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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 theorem, were well aware of sophisticated concepts of modern theories of risk-bearing.

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Publisher Info
Paper provided by Center for Rationality and Interactive Decision Theory, Hebrew University, Jerusalem in its series Discussion Paper Series with number dp287.

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Length: 10 pages
Date of creation: May 2002
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Publication status: Published in Economic Theory, 2003, vol. 21, pp. 233-239.
Handle: RePEc:huj:dispap:dp287

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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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