The economics of risk and time /

This book updates and advances the theory of expected utility as applied to risk analysis and financial decision making. Von Neumann and Morgenstern pioneered the use of expected utility theory in the 1940s, but most utility functions used in financial management are still relatively simplistic and...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Gollier, Christian
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Cambridge, Mass. : MIT Press, 2001.
Temas:
Finance.
Financial engineering.
Risk.
Risk assessment.
Risk management.
Risk
Risk Assessment
Risk Management
Finances.
Ingénierie financière.
Risque.
Évaluation du risque.
Gestion du risque.
finance.
risk assessment.
risk management.
BUSINESS & ECONOMICS > Insurance > Risk Assessment & Management.
Finance
Financial engineering
Risk assessment
Risk management
Erwarteter Nutzen
Financieel management.
Risicoanalyse.
Risicobeheersing.
Portfolio-theorie.
Bruikbaarheidstheorie.
ECONOMICS/Finance
Leermiddelen (vorm)
Acceso en línea:Texto completo
Tabla de Contenidos:
  • The expected utility model
  • Risk aversion
  • Change in risk
  • The standard portfolio problem
  • The equilibrium price risk
  • A hyperplane separation theorem
  • Log-supermodularity
  • Risk aversion with background risk
  • The tempering effect of background risk
  • Taking multiple risks
  • The dynamic investment problem
  • Special topics in dynamic finance
  • The demand for contingent claims
  • Risk on wealth
  • Consumption under certainty
  • Precautionary saving and prudence
  • The equilibrium price of time
  • The liquidity constraint
  • The saving-portfolio problem
  • Disentangling risk and time
  • Efficient risk sharing
  • The equilibrium price of risk and time
  • Searching for the representative agent
  • The value of information
  • Decision making and information
  • Information and equilibrium.

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