Originally published in 1979. This book addresses three questions
regarding uncertainty in economic life: how do we define
uncertainty and use the concept meaningfully to provide
conclusions; how can the level of uncertainty associated with a
particular variable of economic interest be measured; and does
experience provide any support for the view that uncertainty really
matters. It develops a theory of the effect of price uncertainty on
production and trade, takes a graphical approach to look at effects
of a mean preserving spread to create rules for ordering
distributions, and finishes with an econometric analysis of the
effects of Brazil's adoption of a crawling peg in reducing real
exchange rate uncertainty. This is an important early study into
the significance of uncertainty.
General
Is the information for this product incomplete, wrong or inappropriate?
Let us know about it.
Does this product have an incorrect or missing image?
Send us a new image.
Is this product missing categories?
Add more categories.
Review This Product
No reviews yet - be the first to create one!