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Choice Under Risk

Takashi Hayashi ()
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Takashi Hayashi: University of Glasgow

Chapter Chapter 9 in Microeconomic Theory for the Social Sciences, 2021, pp 127-144 from Springer

Abstract: Abstract Uncertainty in a broad sense can be classified into two specific notions. Risk refers to situations in which probability distributions over outcomes are given as objects, such as in coin flipping or throwing a die, or as in game theory in which players make choice over probability distributions over strategies.

Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-16-3541-0_9

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DOI: 10.1007/978-981-16-3541-0_9

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