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Risk attitude & Economics

First issue of Les Regards, by Laura Concina
Author(s)
Laura Concina
Issue
2014-01
Number of pages
40 pages
Interest
L'Arbitrage

Risk attitude & Economics

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Abstract

This document is an introduction, for non-economists, to standard and behavioral economic theories of risk and uncertainty. It describes some broadly-accepted results in economics that are determinant in decision-making under risk or uncertainty and in situations where we have to deal with losses and gains.

To illustrate this point, the document presents a selection of theoretical results, ponctuated with examples taken from everyday life, and research studies in economics and psychology on the perception of risk.