中级微观经济学之第五讲：不确定性与消费者行为.pptVIP

Lecture Ⅴ Uncertainty and Consumer Behavior 5.1 Describing Risk Expected Value Variability 5.2 Preferences Toward Risks * Behavior Under Uncertainty Risk Premium: the maximum amount of money that a risk-averse person will pay to avoid taking a risk. Risk Aversion and Indifference Curve 5.3 Reducing Risk Diversification Insurance The Value of Information 5.4 The Demand for Risky Assets The risk-free return on the treasury bill Expected return from investing in the stock market The standard deviation of the portfolio and risky market investment Actual return from investing in the stock market E