The Analytics of Uncertainty and Information

This book presents intellectual advances in the theory of uncertainty and information, unifying many important but partial results into a satisfying single picture.

The text also addresses at appropriate points many specific topics such as insurance, the Capital Asset Pricing model, auctions, deterrence of entry, and research and invention.

1. Elements of decision under uncertainty
2. Risk-bearing: the optimum of the individual
3. Comparative statics of the risk-bearing optimum
4. Market equilibrium under uncertainty
5. Information and informational decisions
6. The economics of emergent public information
7. The production of information and its dissemination
8. Informational asymmetry and contract design
9. Strategic uncertainty and equilibrium concepts
10. The economics of contests
11. Competition and hidden knowledge
12. Long-run relationships and the credibility of threats and promises.