Risk & uncertainty

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June 27, 2018 at 4:04 pm #460381
iyamu
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The risk neutral , is he maxmin ? Are we suppose to use the expected value also?
June 27, 2018 at 4:19 pm #460383
John Moffat
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Maximin is a risk avoider approach.

The risk neutral approach is expected values.

As I have told you over and over again – this is all explained in my free lectures.
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