Decisions Under Uncertainty

4 credits

Decision making when the consequences are uncertain. Decision trees, payoff tables, decision criteria, expected utility theory, risk aversion, and applications to investments and asset pricing. Prerequisites: ECON 100A and ECE 109 or MAE 108 or MATH 181A or ECON 120A or MATH 180A or MATH 183 or MATH 186 or MATH 180B.