Decision Making Under Uncertainty – Attitude towards Risk in Hindi

Описание к видео Decision Making Under Uncertainty – Attitude towards Risk in Hindi

UGC NET/JRF
Unit - 1
Subtopic: Decision Making Under Uncertainty: Attitude towards Risk

The video discusses the complete topic. The theories we have covered here are:

• The St. Petersburg Paradox
• Utility Theory and attitude towards risk
• Von Neumann and Morgenstern (vNM) Expected Utility Function
• Friedman-Savage utility function (hypothesis)
• Jensen’s inequality yield
• Arrow-Pratt Coefficient of risk aversion
• Risk Return trade-off and choice of portfolio

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