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The Economics of Risk and Time Hardcover – June 18, 2001

ISBN-13: 978-0262072151 ISBN-10: 0262072157 Edition: 1st

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Product Details

  • Hardcover: 465 pages
  • Publisher: The MIT Press; 1st edition (June 18, 2001)
  • Language: English
  • ISBN-10: 0262072157
  • ISBN-13: 978-0262072151
  • Product Dimensions: 6.1 x 1.1 x 9.2 inches
  • Shipping Weight: 1.8 pounds
  • Average Customer Review: 5.0 out of 5 stars  See all reviews (5 customer reviews)
  • Amazon Best Sellers Rank: #1,733,865 in Books (See Top 100 in Books)

Editorial Reviews

Review

"Presents a unified and up-to-date analysis of the expected utility model."
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

About the Author

Christian Gollier is Professor of Economics at the University of Toulouse, FFSA Chair of Insurance at the Institut d'Economie Industrielle, and coordinator of the European area network in Applied Microeconomics at CESifo.

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Customer Reviews

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Most Helpful Customer Reviews

14 of 14 people found the following review helpful By Yvan Lengwiler on July 3, 2003
Format: Hardcover
Gollier has written a book that not many others could have written. It is VERY complete, it is full of deep insights, and, for me, it is a pleasure to read. Don't be mistaken: this is a research book, not a textbook. But for those of us doing research in decision theory, general equilibrium, finance, or macroeconomics, it is simply a must. How could you afford NOT to buy it?
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3 of 3 people found the following review helpful By Hector on August 28, 2007
Format: Paperback
This book presents an excellent summary of the toolbox that students and professionals must manage in order to understand the numberless amount of modern contributions on asset pricing. All recent advances in the use of risk and uncertainty are presented with simple and direct language, and without useless mathematical sophistication. A needed help for asset pricing courses intended to graduate students.
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3 of 3 people found the following review helpful By X. Che on August 6, 2007
Format: Paperback Verified Purchase
Amazing book connecting all the dots you know in asset pricing, macro, general equil'um, etc. You come out of it refreshed, feeling you are a different person.
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1 of 1 people found the following review helpful By Aaron C. Brown TOP 1000 REVIEWERVINE VOICE on November 7, 2010
Format: Paperback Verified Purchase
I used this for a course in 2010 and found very little to update. It works from the basics to advanced topics, using the minimum required mathematics (which is a moderate amount). One of its great virtues is even-handedness, different results are presented with advantages and disadvantages; in particular, no pretense is made that assumptions made for mathematical tractability have theoretical or empirical support.

One quibble is the notation is not consistent. This is probably an advantage for a single reader working through the book, it means everything is defined as needed rather than having long sections on definitions. At no point does the changing notation make the text unclear. But if you're flipping back and forth between chapters, or using it as a reference, it can be a little confusing.
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Format: Paperback Verified Purchase
Arrived in a timely manner. Product is as advertised. Very happy about this product and the seller.
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