第12章讲义 不确定性.pptVIP

“Unfair” Insurance Rational choice requires Since Hence for a risk-averter. “Unfair” Insurance Rational choice requires Since Hence for a risk-averter. I.e. a risk-averter buys less than full “unfair” insurance. Uncertainty is Pervasive What are rational responses to uncertainty? buying insurance (health, life, auto) a portfolio of contingent consumption goods. Uncertainty is Pervasive What are rational responses to uncertainty? buying insurance (health, life, auto) a portfolio of contingent consumption goods. ? Uncertainty is Pervasive What are ration