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This text provides an introduction to the analysis of economic decisions under uncertainty, with particular focus on insurance markets. "The Economics of Uncert

The need to understand the theories and applications of economic and finance risk has been clear to everyone since the financial crisis, and this collection of

A timeless classic of economic theory that remains fascinating and pertinent today, this is Frank Knight's famous explanation of why perfect competition cannot

The theory of insurance is presented in this book, discussed from the viewpoint of the theory of economics of uncertainty. The principle of premium calculation

Updates and advances the theory of expected utility as applied to risk analysis and financial decision making.