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The Economics of Information

Lecture no. 8 from the course: Thinking like an Economist: A Guide to Rational Decision Making

The Economics of Information

Taught by Professor Randall Bartlett | 29 min | Categories: The Great Courses Plus Online Economics & Finance Courses

Safety, like everything, has a cost; at some point, being a little safer costs more than it is worth. By studying how economists evaluate risk, learn how the concept of expected value permits rational decision making in situations with risk, but also brings its own set of dangers.


December 21, 2016