Thursday, September 19, 2013

Materials in Preparation of Class for Tuesday 9/24

We will be starting in on the economics of risk and uncertainty.  These are background materials.  There are a couple of videos to watch and a document to read.  I hope the document is mostly familiar stuff.  If it is not, please let me know.  Please review these before class on Tuesday.  I expect to do other things and hope this stuff is understood.  There will be a follow up Excel homework on this to test your understanding.

Background document on math and philosophy of  probability.
PDF File

Increasing Risk and Risk Aversion
Micro-lecture (screen capture video with my voice over).
Associated PowerPoint file.

Graphical Approach to Risk Aversion
Associated Excel file.

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