This episode provides a brief review of Expected Utility Theory without going through Von Neuman and Morgenstern axiomatization.
It's crucial to watch lecture videos in the proper order to ensure effective learning. This is because the concepts in each video build upon those introduced in previous videos. To help you with this, I recommend visiting my website, www.selcukozyurt.com, for a recommended course outline.
Негізгі бет (M5E4) [Microeconomics] A very Short Review of Expected Utility Theory
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