微观经济学第5版迈克尔·帕金著梁小民译第21章不确定性与信息.pptVIP

55 56 57 58 59 60 18 20 Instructor Notes: 1) People’s dislike of risk implies a diminishing marginal utility of wealth. 2) A (hypothetical) risk-neutral person has a linear utility of wealth curve and a constant marginal utility of wealth. 3) For a risk-neutral person, expected utility does not depend on the range of uncertainty, and the cost of risk is zero. 21 22 23 Instructor Notes: 1) Total expenditure on private insurance is more than a trillion dollars a year. 2) Most is spent on life insurance and health insurance. 24 25 26 Instructor Notes: 1) Dan has a car valued at $10,000 that gives