Promotional Information

Christian Gollier, one of the foremost contemporary researchers on the economics of uncertainty, has written an instant classic. this path-breaking book weaves with dazzling mastery the common thread of the economics of risk and time through microeconomic theory, macroeconomics, and finance. This is a feat no one has accomplished before. This book is therefore a must read for a broad audience: graduate students in economics and finance, superior undergraduates, and researchers will all find it a source of knowledge and inspiration. -- Philippe Weil, Professor of Economics and Co-Director, European Centre for Advanced Research in Economics and Statistics, Universite Libre de Bruxelles Gollier's treatise on risk and time will be the bible for future finance theory and practice. Get your copy; read and reread. Keep ahead of the competitive mob. -- Paul A. Samuelson, MIT An authoritative, state-of-the art compendium on expected utility, the savings/portfolio choice problem, and much more. -- Jacques Dreze, Center for Operations Research and Econometrics (CORE), Universite catholique de Louvain, Belgium Christian Gollier offers a lucid and comprehensive treatment of the theory of expected utility. He clarifies the deep structure of the theory, and systematically explores the connections between observed decisions and the preferences that generate them. This book will be an invaluable resource for students of choice under uncertainty. -- John Y. Campbell, Department of Economics, Harvard University

About the Author

Christian Gollier is Professor of Economics at the University of Toulouse.

Reviews

"Presents a unified and up-to-date analysis of the expected utility model and its use in determining optimal behavior under uncertainty and takes an innovative approach in choosing not to use the convenient utility functions that limit most analyses." - Journal of Economic Literature; "Gollier's treatise on risk and time will be the bible for future finance theory and practice. Get your copy; read and reread. Keep ahead of the competitive mob." - Paul A. Samuelson, Massachusetts Institute of Technology

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