Lecture Note on Economic and Financial Decisions under Risk(国外留学时导师Handout document)
基于风险下的经济与金融决策


Course description:
This course  starts by introducing the basic concepts of risk and risk aversion that are crucial throughout the rest of the text. Part II of the text applies these basic concepts to a multitude of personal decisions under risk. Part III uses the results about personal decision making to show how markets for risk are organized and how risky assets are priced. Our final part introduces two important points of departure: decision making under imperfect information and alternatives to the expected-utility framework.
This course is deriving models that help students to understand behavior towards risk. It is not assumed that people actually solve the mathematical problems that we present here. it is designed for use in advanced undergraduate and beginning doctoral courses. We cover a broad array of topics in enough detail that the book may be used as a self-contained text. Alternatively, one can use the first two “basics” chapters, together with a selection of later chapters, as a basis for courses in macroeconomics, insurance, portfolio choice and asset pricing. Such courses can easily adapt the book for the intended use, and supplement it with additional readings or projects.

Textbook:
Economic and Financial Decisions under RiskLouis Eeckhoudt
Christian Gollier
Harris Schlesinger