Lecture 2 Uncertainty 2
Presentation
T7.1 H&N, Ch. 7 Chapter Outline 7.1Risk Aversion and Demand for Insurance by Individuals The Effects of Insurance on Wealth Risk Aversion Other Factors.
1 15.3 Bearing and Eliminating Risk Why do people buy insurance? Why do people buy extended warranties? Why are extended warranties so expensive? What.
THE DECISION USEFULNESS APPROACH TO FINANCIAL REPORTING Chapter 3.
Economics of incomplete information Traditional microeconomic analysis deals with economic agents making decisions under complete information. Examples.
What Is It Worth
Risk and Insurance
Decision Making for Risky Alternatives Lect. 21 Watch an episode of “Deal or No Deal” Read Chapter 10 Read Chapter 16 Section 11.0 Read Richardson and.
Ch. 8: COMPENSATING WAGE DIFFERENTIALS AND LABOR MARKETS A compensating wage differential –an increment in wages required to attract workers into a job.
CHAPTER 3: THE DECISION USEFULNESS APPROACH TO FINANCIAL REPORTING Francis Moniz, Catherine Koene, Josh Proksch, James Wells, Pamela Feldkamp, Lorcan Duffy.
Introduction to Prospect Theory Psychology 466: Judgment & Decision Making Instructor: John Miyamoto 11/17/2015: Lecture 08-2 Note: This Powerpoint presentation.
