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Lecture 5 Consumer Choice under uncertainty - PowerPoint PPT Presentation

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PPT – Lecture 5 Consumer Choice under uncertainty PowerPoint presentation | free to download - id: 270703-ZGI3Y



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Title:

Lecture 5 Consumer Choice under uncertainty

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... is the risky alternative that give Lk with probability ... Problem: the expected utility theory delivers implausible excessive degree of risk aversion! ... – PowerPoint PPT presentation

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