The Economics of Risk and Time - (Mit Press) by Christian Gollier (Paperback)

This book provides a comprehensive update and advancement of the theory of expected utility as applied to risk analysis and financial decision making.

With a focus on recent advances in economics of risk and uncertainty, it covers topics such as richer applications of expected utility in finance, macroeconomics, and environmental economics.

The book is appropriate for both students and professionals, with concepts presented intuitively and formally, and balanced by empirical considerations.

Each chapter concludes with a problem set, making it an excellent resource for anyone looking to deepen their understanding of expected utility theory and its practical applications.