| Economic and Environmental Risk and Uncertainty: New Models and Methods 1997 Edition Contributor(s): Nau, Robert (Editor), Grønn, Erik (Editor), Machina, Mark J. (Editor) |
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ISBN: 0792345568 ISBN-13: 9780792345565 Publisher: Springer OUR PRICE: $104.49 Product Type: Hardcover - Other Formats Published: May 1997 Annotation: The 1980s and 1990s have been a period of exciting new developments in the modelling of decision-making under risk and uncertainty. Extensions of the theory of expected utility and alternative theories of non-expected utility' have been devised to explain many puzzles and paradoxes of individual and collective choice behaviour. This volume presents some of the best recent work on the modelling of risk and uncertainty, with applications to problems in environmental policy, public health, economics and finance. Eighteen papers by distinguished economists, management scientists, and statisticians shed new light on phenomena such as the Allais and St. Petersburg paradoxes, the equity premium puzzle, the demand for insurance, the valuation of public health and safety, and environmental goods. Audience: This work will be of interest to economists, management scientists, risk and policy analysts, and others who study risky decision-making in economic and environmental contexts. |
| Additional Information |
| BISAC Categories: - Nature | Natural Resources - Business & Economics | Economics - Theory - Science | Environmental Science (see Also Chemistry - Environmental) |
| Dewey: 333.714 |
| LCCN: 97008443 |
| Series: Theory and Decision Library B |
| Physical Information: 0.8" H x 6.42" W x 9.52" (1.31 lbs) 268 pages |
| Descriptions, Reviews, Etc. |
| Publisher Description: The 1980s and 1990s have been a period of exciting new developments in the modelling of decision-making under risk and uncertainty. Extensions of the theory of expected utility and alternative theories of non-expected utility' have been devised to explain many puzzles and paradoxes of individual and collective choice behaviour. This volume presents some of the best recent work on the modelling of risk and uncertainty, with applications to problems in environmental policy, public health, economics and finance. Eighteen papers by distinguished economists, management scientists, and statisticians shed new light on phenomena such as the Allais and St. Petersburg paradoxes, the equity premium puzzle, the demand for insurance, the valuation of public health and safety, and environmental goods. Audience: This work will be of interest to economists, management scientists, risk and policy analysts, and others who study risky decision-making in economic and environmental contexts. |