In this collection of 17 articles, top scholars synthesize and analyze scholarship on risk and uncertainty. Combining theoretical results with empirical and experimental findings, the Handbook defines the implications of scholarly work on risk to subjects in economics, management, finance, games, auctions, welfare, insurance, health, and the environment. It is the only volume on risk and uncertainty to examine this growing field in a systematic, comprehensive manner.
In this collection of 17 articles, top scholars synthesize and analyze scholarship on risk and uncertainty. Combining theoretical results with empirical and experimental findings, the Handbook defines the implications of scholarly work on risk to subjects in economics, management, finance, games, auctions, welfare, insurance, health, and the environment. It is the only volume on risk and uncertainty to examine this growing field in a systematic, comprehensive manner.
Section I: Individual Choice under Risk and Uncertainty: Foundations and Measurement 1. Axiomatic Foundations of Expected Utility and Subjective Probability - Edi Karni 2. Rationality and Dynamic Consistency under Risk and Uncertainty - Peter J. Hammond and Horst Zank 3. The Theory of Risk and Risk Aversion - Jack Meyer 4. Assessment and Estimation of Risk Preferences - Charles A. Holt and Susan K. Laury Section II: Risk and Uncertainty: Markets and Public Policy 5. Insurance and Insurance Markets - Georges Dionne and Scott Harrington 6. Uncertainty and Imperfect Information in Markets - Benjamin E. Hermalin 7. The Value of Individual and Societal Risks to Life and Health - W. Kip Viscusi 8. Economic Analysis of Risk and Uncertainty Induced by Health Shocks: A Review and Extension - Tomas J. Philipson and George Zanjani 9. Regulating Occupational and Product Risks - Thomas J. Kneisner and John D. Leeth 10. Environmental Risk and Uncertainty - Joseph E. Aldy and W. Kip Viscusi 11. Economics of Natural Catastrophic Risk Insurance - Howard Kunreuther and Erwann Michel-Kerjan Section III: Challenges and Responses to the Classical Model of Risk Preferences and Beliefs 12. Non-Expected Utility Models under Objective Uncertainty - John Quiggin 13.Ambiguity and Ambiguity Aversion - Mark J. Machina and Marciano Siniscalchi 14.Choice Under Uncertainty: Empirical Methods and Experimental Results - John D. Hey
Section I: Individual Choice under Risk and Uncertainty: Foundations and Measurement 1. Axiomatic Foundations of Expected Utility and Subjective Probability - Edi Karni 2. Rationality and Dynamic Consistency under Risk and Uncertainty - Peter J. Hammond and Horst Zank 3. The Theory of Risk and Risk Aversion - Jack Meyer 4. Assessment and Estimation of Risk Preferences - Charles A. Holt and Susan K. Laury Section II: Risk and Uncertainty: Markets and Public Policy 5. Insurance and Insurance Markets - Georges Dionne and Scott Harrington 6. Uncertainty and Imperfect Information in Markets - Benjamin E. Hermalin 7. The Value of Individual and Societal Risks to Life and Health - W. Kip Viscusi 8. Economic Analysis of Risk and Uncertainty Induced by Health Shocks: A Review and Extension - Tomas J. Philipson and George Zanjani 9. Regulating Occupational and Product Risks - Thomas J. Kneisner and John D. Leeth 10. Environmental Risk and Uncertainty - Joseph E. Aldy and W. Kip Viscusi 11. Economics of Natural Catastrophic Risk Insurance - Howard Kunreuther and Erwann Michel-Kerjan Section III: Challenges and Responses to the Classical Model of Risk Preferences and Beliefs 12. Non-Expected Utility Models under Objective Uncertainty - John Quiggin 13.Ambiguity and Ambiguity Aversion - Mark J. Machina and Marciano Siniscalchi 14.Choice Under Uncertainty: Empirical Methods and Experimental Results - John D. Hey
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