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Risk and Certainty Equivalent Applet

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A discussion of risk and uncertainty and an applet demonstrating how to calculate a certainty equivalent for risk averse or risk seeking individuals.

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Title: Game Theory and Business Strategy: Risk and Certainty Equivalent Applet
Description:

Explanation of risk, uncertainty, and certainty equivalents. Part of Mike Shor's lecture notes for a course in Game Theory.

Category: Online - Simulation - Strategy - Business - Game - Theory - Risk - Utility - Neutral - Uncertainty - Function - Seeking - Applet - Equivalence - Certainty - Averse


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