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Outcomes inherently risky effect - PowerPoint PPT Presentation

QR 38 4/3/07, Uncertainty I. Risk II. Agency problems III. Asymmetric information and perceptions

QR 38 4/3/07, Uncertainty I. Risk II. Agency problems III. Asymmetric information and perceptions. Uncertainty means lack of certainty about the outcomes of a game. Many possible sources: Outcomes inherently risky (effect of weather on a battle) Actions difficult to observe

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Outcomes inherently risky effect - PowerPoint PPT Presentation

QR 38 4/3/07, Uncertainty I. Risk II. Agency problems III. Asymmetric information and perceptions