The Microeconomics of Risk and Information: A Two-dimensional Treatment

The Microeconomics of Risk and Information: A Two-dimensional Treatment

By: Richard Watt (author)Paperback

2 - 4 weeks availability


The Microeconomics of Risk and Information covers the principal areas in the field, including risk aversion, simple portfolio theory, precautionary savings, production under risk, risk sharing in the Edgeworth box, adverse selection and moral hazard. Keeping to a strict two-dimensional environment and using only some basic calculus, this textbook is written principally for students of advanced undergraduate and beginning graduate courses in economics, finance, and other fields, who have studied microeconomics at the intermediate level. Compact and clear, the book reflects the author's twenty-year experience teaching the course in the one-semester format to students around the world.

Create a review

About Author

RICHARD WATT is Associate Professor of Economics in the Department of Economics and Finance at the University of Canterbury, New Zealand.


Introduction I INDIVIDUAL DECISION MAKING UNDER RISK Risk and preferences Risk aversion Applications II RISK SHARING ENVIRONMENTS Perfect information Adverse selection Moral hazard APPENDICES Mathematical toolkit A primer on consumer theory

Product Details

  • publication date: 11/05/2011
  • ISBN13: 9780230280809
  • Format: Paperback
  • Number Of Pages: 240
  • ID: 9780230280809
  • weight: 362
  • ISBN10: 0230280803

Delivery Information

  • Saver Delivery: Yes
  • 1st Class Delivery: Yes
  • Courier Delivery: Yes
  • Store Delivery: Yes

Prices are for internet purchases only. Prices and availability in WHSmith Stores may vary significantly