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ISBNSpecification
  SPECIFICATION
MICROECONOMICS OF RISK AND INFORMATION, THE (pb)2011
Author: WATT
ISBN: 9780230280809
Year: 2011
Publisher: PALGRAVE PUBLISHERS LTD
Category: ECONOMICS
Edition: 1
Format: Paperback
Language: English
Pages: 240
 ABOUT THE TITLE
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.

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

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 TABLE OF CONTENTS
• 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
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