Expected utility

Results: 584



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391Strategy / Expected utility hypothesis / Economic equilibrium / Economics / Game theory / Problem solving / Nash equilibrium

Three Problems from Midterm to be done as Homework 5. Many handsome young fellows would like to marry Barbie, a beautiful princess. Barbie doesn’t care which one she marries as long as he is rich. But Barbie is not abl

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Source URL: www.econ.ucsb.edu

Language: English - Date: 2014-02-26 17:42:36
392Concave function / Convex function / Quasiconvex function / Utility / Hessian matrix / Expected utility hypothesis / Insurance / Dracula / Logarithmically concave function / Mathematical analysis / Mathematical optimization / Convex analysis

Midterm Exam, Econ 210A, Fall[removed]Elmer Kink’s utility function is min{x1 , 2x2 }. Draw a few indifference curves for Elmer. Find each of the following for Elmer: • His Marshallian demand function for each good.

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Source URL: www.econ.ucsb.edu

Language: English - Date: 2008-11-03 16:55:56
393Knowledge / Economics / Utility / Expected utility hypothesis / Actuarial science / Von Neumann–Morgenstern utility theorem / John von Neumann / Lottery / Gambling / Decision theory / Game theory / Science

Homework Problems on Expected Utility Fall 2009, Econ 210A UCSB 1. Randy Variable is an expected utility maximizer with a von Neumann Morgenstern utility function v(x) = x1/2 . He has a wealth of $99, 000. His shady brot

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Source URL: www.econ.ucsb.edu

Language: English - Date: 2009-11-09 14:09:46
394Economics / Game theory / Microeconomics / Mathematics / Expected utility hypothesis / Indirect utility function / Gorman polar form / Homothetic preferences / Preference / Utility / Decision theory / Consumer theory

Name Final Exam, Econ 210A Answer as many questions as you can. Enjoy. 1. A poor fellow is an expected utility maximizer with a von Neumann Morgenstern utility function v(x) = x1/2 . He has a wealth of $99, 000. His shad

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Source URL: www.econ.ucsb.edu

Language: English - Date: 2009-11-29 17:08:07
395Expected value / Economic model / Probability and statistics / Human behavior / Personal life / Decision theory / Utility / Coin flipping

Lecture 22: Macroeconomics Today will be a lecture on resource allocation. In Lecture 20, we saw that if f, g are functions continuous on [0, ∞) which are twice continuously differentiable on (0, ∞) and satisfy f 00

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Source URL: math.caltech.edu

Language: English - Date: 2013-11-22 11:32:25
396Science / Uncertainty / Decision making / Adaptive management / Dynamic programming / Dynamic decision-making / Expected utility hypothesis / Utility / Info-gap decision theory / Decision theory / Statistics / Knowledge

Microsoft PowerPoint - 08 Dynamic Decisions 2013.pptx

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Source URL: training.fws.gov

Language: English - Date: 2013-10-24 08:48:40
397Decision theory / Actuarial science / Coins / Ducat / Numismatics / Expected utility hypothesis / Expected value / Daniel Bernoulli / Risk / Utility / Ethics / Management

Exposition of a New Theory on the Measurement of Risk Daniel Bernoulli Econometrica, Vol. 22, No. 1. (Jan., 1954), pp[removed]Stable URL: http://links.jstor.org/sici?sici=[removed]%[removed]%2922%3A1%3C23%3AEOANTO%3E2.0.C

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Source URL: www.econ.ucsb.edu

Language: English - Date: 2007-11-30 17:15:59
398Insurance / Types of insurance / Economics / Vehicle insurance / Risk purchasing group / Life insurance / Financial institutions / Financial economics / Institutional investors

Answer to Kreps Problem[removed]a) First calculate Drake’s expected utility if he has no insurance. This is p p .7 × 90, 000 + .3 × 40, 000 = 270. Now calculate his utility if he buys the insurance policy. This is

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Source URL: www.econ.ucsb.edu

Language: English - Date: 2010-06-04 18:25:57
399Actuarial science / Business / Economics / Human behavior / Consumer behaviour / Risk aversion / Expected utility hypothesis / Prospect theory / Principal–agent problem / Decision theory / Utility / Behavioral finance

Information Aversion ∗ Marianne Andries

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Source URL: chicagofed.org

Language: English - Date: 2014-05-02 17:11:47
400Billboard charts / Artificial intelligence / Bayesian statistics / Game theory / Influence diagram / Action selection / Rain / Bayesian network / Expected utility hypothesis / Singles / Statistics / Decision theory

Decisions and Value of Information Hal Daumé III Computer Science University of Maryland [removed]

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Source URL: www.umiacs.umd.edu

Language: English - Date: 2012-04-17 08:42:40
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