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Lecture
Are you an EPFL student looking for a semester project?
Work with us on data science and visualisation projects, and deploy your project as an app on top of Graph Search.
This lecture covers the concept of utility functions in asset pricing, focusing on risk management and portfolio choice under uncertainty. It discusses the historical background of expected utility theory, different utility functions, and their implications for decision-making under risk. The lecture also explores the relationship between risk aversion and the resolution of uncertainty, highlighting the impact on asset pricing models.