Elements of Decision under Uncertainty with Applications

Usategui Díaz de Otalora, José María

dc.contributor.author	Usategui Díaz de Otalora, José María
dc.date.accessioned	2015-12-04T09:36:03Z
dc.date.available	2015-12-04T09:36:03Z
dc.date.issued	2015-12-04
dc.identifier.uri	http://hdl.handle.net/10810/16339
dc.description.abstract	This work presents the basic elements for the analysis of decision under uncertainty: Expected Utility Theory and its citicisms and risk aversion and its measurement. The concepts of certainty equivalent, risk premium, absolute risk aversion and relative risk aversion, and the "more risk averse than" relation are discussed. The work is completed with several applications of decision making under uncertainty to different economic problems: investment in risky assets and portfolio selection, risk sharing, investment to reduce risk, insurance, taxes and income underreporting, deposit insurance and the value of information.	es
dc.language.iso	eng	es
dc.rights	info:eu-repo/semantics/openAccess	es
dc.rights.uri	http://creativecommons.org/licenses/by-nc-nd/4.0/	*
dc.title	Elements of Decision under Uncertainty with Applications	es
dc.type	info:eu-repo/semantics/other	es
dc.rights.holder	Attribution-NonCommercial-NoDerivatives 4.0 International	*