Description

Book Synopsis
This second edition, with a greater focus on game theory, attempts to unify recent developments in economic theories of uncertainty and information for students.

Trade Review
'This is a beautifully clear book on the economics of uncertainty and information. The second edition contains a good deal of valuable new material, such as on the production, transmission, acquisition, and aggregation of information.' Eric Maskin, Harvard University, and Nobel Laureate in Economics

Table of Contents
Part I: 1. Elements of decision under uncertainty; 2. Risk-bearing: the optimum of the individual; 3. Comparative statics of the risk-bearing optimum; 4. Market equilibrium under uncertainty; Part II: 5. Information and informational decisions; 6. Information and markets; 7. Strategic uncertainty and equilibrium concepts; 8. Informational asymmetry and contract design; 9. Competition and hidden knowledge; 10. Market institutions; 11. Long-run relationships and the credibility of threats and promises; 12. Information aggregation, transmission, and acquisition.

The Analytics of Uncertainty and Information Second Edition

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    A Paperback by Sushil Bikhchandani, Jack Hirshleifer, John G. Riley

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      View other formats and editions of The Analytics of Uncertainty and Information Second Edition by Sushil Bikhchandani

      Publisher: Cambridge University Press
      Publication Date: Publication Date: 8/19/2013 12:00:00 AM
      ISBN13: 9780521541961, 978-0521541961
      ISBN10: 0521541964
      Also in:
      Economic theory and philosophy

      Description

      Book Synopsis
      This second edition, with a greater focus on game theory, attempts to unify recent developments in economic theories of uncertainty and information for students.

      Trade Review
      'This is a beautifully clear book on the economics of uncertainty and information. The second edition contains a good deal of valuable new material, such as on the production, transmission, acquisition, and aggregation of information.' Eric Maskin, Harvard University, and Nobel Laureate in Economics

      Table of Contents
      Part I: 1. Elements of decision under uncertainty; 2. Risk-bearing: the optimum of the individual; 3. Comparative statics of the risk-bearing optimum; 4. Market equilibrium under uncertainty; Part II: 5. Information and informational decisions; 6. Information and markets; 7. Strategic uncertainty and equilibrium concepts; 8. Informational asymmetry and contract design; 9. Competition and hidden knowledge; 10. Market institutions; 11. Long-run relationships and the credibility of threats and promises; 12. Information aggregation, transmission, and acquisition.

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