{"title":"Louis Eeckhoudt","description":"\u003cp\u003eLouis Eeckhoudt’s works offer a rigorous exploration of decision-making within uncertain and risky environments. His books provide a specialised focus on economic and financial analysis, making complex concepts accessible to both students and professionals in the field.\u003c\/p\u003e\n\n\u003cp\u003eReaders can expect detailed discussions grounded in economic theory, with practical applications to risk assessment and management. These texts serve as invaluable references for those seeking a deeper understanding of how risk influences financial and economic choices.\u003c\/p\u003e","products":[{"product_id":"economic-and-financial-decisions-under-risk-by-louis-eeckhoudt-9780691122151","title":"Economic and Financial Decisions under Risk","description":"\u003cdiv class=\"book-description\"\u003e\n\u003cp\u003eAn understanding of risk and how to deal with it is an essential part of modern economics. Whether liability litigation for pharmaceutical firms or an individual's having insufficient wealth to retire, risk is something that can be recognised, quantified, analysed, treated – and incorporated into our decision-making processes.\u003c\/p\u003e\n\n\u003cp\u003e\u003cem\u003eEconomic and Financial Decisions under Risk\u003c\/em\u003e represents a concise summary of basic multiperiod decision-making under risk. Its detailed coverage of a broad range of topics is ideally suited for use in advanced undergraduate and introductory graduate courses either as a self-contained text, or the introductory chapters combined with a selection of later chapters can represent core reading in courses on macroeconomics, insurance, portfolio choice, or asset pricing.\u003c\/p\u003e\n\n\u003cp\u003eThe authors start with the fundamentals of risk measurement and risk aversion. They then apply these concepts to insurance decisions and portfolio choice in a one-period model. After examining these decisions in their one-period setting, they devote most of the book to a multiperiod context, which adds the long-term perspective most risk management analyses require.\u003c\/p\u003e\n\n\u003cp\u003eEach chapter concludes with a discussion of the relevant literature and a set of problems. The book presents a thoroughly accessible introduction to risk, bridging the gap between the traditionally separate economics and finance literatures.\u003c\/p\u003e\n\u003c\/div\u003e","brand":"NewSouth Books","offers":[{"title":"Default Title","offer_id":47462873989356,"sku":"9780691122151","price":162.0,"currency_code":"NZD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0705\/7784\/8556\/files\/9780691122151-economic-and-financial-decisions-under-risk.jpg?v=1775025041"}],"url":"https:\/\/bookhero.co.nz\/collections\/louis-eeckhoudt.oembed","provider":"Book Hero","version":"1.0","type":"link"}