The Analytics of Uncertainty and Information

Business & Finance, Economics, Microeconomics
Cover of the book The Analytics of Uncertainty and Information by Jack Hirshleifer, John G. Riley, Sushil Bikhchandani, Cambridge University Press
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Author: Jack Hirshleifer, John G. Riley, Sushil Bikhchandani ISBN: 9781107423718
Publisher: Cambridge University Press Publication: August 12, 2013
Imprint: Cambridge University Press Language: English
Author: Jack Hirshleifer, John G. Riley, Sushil Bikhchandani
ISBN: 9781107423718
Publisher: Cambridge University Press
Publication: August 12, 2013
Imprint: Cambridge University Press
Language: English

There has been explosive progress in the economic theory of uncertainty and information in the past few decades. This subject is now taught not only in departments of economics but also in professional schools and programs oriented toward business, government and administration, and public policy. This book attempts to unify the subject matter in a simple, accessible manner. Part I of the book focuses on the economics of uncertainty; Part II examines the economics of information. This revised and updated second edition places a greater focus on game theory. New topics include posted-price markets, mechanism design, common-value auctions, and the one-shot deviation principle for repeated games.

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There has been explosive progress in the economic theory of uncertainty and information in the past few decades. This subject is now taught not only in departments of economics but also in professional schools and programs oriented toward business, government and administration, and public policy. This book attempts to unify the subject matter in a simple, accessible manner. Part I of the book focuses on the economics of uncertainty; Part II examines the economics of information. This revised and updated second edition places a greater focus on game theory. New topics include posted-price markets, mechanism design, common-value auctions, and the one-shot deviation principle for repeated games.

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