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Expected Utility and Risk Preferences

42,817 views

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Katherine Silz-Carson

6.47K subscribers

Tue, 22 Sep 2020 00:00:00 GMT
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expected utility

risk preferences

consumer theory

microeconomics

This video provides a basic explanation of how to calculate a consumer's expected utility from a risky choice. Also explain the different types of risk preferences and the relationship between the shape of a utility function and a consumer's risk preferences.

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