Uncertainty in Economics

Uncertainty in Economics
Author :
Publisher :
Total Pages : 584
Release :
ISBN-10 : STANFORD:36105120250910
ISBN-13 :
Rating : 4/5 (10 Downloads)

Book Synopsis Uncertainty in Economics by : Peter A. Diamond

Download or read book Uncertainty in Economics written by Peter A. Diamond and published by . This book was released on 1978 with total page 584 pages. Available in PDF, EPUB and Kindle. Book excerpt: The First Edition, published in 1978, brought together classic and modern thinking in the economics of uncertainty and provided the first text in the area. This Second Edition includes three new articles, added material on search theory, an additional preface, and updated references. Articles, introduced with brief commentaries, are divided into three broad sections: theory of choice under uncertainty, general equilibrium models of financial institutions, and models of the effects of uncertainty on market institutions.


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The Fundamental Issues Involved Why do we need a theory of uncertainty? It is a fact that almost all man's economic decisions are made under conditions of uncer