Incertidumbre: loterías y riesgo
[Uncertainty: lotteries and risk]
In this paper we develop the theory of uncertainty in a context where the risks assumed by the individual are measurable and manageable. We primarily use the definition of lottery to formulate the axioms of the individual's preferences, and its representation through the utility function von Neumann - Morgenstern. We study the expected utility theorem and its properties, the paradoxes of choice under uncertainty and finally the measures of risk aversion with monetary lotteries.
|Date of creation:||29 May 2011|
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- Adolfo Figueroa, 1993. "Crisis distributiva en el Perú," Libros PUCP / PUCP Books, Fondo Editorial de la Pontificia Universidad Católica del Perú, edition 1, number lde-1993-03, July.
- Mas-Colell, Andreu & Whinston, Michael D. & Green, Jerry R., 1995. "Microeconomic Theory," OUP Catalogue, Oxford University Press, number 9780195102680, December.
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