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Risk Aversion in The Talmud

Robert J. Aumann

Discussion Paper Series from Center for Rationality and Interactive Decision Theory, Hebrew University, Jerusalem

Abstract: Evidence is adduced that the sages of the ancient Babylonian Talmud, as well as some of the medieval commentators theorem, were well aware of sophisticated concepts of modern theories of risk-bearing.

New Economics Papers: this item is included in nep-gth
Date: 2002-05

Published in Economic Theory, 2003, vol. 21, pp. 233-239.

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