Risk Analysis in Theory and Practice

  1. Home
  2. Bookstore
  3. Risk Analysis in Theory and Practice

Risk Analysis in Theory and Practice

By Chavas, Jean-Paul

Rent or Buy eTextbook

365 days
180 days
150 days
120 days
90 days
30 days
Expires on Apr 11th, 2022

Publisher List Price: $92.99
Savings: $2.04

The objective of this book is to present this analytical framework and to illustrate how it can be used in the investigation of economic decisions under risk. In a sense, the economics of risk is a difficult subject: it involves understanding human decisions in the absence of perfect information. How do we make decisions when we do not know some of events affecting us? The complexities of our uncertain world and of how humans obtain and process information make this difficult. In spite of these difficulties, much progress has been made. First, probability theory is the corner stone of risk assessment. This allows us to measure risk in a fashion that can be communicated among decision makers or researchers. Second, risk preferences are now better understood. This provides useful insights into the economic rationality of decision making under uncertainty. Third, over the last decades, good insights have been developed about the value of information. This helps better understand the role of information in human decision making and this book provides a systematic treatment of these issues in the context of both private and public decisions under uncertainty.

* Balanced treatment of conceptual models and applied analysis
* Considers both private and public decisions under uncertainty
* Website presents application exercises in EXCEL

Subject: Allied Health & Medical -> Medical -> Toxicology

Risk Analysis in Theory and Practice
Publisher: Elsevier S & T 07/2004
Imprint: Academic Press
Language: English
Length: 247 pages

ISBN 10: 0121706214
ISBN 13: 9780121706210
Print ISBN: 9780121706210

Live Chats