Documents 1 . 2 Uncertainty Dixit: Optimization in Economic Theory (Chapter 9)

Slide 11  Slide 2 2 Uncertainty Dixit: Optimization in Economic Theory (Chapter 9) Slide 3 3 1,2,3,….,m States of the world p 1, p 2,…..p m probabilities Y 1, Y 2,…..,Y…