Uncertainty and Information: An Expository Essay

Nirvikar Singh

MPRA Paper from University Library of Munich, Germany

Abstract: This essay provides an elementary, unified introduction to resource allocation under uncertainty in competitive markets. The coverage includes decision-making under uncertainty, measuring risk and risk aversion, insurance and asset markets, and asymmetric information.

Keywords: Uncertainty; risk; risk aversion; insurance; asset markets; asymmetric information (search for similar items in EconPapers)
JEL-codes: D01 D80 (search for similar items in EconPapers)
Date: 2010-03-22
New Economics Papers: this item is included in nep-cta, nep-ias and nep-upt
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:21556

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