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Documents Economics 202: Intermediate Microeconomic Theory 1.HW #5 on website. Due Tuesday.

Slide 1 Economics 202: Intermediate Microeconomic Theory 1.HW #5 on website. Due Tuesday. Slide 2 Expected Value Suppose that Smith and Jones decide to flip a coin –heads…

Documents Decision making Under Uncertainty

Decision making Under Uncertainty Uncertainty, Probability, and Expected Value Decision Trees Sequential Decisions Risk Aversion Expected utility Expected Utility and Risk…