
Handbook of the Economics of Risk and Uncertainty
Description
Key Features
- 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
Readership
Graduate students and professors worldwide working in all subdisciplines of economics and finance.
Table of Contents
Section I: Individual Choice under Risk and Uncertainty: Foundations and Measurement
1. Axiomatic Foundations of Expected Utility and Subjective Probability - Edi Karni
2. Rationality and Dynamic Consistency under Risk and Uncertainty – Peter J. Hammond and Horst Zank
3. The Theory of Risk and Risk Aversion – Jack Meyer
4. Assessment and Estimation of Risk Preferences - Charles A. Holt and Susan K. Laury
Section II: Risk and Uncertainty: Markets and Public Policy
5. Insurance and Insurance Markets - Georges Dionne and Scott Harrington
6. Uncertainty and Imperfect Information in Markets - Benjamin E. Hermalin
7. The Value of Individual and Societal Risks to Life and Health – W. Kip Viscusi
8. Economic Analysis of Risk and Uncertainty Induced by Health Shocks: A Review and Extension – Tomas J. Philipson and George Zanjani
9. Regulating Occupational and Product Risks – Thomas J. Kneisner and John D. Leeth
10. Environmental Risk and Uncertainty – Joseph E. Aldy and W. Kip Viscusi
11. Economics of Natural Catastrophic Risk Insurance – Howard Kunreuther and Erwann Michel-Kerjan
Section III: Challenges and Responses to the Classical Model of Risk Preferences and Beliefs
12. Non-Expected Utility Models under Objective Uncertainty – John Quiggin
13.Ambiguity and Ambiguity Aversion – Mark J. Machina and Marciano Siniscalchi
14.Choice Under Uncertainty: Empirical Methods and Experimental Results – John D. Hey
Product details
- No. of pages: 896
- Language: English
- Copyright: © North Holland 2013
- Published: November 1, 2013
- Imprint: North Holland
- Hardcover ISBN: 9780444536853
- eBook ISBN: 9780444536860
About the Editors
Mark Machina

Affiliations and Expertise
Kip Viscusi

Affiliations and Expertise
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