Expected Utility and Risk-Aversion

Related lectures (32)

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Explores utility functions and risk management in asset pricing under uncertainty.

Explores risk aversion, complete markets, and optimal behavior in macro-finance models.

Covers risk-neutral measure, state prices, utility functions, and risk aversion in asset pricing.

Explores the optimal betting strategy in a dynamic programming gambling problem, emphasizing risk preference impact.

Examines risk evaluation, certainty equivalent, and diversification strategies to reduce risk in decision-making processes.

Explores expected utility, risk-aversion, insurance premiums, and portfolio choice in asset pricing.

Explores risk evaluation, equivalent value, and insurance premium in lotteries, as well as discount rate adjustments.

Explores dynamic portfolio selection, log-utility functions, risk aversion, and optimal control problems in financial markets.

Explores risk aversion, utility functions, and asset pricing theory, including classic models and the Kreps-Porteus-Epstein-Zin utility function.

Explores risk aversion, utility functions, and their impact on consumption responses and financial decisions.