Describing risk, Microeconomics

Assignment Help:

Describing Risk

* To measure risk we should know:

 1) All the outcomes which are possible.

 2) The probability that each outcome will occur.

* Interpreting Probability

- The probability of the given outcome to occur

* Interpreting Probability

- The probability which the given outcome will occur

- Objective Interpretation

  • Based on frequency which is observed of past events

- Subjective

  • Based on experience or perception with or without an observed frequency

-  Different information or abilities to process the same information can influence subjective probability 


Related Discussions:- Describing risk

Consumer''s chiose involving risk, risk describe,prefrence towards risk,the...

risk describe,prefrence towards risk,the demand for risky assets.consumer behaviour under asymmetricinformation

Calculate the equilibrium price and quantity, Question: (a) The market...

Question: (a) The market demand schedule and market supply schedule for firm H is as follows: Q D = 500 - 10P Q S = -100 + 6P Where Q D and Q S denotes quantity de

Externalities, Assignment: Externalities •Consider the following scenario: ...

Assignment: Externalities •Consider the following scenario: The city council has just approved the construction of a water park in your town. As city economist, you are responsible

Visit to village panchayat for agriculture based project., any village panc...

any village panchayat in west bengal and get information for doing a project.

MARKET TARGETING STATERGIES, A MANUFACTURING UNIT IS INTERESTED IN DEVELOPI...

A MANUFACTURING UNIT IS INTERESTED IN DEVELOPING A BENEFIT SEGMENTATION OF THE CAMERA MARKET. SUGGEST SOME MAJOR BENEFIT SEGMENT WITH MARKET TARGETING STRATEGIES?

Microeconomics, when the demand function is 2Q-24+3P=0,find the marginal re...

when the demand function is 2Q-24+3P=0,find the marginal revenue when Q=3.

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd