TY - BOOK ID - 1506112 TI - Risk analysis in theory and practice PY - 2004 SN - 0121706214 9780121706210 0080516335 9780080516332 1281028223 9781281028228 1493300253 9786611028220 1417537213 9781417537211 6611028226 PB - Amsterdam Boston San Diego Elsevier/Butterworth Heinemann Elsevier Academic Press DB - UniCat KW - Quantitative methods (economics) KW - Decision making KW - Risk KW - Uncertainty KW - Econometric models. KW - Econometric models KW - Economics KW - Probabilities KW - Profit KW - Risk-return relationships KW - Deciding KW - Decision (Psychology) KW - Decision analysis KW - Decision processes KW - Making decisions KW - Management KW - Management decisions KW - Choice (Psychology) KW - Problem solving KW - Reasoning KW - Risk - Econometric models KW - Uncertainty - Econometric models KW - Decision making - Econometric models KW - Risk - Econometric models - Problems, exercises, etc. UR - https://www.unicat.be/uniCat?func=search&query=sysid:1506112 AB - The objective of this book is to present this analytical framework and to illustrate how it can be used in the investigation of economic decisions under risk. In a sense, the economics of risk is a difficult subject: it involves understanding human decisions in the absence of perfect information. How do we make decisions when we do not know some of events affecting us? The complexities of our uncertain world and of how humans obtain and process information make this difficult. In spite of these difficulties, much progress has been made. First, probability theory is the corner stone of risk ass ER -