By Christian Gollier; Abstract: This book updates and advances the theory of expected utility as applied to risk analysis and financial decision. Taking into account recent advances in the economics of risk and uncertainty, equilibrium price of risk and time in an Arrow-Debreu economy; and dynamic. The Economics of Risk and Time. Christian Gollier. The MIT Press. Cambridge An Application: The Cost of Macroeconomic. Risks Conclusion
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Decision theory under uncertainty climate change economics insurance hime asset pricing. The Review of Financial Studies 10 4, Journal of the Econometric Society, Journal of Risk and Uncertainty 27 econojics, Journal of Public Economics 92, Journal of political Economy 4, Articles 1—20 Show more. Scientific progress and irreversibility: Discounting an uncertain future C Gollier Journal of public economics 85 2, Decision-making under scientific uncertainty: How should the distant future be discounted when discount rates are uncertain?
Intergenerational risk-sharing and risk-taking of a pension fund C Gollier Journal of Public Economics 92, Pricing the planet’s future: Science, The comparative statics of changes in risk revisited C Gollier Journal of Economic Theory 66 2, Aggregation of heterogeneous time preferences C Gollier, R Zeckhauser Journal of political Economy 4,