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Risk aversion in the Talmud

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Author Info
Robert J. Aumann

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Abstract

Evidence is adduced that the sages of the ancient Babylonian Talmud, as well as some of the medieval commentators thereon, were well aware of sophisticated concepts of modern theories of risk-bearing. Copyright Springer-Verlag Berlin Heidelberg 2003

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File URL: http://hdl.handle.net/10.1007/s00199-002-0304-9
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Publisher Info
Article provided by Springer in its journal Economic Theory.

Volume (Year): 21 (2003)
Issue (Month): 2 (03)
Pages: 233-239
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Handle: RePEc:spr:joecth:v:21:y:2003:i:2:p:233-239

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Related research
Keywords: Keywords and Phrases: Talmud; Risk aversion; Subjective value.; JEL Classification Numbers: B11; D80.;

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  1. Harmgart, Heike & Huck, Steffen & Mueller, Wieland, 2006. "The Miracle as a Randomization Device A Lesson from Richard Wagner's Romantic Opera Tannhaeuser und der Saengerkrieg auf Wartburg," Discussion Paper 6, Tilburg University, Tilburg Law and Economic Center. [Downloadable!]
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This page was last updated on 2009-10-24.

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