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The need to understand the theories and applications of economic and finance risk has been clear to everyone since the financial crisis, and this collection of original essays proffers broad, high-level explanations of risk and uncertainty.The economics of risk and...
Rational Risk Policy is based on Viscusi's Arne Ryde Memorial Lectures, delivered at Lund University in 1996. The organizing principle of these lectures is that the irrationality of individual decisions is often embodied in government regulations. Rather than overcoming...
Ideally, it would be desirable if we could all adopt a high-minded commitment to a risk-free existence. Unfortunately, such an objective is beyond our reach--politicians who advocate higher taxes rarely get elected and economists who indicate that our resources are...
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