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北大微观经济学(英文版)ch12 Uncertainty课件
Chapter Twelve;Structure;Uncertainty is Pervasive;Uncertainty is Pervasive;States of Nature;Contingencies;Contingencies;Preferences Under Uncertainty;Preferences Under Uncertainty;Preferences Toward Risk;Think of a lottery.
Win $90 with probability 1/2 and win $0 with probability 1/2.
U($90) = 12, U($0) = 2.
Expected utility is;Think of a lottery.
Win $90 with probability 1/2 and win $0 with probability 1/2.
Expected money value of the lottery is;Preferences Under Uncertainty;Risk Averse;Risk Averse;Risk-Loving;Risk Loving;Risk Neutral;Risk Neutral;Indifference Curves Under Uncertainty;Preferences Under Uncertainty;Preferences Under Uncertainty;Preferences Under Uncertainty;Preferences Under Uncertainty;Budget Constraint with Insurance;State-Contingent Budget Constraints;State-Contingent Budget Constraints;State-Contingent Budget Constraints;State-Contingent Budget Constraints;Buy $K of accident insurance.
Cna = m - ?K. （ ?K 为premium(保费)）
Ca = m - L - ?K + K = m - L + (1- ?)K.;Cna;Choice Under Uncertainty;Cna;Cna;Cna;Cna;Cna;Example: Competitive Insurance;Competitive Insurance;Competitive Insurance;Competitive Insurance;Competitive Insurance;Competitive Insurance;Competitive Insurance;Competitive Insurance;“Unfair” Insurance;“Unfair” Insurance;“Unfair” Insurance;“Unfair” Insurance;“Unfair” Insurance;“Unfair” Insurance;Uncertainty is Pervasive;Diversification (多样化）;Diversification;Diversification;Diversification;Risk Spreading/Mutual Insurance;Risk Spreading/Mutual Insurance
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