21844560
9780745015927
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"The fundamental topic of choice thory- how do economic agents decide when faces with a situalion of risk- and its accompanying theoretical models are here dissected and analyzed. Using a textbook style, the authors present the microfoundations of risk, uncertainty and its management with specific application to insurance and finance. The book analyzes the formal evalustion of risky situations, analyzes individual decisions under uncertainty and determines the markets for risk, including market incompleteness and risk transfer and welfar..."Gollier, Louis Eeckhoudt Christian is the author of 'Risk: Evaluation, Management and Sharing', published 1994 under ISBN 9780745015927 and ISBN 0745015921.
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