Spanish term
Economía del Riesgo y de la Información
| 4 +1 | economics of risk and information |
philgoddard
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| 5 | Economics of Risk and Information |
nweatherdon
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| 5 | Risk and Information Economics |
jude dabo
|
Non-PRO (1): philgoddard
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Proposed translations
United States
Six languages into flawless English
Native in: English
Works in: German to English, French to English, Spanish to English, and 4 more.
economics of risk and information
His other interests include the economics of risk and information...
The economics of risk and information – he has written several papers on the adverse selection, the value of information, and the design of insurance contracts with imperfect information.
Canada
Economics, finance and biosciences
Native in: English
Works in: French to English, English to French, Spanish to English, and 2 more.
Economics of Risk and Information
The economics of risk has to do with ways of modelling risk aversion, typically expressed as risk loving or risk averse, and these are mathematical conditions. Then, how this affects economic decisions.
Economics of information is a little different, and less established. I don't think there's a mainstream paradigm here. But basically, that when you have less information then the quality of decision making is lower. It involves analysis of costs of getting information, costs of digesting or being able to make use of information, and the end effects that this may have on the quality of decisions made.
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