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Whether we like it or not we all feel that the world is uncertain. From choosing a new technology to selecting a job, we rarely know in advance what outcome wil
Decision Making Under Risk and Uncertainty
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As desired, the infonnation demand correspondence is single valued at equilibrium prices. Hence no planner is needed to assign infonnation allocations to indivi
Managing Risk and Uncertainty
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A comprehensive framework for assessing strategies for managing risk and uncertainty, integrating theory and practice and synthesizing insights from many fields
Risk, Choice, and Uncertainty
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At its core, economics is about making decisions. In the history of economic thought, great intellectual prowess has been exerted toward devising exquisite theo
Principles of Risk Analysis
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Authors: Charles Yoe
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In every decision context there are things we know and things we do not know. Risk analysis uses science and the best available evidence to assess what we know-