The Economics of Kenneth J. Arrow: A Selective Review.
Aspects of the theory of risk-bearing. (Kenneth J Arrow) Home. WorldCat Home About WorldCat Help. Search. Search for Library Items Search for Lists Search for Contacts Search for a Library. Create lists, bibliographies and reviews: or Search WorldCat. Find items in libraries near you.Kenneth Joseph Arrow (born August 23, 1921) is an American economist and joint winner of the Nobel Memorial Prize in Economics with John Hicks in 1972. To date, he is the youngest person to have received this award, at 51. In economics, he is considered an important figure in post-World War II neo-classical economic theory.Many of his former graduate students have gone on to win the Nobel.The Arrow information paradox (information paradox for short or AIP), and occasionally referred to as Arrow's disclosure paradox, named after Kenneth Arrow, American economist and joint winner of the Nobel Memorial Prize in Economics with John Hicks, is a problem that companies face when managing intellectual property across their boundaries.
We use cookies to offer you a better experience, personalize content, tailor advertising, provide social media features, and better understand the use of our services.Moral hazard has been studied by insurers and academics; such as in the work of Kenneth Arrow, Tom Baker, and John Nyman. The name comes originally from the insurance industry. Insurance companies worried that protecting their clients from risks (like fire, or car accidents) might encourage those clients to behave in riskier ways (like smoking in bed or not wearing seatbelts).
See Shepsle, Kenneth A., Essays on Risky Choice in Electoral Competition (unpublished doctoral dissertation, University of Rochester, 1970), Chap. 4. Also see Samberg, Robert G., “ Collective Decision-Making in a Bounded Prospect Space ,” a paper delivered at the Sixty-sixth Annual Meeting of the American Political Science Association, Los Angeles, 1970.
