Advances in Economic Theory
Subtitle: Sixth World Congress (Econometric Society Monographs)
Edition: New Ed edition
Publisher: Cambridge University Press
Published: February 24, 1995
Language: eng
Format: Paperback
Number of pages: 462
ISBN-13: 9780521484602
Subjects: Econometrics; Economic theory & philosophy; Economic History; Business & Economics; Business / Economics / Finance; Business/Economics; Economics - Theory; Business & Economics / Economic History; Business & Economics / Economics / Theory; Business & Economics-Economic History; Economics - Congresses
First sentence: In the last decade a number of new theories have been proposed to explain individual behavior under risk where, following Knight (1921), risk is defined as randomness with a known probability distribution.