Updates and advances the theory of expected utility as applied to risk analysis and financial decision making.

The need to understand the theories and applications of economic and finance risk has been clear to everyone since the financial crisis, and this collection of

Written for advanced undergraduate and master’s level courses, this book builds from a base of asymmetric information issues to discuss a wide array of topics

More than any other book available, Risk Analysis in Engineering and Economics introduces the fundamental concepts, techniques, and applications of the subject

The compilation of ground-breaking papers contained in this collection offers a complete description of the evolution of knowledge in the economics of risk and