The microeconomics of choice under risk and uncertainty Wher are we?

By: BRYANT, W D AMaterial type: Mixed materialsMixed materialsPublisher: 2014Description: 21-40Subject(s): MICROECONOMICS In: VIKALPAMSummary: This paper discuss some of the main attempts made by economic theory to understand how economic agents go about the business of decision making under conditions of risk and uncertainty. It also considers empirical tests of the theoretical possibilities and some of the anomalies and responses thrown up by those tests.
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This paper discuss some of the main attempts made by economic theory to understand how economic agents go about the business of decision making under conditions of risk and uncertainty. It also considers empirical tests of the theoretical possibilities and some of the anomalies and responses thrown up by those tests.

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