A neon sign in a store window lures passersby to come in and buy a lottery ticket. Playing the lottery is considered "decision making under risk" in the field of microeconomics. (Image courtesy of Ana Belén Ramón on Flickr. License: CC BY-NC-SA.)
Instructor(s)
Prof. Muhamet Yildiz
MIT Course Number
14.123
As Taught In
Spring 2015
Level
Graduate
Course Description
Course Features
Course Description
This course covers models of individual decision-making under certainty and uncertainty. Applications include risk sharing and financial markets; contracts and information economics; village economies and national development; models with money and credit; trade, spatial economics and differentiated commodities.
Other Versions
Other OCW Versions
Archived versions: 