IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-1-349-07239-2_20.html
   My bibliography  Save this book chapter

Aspects of Investor Behaviour Under Risk

In: Arrow and the Ascent of Modern Economic Theory

Author

Listed:
  • Benjamin M. Friedman
  • V. Vance Roley

Abstract

A greatly enhanced understanding of the nature of economic uncertainty, and with it substantial insight into economic behaviour in circumstances under which uncertainty is central to necessary decisions, stand as one of Kenneth Arrow’s most significant contributions. His classic lectures on Aspects of the Theory of Risk-Bearing clarified key elements of the theory of choice under uncertainty, formalized crucial aspects of risk-averse behaviour, and explored the implications of the relevant theory for such important economic activities as resource allocation and insurance. These lectures, together with many of Arrow’s other papers on risk and uncertainty, have provided a foundation that is now standard in monetary and financial economics.

Suggested Citation

  • Benjamin M. Friedman & V. Vance Roley, 1987. "Aspects of Investor Behaviour Under Risk," Palgrave Macmillan Books, in: George R. Feiwel (ed.), Arrow and the Ascent of Modern Economic Theory, chapter 20, pages 626-653, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-07239-2_20
    DOI: 10.1007/978-1-349-07239-2_20
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:palchp:978-1-349-07239-2_20. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.