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6 of 6 people found the following review helpful:
5.0 out of 5 stars A pathbreaking contribution on the economics of uncertainty, April 4, 2001
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This book is a must for any graduate program in Economics. The authors show how the state-contingent approach can be extended to production problems breaking the path for a unified duality theory under uncertainty. They also show that agency theory does not need to be inacessible for someone who does not care much about probability theory. Bravo!
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4.0 out of 5 stars good for modelling production and finance, October 22, 2004
shows various ways to model production and choice under uncertainty. well written, many examples and graphs. ideal for graduate students who have basic concepts of production and uncertainty.
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Uncertainty, Production, Choice, and Agency: The State-Contingent Approach
Uncertainty, Production, Choice, and Agency: The State-Contingent Approach by Robert G. Chambers (Hardcover - September 25, 2000)
$142.00
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