The Microeconomics of Risk and Information covers the principal
areas in the field, including risk aversion, simple portfolio
theory, precautionary savings, production under risk, risk sharing
in the Edgeworth box, adverse selection and moral hazard. Keeping
to a strict two-dimensional environment and using only some basic
calculus, this textbook is written principally for students of
advanced undergraduate and beginning graduate courses in economics,
finance, and other fields, who have studied microeconomics at the
intermediate level. Compact and clear, the book reflects the
author's twenty-year experience teaching the course in the
one-semester format to students around the world.
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