Chapter 20
Uncertainty
Belirsizlik ve Beklenen Değer
People face uncertain situations. Uncertainty arises in situations where future outcomes are unknown and influenced by chance or external factors. A ...
Gelirin Azalan Marjinal Faydası
Utility reflects the satisfaction individuals gain from consuming goods and services. As income rises, people can afford more goods and services, ...
Beklenen Gelir, Beklenen Fayda ve Riskten Kaçınma I
Consider a hypothetical example where John is evaluating a job offer from a company. If the company performs well, John will earn an annual income ...
Beklenen Gelir, Beklenen Fayda ve Riskten Kaçınma II
John is evaluating a job offer from a company where his income will be uncertain. If the company performs well, John will earn an annual income of ...
Sigorta ve Çeşitlendirme
Mitigating financial risk is crucial, and two key strategies for doing so are insurance and diversification. Insurance helps individuals and businesses ...
Risksiz ve Riski Seven
Individuals make decisions based on their preferences toward risk. A risk-neutral person has constant marginal utility of income. This means that each ...
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