Y1 - Int. to Behavioural Economics

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Summary

Week 2

Erasmus Universiteit · Int. Economics and Business Economics

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Week 2
Chapter 6: Rational Choice under Risk and Uncertainty
6.2 Uncertainty
6.3 Expected Value
6.4 Expected Utility
6.5 Attitudes toward Risk
Chapter 7: Decision-Making under Risk and Uncertainty
7.2 Framing effects in decision-making under risk
7.3 Bundling and mental accounting
7.4 The Allais problem and the sure-thing principle
7.5 The Ellsberg problem and ambiguity aversion
7.6 Probability weighting

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