Essays in the Theory of Risk-bearingAlternative approaches to the theory of chice in risk-taking situations; Exposition of the theory of choice under uncertainty; The theory of risk aversion; The role of securities in the optimal allocation of risk-bearing; Insurance, risk, and resource allocation; Economic welfare and the allocation of resources to invention; Control in large orgationations. |
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Table des matières
Alternative Approaches to the Theory of Choice | 1 |
Exposition of the Theory of Choice Under Uncer | 44 |
The Theory of Risk Aversion | 90 |
Droits d'auteur | |
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Expressions et termes fréquents
action activities actual additional allocation amount approaches appropriate argument asset assumed assumption behavior benefits certainty choice choose commodity competitive consequences consider costs course decisions decreasing defined demand depend discussion E₁ economic effect equal example existence expected fact finite firm follows further given Hence hold hypothesis implies important income increasing independent indifferent individual investment knowledge lead less limited loss maximize means measure nature Note observed occurs optimal ordering organization outcome particular physician positive possible preferred probability distribution problem production profits random reasonable regarded relation relative respect result risk aversion risk-bearing rules secure sense sequence shift social sufficiently Suppose theorem theory tion uncertainty usual utility function variable wealth yield
Informations bibliographiques
| Titre | Essays in the Theory of Risk-bearing Markham economics series |
| Auteur | Kenneth Joseph Arrow |
| Édition | illustrée |
| Éditeur | North-Holland, 1971 |
| Original provenant de | Université de l'État de Pennsylvanie |
| Numérisé | 19 févr. 2010 |
| ISBN | 072043047X, 9780720430479 |
| Longueur | 278 pages |
| Exporter la citation | BiBTeX EndNote RefMan |