The analytics of uncertainty and information Bikhchandani, Sushil

By:

Bikhchandani, Sushil

Contributor(s):

Material type: Text

TextSeries: Cambridge surveys of economic literaturePublication details: Cambridge University Press 2013 New YorkEdition: 2nd edDescription: xiii, 493 pISBN:

9780521541961

Subject(s):

DDC classification:

339.5 B4A6

Summary: There has been explosive progress in the economic theory of uncertainty and information in the past few decades. This subject is now taught not only in departments of economics but also in professional schools and programs oriented toward business government and administration and public policy. This book attempts to unify the subject matter in a simple accessible manner. Part I of the book focuses on the economics of uncertainty; Part II examines the economics of information. This revised and updated second edition places a greater focus on game theory. New topics include posted-price markets mechanism design common-value auctions and the one-shot deviation principle for repeated games. http://www.cambridgeindia.org/books/searchedbook/The-Analytics-of-Uncertainty-and-Information/9780521541961

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Item type	Current library	Collection	Call number	Status	Date due	Barcode	Item holds
Book	Ahmedabad	Non-fiction	339.5 B4A6 (Browse shelf(Opens below))	Available		194261

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	339.5 B4A6 The analytics of uncertainty and information	339.5 C2M2 Macroeconomics: institutions, instability, and the financial system	339.5 I6 In the wake of the crisis: leading economists reassess economic policy	Next

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.

There has been explosive progress in the economic theory of uncertainty and information in the past few decades. This subject is now taught not only in departments of economics but also in professional schools and programs oriented toward business government and administration and public policy. This book attempts to unify the subject matter in a simple accessible manner. Part I of the book focuses on the economics of uncertainty; Part II examines the economics of information. This revised and updated second edition places a greater focus on game theory. New topics include posted-price markets mechanism design common-value auctions and the one-shot deviation principle for repeated games.

http://www.cambridgeindia.org/books/searchedbook/The-Analytics-of-Uncertainty-and-Information/9780521541961

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