Risk Aversion and Risk Taking
Media Type: Lecture Clips Topic: Game Theory, Economic Crisis, Money & Banking, Monetary & Fiscal Policy
- Dig This?
Like it? Share it!
This lecture clip illustrates the Allais Paradox and highlights some game theory behind gambling. Dirk asks students to choose between four gambling scenarios and then analyzes classroom responses from a game theoretical perspective, demonstrating preference reversal and illustrating the Allais Paradox in the process.
- Your Thoughts
- Was this helpful to you? (11 votes)
- Related Content