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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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| URL: |
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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
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Simulation
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Strategy
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Business
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Game
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Theory
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Risk
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Utility
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Neutral
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Uncertainty
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Function
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Seeking
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Applet
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Equivalence
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Certainty
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Averse
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