using imperfect information and his research on bearing risk

Smith, Vernon L. "Review of 'Essays in Theory of Risk Bearing'." Journal $10.95. This volume provides an edited collection of Kenneth Arrow's many con-.

Vernon Smith reviews

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to the theory of choice in risk-taking ..

Essays in the theory of risk-bearing / Kenneth Joseph Arrow on ResearchGate, the professional network for scientists.

Kenneth Arrow

Kenneth J. Arrow is Professor of Economics Emeritus and Professor ofManagement Science and Engineering Emeritus at Stanford University. Hisresearch interests have largely been devoted to applications of rationalchoice theory. Among these fields have been the theory of social choice,general economic equilibrium, the economics of information, inventoryanalysis, the economics of medical care, the consequences of marketfailure, the measurement of environmental impacts, and the impact ofsocial interactions on economic behavior. He is the author or co-authorof Social Choice and Individual Values, General Competitive Analisys, The Limits of Organization, Essays in Theory of Risk Bearing, and numerouspapers. He has been president of several learned societies and receivedseveral awards and honorary degrees.

Title of Talk: Economists and Glory