Review

"Risk is at the very core of most decisions. This text beautifully explores the classical theory of choices under uncertainty including major applications and recent extensions. It combines usefulness, thoroughness, and clarity."Christian Gollier, Professor of Economics, University of Toulouse"Professor Chavas is one of the leading scholars in and premier teachers of applied risk analysis. This masterful book provides a rigorous, accessible and wide ranging treatment of the key concepts and tools. It is a "must read" for anyone seriously interested in the economics of risk, uncertainty and information."Christopher B. Barrett, Professor, Department of Applied Economics and Management, Cornell University

Book Description

A concise and practical guide to risk measurement and decisions under uncertainty