Uncertain Decisions
Subtitle: Bridging Theory and Experiments
Edition: 1 edition
Publisher: Springer
Published: November 30, 1998
Language: eng
Format: Hardcover
Number of pages: 384
ISBN-13: 9780792383918
Subjects: Economic theory & philosophy; Macroeconomics; Science/Mathematics; Economics - General; Utility theory; Decision Support Systems For Business; Probabilities; Computers; Business / Economics / Finance; Management Information Systems; Equilibrium (Economics); Decision Making & Problem Solving; General; Business & Economics / Economics / General; Business & Economics / Economics / Theory; Business & Economics : Decision Making & Problem Solving; Mathematics : General; Congresses; Uncertainty; Decision making
First sentence: The notion of risk aversion originates from Bernoulli's proposal of introducing the certainty equivalent of a lottery through its expected utility.