann Pdf

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.

Handbook of the Economics of Risk and Uncertainty

Mark Machina,W. Kip Viscusi
Handbook of the Economics of Risk and Uncertainty Book PDF

Author : Mark Machina,W. Kip Viscusi
Publisher : Newnes
Page : 897 pages
File Size : 53,5 Mb
Release : 2013-11-14
Category : Business & Economics
ISBN : 9780444536860

Get Book

Handbook of the Economics of Risk and Uncertainty by Mark Machina,W. Kip Viscusi Pdf

The need to understand the theories and applications of economic and finance risk has been clear to everyone since the financial crisis, and this collection of original essays proffers broad, high-level explanations of risk and uncertainty. The economics of risk and uncertainty is unlike most branches of economics in spanning from the individual decision-maker to the market (and indeed, social decisions), and ranging from purely theoretical analysis through individual experimentation, empirical analysis, and applied and policy decisions. It also has close and sometimes conflicting relationships with theoretical and applied statistics, and psychology. The aim of this volume is to provide an overview of diverse aspects of this field, ranging from classical and foundational work through current developments. Presents coherent summaries of risk and uncertainty that inform major areas in economics and finance Divides coverage between theoretical, empirical, and experimental findings Makes the economics of risk and uncertainty accessible to scholars in fields outside economics

The Economics of Risk and Time

Christian Gollier
The Economics of Risk and Time Book PDF

Author : Christian Gollier
Publisher : MIT Press
Page : 492 pages
File Size : 51,7 Mb
Release : 2001
Category : Business & Economics
ISBN : 0262572249

Get Book

The Economics of Risk and Time by Christian Gollier Pdf

Updates and advances the theory of expected utility as applied to risk analysis and financial decision making.

Financial Decision Making Under Uncertainty

ANDERSON ANDERSON WEBSTER
Financial Decision Making Under Uncertainty Book PDF

Author : ANDERSON ANDERSON WEBSTER
Publisher : Academic Press
Page : 314 pages
File Size : 50,6 Mb
Release : 2014-06-28
Category : Business & Economics
ISBN : 9781483294995

Get Book

Financial Decision Making Under Uncertainty by ANDERSON ANDERSON WEBSTER Pdf

Financial Dec Making under Uncertainty

Risk, Uncertainty and Profit

Frank H. Knight
Risk Uncertainty and Profit Book PDF

Author : Frank H. Knight
Publisher : Cosimo, Inc.
Page : 401 pages
File Size : 44,7 Mb
Release : 2006-11-01
Category : Business & Economics
ISBN : 9781602060050

Get Book

Risk, Uncertainty and Profit by Frank H. Knight Pdf

A timeless classic of economic theory that remains fascinating and pertinent today, this is Frank Knight's famous explanation of why perfect competition cannot eliminate profits, the important differences between "risk" and "uncertainty," and the vital role of the entrepreneur in profitmaking. Based on Knight's PhD dissertation, this 1921 work, balancing theory with fact to come to stunning insights, is a distinct pleasure to read. FRANK H. KNIGHT (1885-1972) is considered by some the greatest American scholar of economics of the 20th century. An economics professor at the University of Chicago from 1927 until 1955, he was one of the founders of the Chicago school of economics, which influenced Milton Friedman and George Stigler.

Financial Economics, Risk and Information

Marcelo Bianconi
Financial Economics Risk and Information Book PDF

Author : Marcelo Bianconi
Publisher : World Scientific
Page : 496 pages
File Size : 47,6 Mb
Release : 2011-08-23
Category : Business & Economics
ISBN : 9789814355131

Get Book

Financial Economics, Risk and Information by Marcelo Bianconi Pdf

Financial Economics, Risk and Information presents the fundamentals of finance in static and dynamic frameworks with focus on risk and information. The objective of this book is to introduce undergraduate and first-year graduate students to the methods and solutions of the main problems in finance theory relating to the economics of uncertainty and information. The main goal of the second edition is to make the materials more accessible to a wider audience of students and finance professionals. The focus is on developing a core body of theory that will provide the student with a solid intellectual foundation for more advanced topics and methods. The new edition has streamlined chapters and topics, with new sections on portfolio choice under alternative information structures. The starting point is the traditional mean-variance approach, followed by portfolio choice from first principles. The topics are extended to alternative market structures, alternative contractual arrangements and agency, dynamic stochastic general equilibrium in discrete and continuous time, attitudes towards risk and towards inter-temporal substitution in discrete and continuous time; and option pricing. In general, the book presents a balanced introduction to the use of stochastic methods in discrete and continuous time in the field of financial economics.

The Era of Uncertainty

Francois Trahan,Katherine Krantz
The Era of Uncertainty Book PDF

Author : Francois Trahan,Katherine Krantz
Publisher : John Wiley & Sons
Page : 228 pages
File Size : 49,9 Mb
Release : 2011-07-13
Category : Business & Economics
ISBN : 9781118134092

Get Book

The Era of Uncertainty by Francois Trahan,Katherine Krantz Pdf

Macroeconomic Investment Strategies for an Era of Economic Uncertainty “Over the years, François’ insightful analyses of the business cycle has led to market calls that have both benefitted investors on the upside and (more important to many) protected them from losses on the downside. François’ incredible track record in successfully interpreting the trends that can be found in leading indicators and other macroeconomic data have also led to his well deserved reputation as an expert in sector rotation - providing investors on both the long and short side of the market opportunities to profit from his ideas. In my opinion, his most important and influential macro prediction to date was his call in the middle of the last decade when he predicted that the worst housing crisis in American history would soon be upon us, and that it would have far-ranging implications for both the global economy and world financial markets.”

Managing Risk and Uncertainty

Richard Friberg
Managing Risk and Uncertainty Book PDF

Author : Richard Friberg
Publisher : MIT Press
Page : 395 pages
File Size : 43,6 Mb
Release : 2015-11-13
Category : Business & Economics
ISBN : 9780262528191

Get Book

Managing Risk and Uncertainty by Richard Friberg Pdf

A comprehensive framework for assessing strategies for managing risk and uncertainty, integrating theory and practice and synthesizing insights from many fields. This book offers a framework for making decisions under risk and uncertainty. Synthesizing research from economics, finance, decision theory, management, and other fields, the book provides a set of tools and a way of thinking that determines the relative merits of different strategies. It takes as its premise that we make better decisions if we use the whole toolkit of economics and related fields to inform our decision making. The text explores the distinction between risk and uncertainty and covers standard models of decision making under risk as well as more recent work on decision making under uncertainty, with a particular focus on strategic interaction. It also examines the implications of incomplete markets for managing under uncertainty. It presents four core strategies: a benchmark strategy (proceeding as if risk and uncertainty were low), a financial hedging strategy (valuable if there is much risk), an operational hedging strategy (valuable for conditions of much uncertainty), and a flexible strategy (valuable if there is much risk and/or uncertainty). The book then examines various aspects of these strategies in greater depth, building on empirical work in several different fields. Topics include price-setting, real options and Monte Carlo techniques, organizational structure, and behavioral biases. Many chapters include exercises and appendixes with additional material. The book can be used in graduate or advanced undergraduate courses in risk management, as a guide for researchers, or as a reference for management practitioners.

Maintaining Financial Stability in Times of Risk and Uncertainty

Behl, Abhishek,Nayak, Sushma
Maintaining Financial Stability in Times of Risk and Uncertainty Book PDF

Author : Behl, Abhishek,Nayak, Sushma
Publisher : IGI Global
Page : 377 pages
File Size : 41,7 Mb
Release : 2018-12-04
Category : Business & Economics
ISBN : 9781522572091

Get Book

Maintaining Financial Stability in Times of Risk and Uncertainty by Behl, Abhishek,Nayak, Sushma Pdf

Risks and uncertainties?market, financial, operational, social, humanitarian, environmental, and institutional?are the inherent realities of the modern world. Stock market crashes, demonetization of currency, and climate change constitute just a few examples that can adversely impact financial institutions across the globe. To mitigate these risks and avoid a financial crisis, a better understanding of how the economy responds to uncertainties is needed. Maintaining Financial Stability in Times of Risk and Uncertainty is an essential reference source that discusses how risks and uncertainties affect the financial stability and security of individuals and institutions, as well as probable solutions to mitigate risk and achieve financial resilience under uncertainty. Featuring research on topics such as financial fraud, insurance ombudsman, and Knightian uncertainty, this book is developed for researchers, academicians, policymakers, students, and scholars.

The Economics of Risk and Uncertainty

Christian Gollier
The Economics of Risk and Uncertainty Book PDF

Author : Christian Gollier
Publisher : Edward Elgar Publishing
Page : 0 pages
File Size : 54,8 Mb
Release : 2018
Category : Risk
ISBN : 1786432749

Get Book

The Economics of Risk and Uncertainty by Christian Gollier Pdf

The compilation of ground-breaking papers contained in this collection offers a complete description of the evolution of knowledge in the economics of risk and time, from its early twentieth-century explorations to its current diversity of approaches. The papers focus first on the basic decisions under uncertainty, and then on asset pricing. They cover both classical expected utility approach and its non-expected utility generalizations, with applications to dynamic portfolio choices, insurance, risk sharing, and risk prevention. Prefaced by an original introduction from the editor, this collection will be valuable for scholars in finance and macroeconomics, particularly those with an interest in the modeling foundations of consumer and investor decisions under uncertainty.

Financial Economics, Risk And Information (2nd Edition)

Bianconi Marcelo
Financial Economics Risk And Information 2nd Edition Book PDF

Author : Bianconi Marcelo
Publisher : World Scientific Publishing Company
Page : 496 pages
File Size : 51,5 Mb
Release : 2011-11-29
Category : Business & Economics
ISBN : 9789814405126

Get Book

Financial Economics, Risk And Information (2nd Edition) by Bianconi Marcelo Pdf

Financial Economics, Risk and Information presents the fundamentals of finance in static and dynamic frameworks with focus on risk and information. The objective of this book is to introduce undergraduate and first-year graduate students to the methods and solutions of the main problems in finance theory relating to the economics of uncertainty and information. The main goal of the second edition is to make the materials more accessible to a wider audience of students and finance professionals. The focus is on developing a core body of theory that will provide the student with a solid intellectual foundation for more advanced topics and methods. The new edition has streamlined chapters and topics, with new sections on portfolio choice under alternative information structures. The starting point is the traditional mean-variance approach, followed by portfolio choice from first principles. The topics are extended to alternative market structures, alternative contractual arrangements and agency, dynamic stochastic general equilibrium in discrete and continuous time, attitudes towards risk and towards inter-temporal substitution in discrete and continuous time; and option pricing. In general, the book presents a balanced introduction to the use of stochastic methods in discrete and continuous time in the field of financial economics.

Handbook of the Economics of Risk and Uncertainty

Mark J. Machina
Handbook of the Economics of Risk and Uncertainty Book PDF

Author : Mark J. Machina
Publisher : Unknown
Page : 128 pages
File Size : 50,8 Mb
Release : 2014
Category : Electronic
ISBN : OCLC:1075985102

Get Book

Handbook of the Economics of Risk and Uncertainty by Mark J. Machina Pdf

Detailed surveys examine risk and uncertainty, from classical and foundational work through current developments. Presents coherent summaries of risk and uncertainty that inform major areas in economics and finance

Pandora’s Risk

Kent Osband
Pandora s Risk Book PDF

Author : Kent Osband
Publisher : Columbia University Press
Page : 463 pages
File Size : 45,6 Mb
Release : 2011-07-05
Category : Business & Economics
ISBN : 9780231525411

Get Book

Pandora’s Risk by Kent Osband Pdf

Author of the acclaimed work Iceberg Risk: An Adventure in Portfolio Theory, Kent Osband argues that uncertainty is central rather than marginal to finance. Markets don't trade mainly on changes in risk. They trade on changes in beliefs about risk, and in the process, markets unite, stretch, and occasionally defy beliefs. Recognizing this truth would make a world of difference in investing. Belittling uncertainty has created a rift between financial theory and practice and within finance theory itself, misguiding regulation and stoking huge financial imbalances. Sparking a revolution in the mindset of the investment professional, Osband recasts the market as a learning machine rather than a knowledge machine. The market continually errs, corrects itself, and makes new errors. Respecting that process, without idolizing it, will promote wiser investment, trading, and regulation. With uncertainty embedded at its core, Osband's rational approach points to a finance theory worthy of twenty-first-century investing.