Economics of Risk

3 credits · Undergraduate

Decision making under risk and uncertainty. Expected utility, risk aversion, and the value of information. Investments, insurance, and lotteries. Moral hazard and adverse selection. Prospect theory. Serves as repeat credit for ECON 3893-01 in Fall 2016. Prerequisite: 3010 (or 3012) with either 1500 or 1510; or Math 2820L with either Math 2810 or Math 2820. [3] (SBS)