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Job 2 expected income - PowerPoint PPT Presentation

Chapter 5

Chapter 5. Uncertainty and Consumer Behavior. Introduction. Choice with certainty is reasonably straightforward How do we make choices when certain variables such as income and prices are uncertain (making choices with risk)?. Describing Risk. To measure risk we must know:

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Chapter 5

Chapter 5. Uncertainty and Consumer Behavior. Topics to be Discussed. Describing Risk Preferences Toward Risk Reducing Risk The Demand for Risky Assets. Introduction. Choice with certainty is reasonably straightforward

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1.34k views • 118 slides

Chapter 5

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Job 2 expected income - PowerPoint PPT Presentation

Chapter 5

Chapter 5

Chapter 5