Louis Eeckhoudt's Books

Risk and Medical Decision Making

By: Louis Eeckhoudt

Write a review Read reviews Take a Quiz Solve Book Puzzle

Risk and Medical Decision Making

By: Louis Eeckhoudt

For people interested in risk management, medical activity represents a stimulating field of study and thought. On the one hand, progress in medical knowledge and technology tends to reduce the risks to survival that individuals would face in the absence of appropriate diagnostic or therapeutic instruments. On the other hand, new medical technologies simultaneously create their own specific risks, sometimes simply because their effects are less well-known than those of established ones. In a sense any medical progress simultaneously generates new risks while destroying old ones. Moreover, unlike many financial risks that can be either divided or transferred to others (e.g. through diversification, insurance or social security) the personal aspects of medical risks are by essence indivisible and non-transferable. As a result, they are in a sense more threatening than financial risks for risk averse patients. These two facts explain and justify the growing interest in risk economics for the fields of medical decision making and health economics. In Risk and Medical Decision Making, part 1 is developed inside the expected utility (E-U) model and analyses how comorbidity risks affect the well-known "test-treatment" thresholds. Part 2 is devoted to a specific non E-U model with the same purpose: how would one define a threshold in this context and how would one value a diagnostic test? In each of these two parts both diagnostic and therapeutic risks are considered.

Average ratings

N/A

Write a review

Solve jigsaw puzzle

Age

Page Count

140

Publisher

Springer Science & Business Media

Published Date

ISBN 10

1461509912

ISBN 13

9781461509912

Economic and Financial Decisions under Risk

By: Louis Eeckhoudt,Christian Gollier,Harris Schlesinger

Write a review Read reviews Take a Quiz Solve Book Puzzle

Economic and Financial Decisions under Risk

By: Louis Eeckhoudt,Christian Gollier,Harris Schlesinger

An understanding of risk and how to deal with it is an essential part of modern economics. Whether liability litigation for pharmaceutical firms or an individual's having insufficient wealth to retire, risk is something that can be recognized, quantified, analyzed, treated--and incorporated into our decision-making processes. This book represents a concise summary of basic multiperiod decision-making under risk. Its detailed coverage of a broad range of topics is ideally suited for use in advanced undergraduate and introductory graduate courses either as a self-contained text, or the introductory chapters combined with a selection of later chapters can represent core reading in courses on macroeconomics, insurance, portfolio choice, or asset pricing. The authors start with the fundamentals of risk measurement and risk aversion. They then apply these concepts to insurance decisions and portfolio choice in a one-period model. After examining these decisions in their one-period setting, they devote most of the book to a multiperiod context, which adds the long-term perspective most risk management analyses require. Each chapter concludes with a discussion of the relevant literature and a set of problems. The book presents a thoroughly accessible introduction to risk, bridging the gap between the traditionally separate economics and finance literatures.

Average ratings

N/A

Write a review

Solve jigsaw puzzle

Age

Page Count

245

Publisher

Princeton University Press

Published Date

ISBN 10

1400829216

ISBN 13

9781400829217

Asset and Risk Management

Risk Oriented Finance

By: Louis Esch,Robert Kieffer,Thierry Lopez

Write a review Read reviews Take a Quiz Solve Book Puzzle

Asset and Risk Management

Risk Oriented Finance

By: Louis Esch,Robert Kieffer,Thierry Lopez

The aim of this book is to study three essential components of modern finance – Risk Management, Asset Management and Asset and Liability Management, as well as the links that bind them together. It is divided into five parts: Part I sets out the financial and regulatory contexts that explain the rapid development of these three areas during the last few years and shows the ways in which the Risk Management function has developed recently in financial institutions. Part II is dedicated to the underlying theories of Asset Management and deals in depth with evaluation of financial assets and with theories relating to equities, bonds and options. Part III deals with a central theory of Risk Management, the general theory of Value at Risk or VaR, its estimation techniques and the setting up of the methodology. Part IV is the point at which Asset Management and Risk Management meet. It deals with Portfolio Risk Management (the application of risk management methods to private asset management), with an adaptation of Sharpe’s simple index method and the EGP method to suit VaR and application of the APT method to investment funds in terms of behavioural analysis. Part V is the point at which Risk Management and Asset and Liability Management (ALM) meet, and touches on techniques for measuring structural risks within the on and off balance sheet. The book is aimed both at financial professionals and at students whose studies contain a financial aspect. "Esch, Kieffer and Lopez have provided us with a comprehensive and well written treatise on risk. This is a must read, must keep volume for all those who need or aspire to a professional understanding of risk and its management." —Harry M Markowitz, San Diego, USA

Average ratings

N/A

Write a review

Solve jigsaw puzzle

Age

Page Count

424

Publisher

John Wiley & Sons

Published Date

ISBN 10

0470012587

ISBN 13

9780470012581

Economic and Financial Decisions under Risk

By: Louis Eeckhoudt,Christian Gollier,Harris Schlesinger

Write a review Read reviews Take a Quiz Solve Book Puzzle

Economic and Financial Decisions under Risk

By: Louis Eeckhoudt,Christian Gollier,Harris Schlesinger

Average ratings

N/A

Write a review

Solve jigsaw puzzle

Age

Page Count

245

Publisher

Princeton University Press

Published Date

ISBN 10

1400829216

ISBN 13

9781400829217

Risk and Medical Decision Making

By: Louis Eeckhoudt

Write a review Read reviews Take a Quiz Solve Book Puzzle

Risk and Medical Decision Making

By: Louis Eeckhoudt

Average ratings

N/A

Write a review

Solve jigsaw puzzle

Age

Page Count

140

Publisher

Springer Science & Business Media

Published Date

ISBN 10

1461509912

ISBN 13

9781461509912

Book's by Louis Eeckhoudt

Risk and Medical Decision Making

Risk and Medical Decision Making

Economic and Financial Decisions under Risk

Economic and Financial Decisions under Risk

Asset and Risk Management

Asset and Risk Management

Economic and Financial Decisions under Risk

Economic and Financial Decisions under Risk

Risk and Medical Decision Making

Risk and Medical Decision Making

Username

Password

Username

Password

Password again

Birthday

Email