Title: Risk analysis in theory and practice /
Authors: Chavas, Jean-Paul
Publisher: Elsevier Butterworth-Heinimann,
Year: 2004
Subjects: Risk Econometric models.; Uncertainty Econometric models.; Decision making Econometric models.; Risk Econometric models Problems, exercises, etc.
Abstract: "Risk Analysis in Theory and Practice presents an analytical framework and illustrates how to use it to investigate economic decisions under risk. Jean-Paul Chavas provides a systematic treatment of both private and public decisions under uncertainty, taking into consideration crucial factors including risk assessment using probability theory, risk measurement, risk preferences, and new insights into the value of information."--Jacket.
Contents: Introduction -- The measurement of risk -- The expected utility model -- The nature of risk preferences -- Stochastic dominance -- Mean-variance analysis -- Alternative models of risk behavior -- Production decisions under risk -- Portfolio selection -- Dynamic decisions under risk -- Contract and policy design under risk -- Contract and policy design under risk : applications -- Market stabilization.