Choice Under Uncertainty | Part 1 | Meaning of Expected Value and Expected Utility | 35 |
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YouTubenishant mehra
Choice Under Uncertainty | Part 1 | Meaning of Expected Value and Expected Utility | 35 |
This video talks about 1. What is the meaning of Expected Value and Expected Utility? 2. When will the consumer prefer a certain income over a gamble? (REFERENCE : Varian Ch 12) This is useful for those who are preparing 1) Intermediate Microeconomics Course in their semesters 2) UGC Net Economics 3) Basics of MA Economics Entrance Exam (DSE ...
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