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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

Quantitative methods (economics) --- Decision making --- Risk --- Uncertainty --- Econometric models. --- Econometric models --- Economics --- Probabilities --- Profit --- Risk-return relationships --- Deciding --- Decision (Psychology) --- Decision analysis --- Decision processes --- Making decisions --- Management --- Management decisions --- Choice (Psychology) --- Problem solving --- Reasoning --- Risk - Econometric models --- Uncertainty - Econometric models --- Decision making - Econometric models --- Risk - Econometric models - Problems, exercises, etc.