Uncertainty, Risk and Information

Download or read book Uncertainty, Risk and Information written by Giacomo Bonanno and published by . This book was released on 2019-12-12 with total page 416 pages. Available in PDF, EPUB and Kindle. Book excerpt: This textbook incorporates the author's previous book "The Economics of Uncertainty and Insurance" and extends it with the addition of several new chapters on risk sharing, asymmetric information, adverse selection, signaling and moral hazard. It provides a comprehensive introduction to the analysis of economic decisions under uncertainty and to the role of asymmetric information in contractual relationships. It is richly illustrated with 150 figures. It is suitable for both self-study and as the basis for an upper-division undergraduate course. The book is written to be accessible to anyone with minimum knowledge of calculus, in particular the ability to calculate the (partial) derivative of a function of one or two variables. The book contains a total of 150 fully solved exercises.