Economic concept representing the certain outcome that provides the same utility as the expected utility from a gamble.
A measure used in economics to denote the anticipated value of an uncertain situation in relation to wealth.
A measure used in economics to denote the anticipated value of an uncertain situation in relation to wealth.
An exploration of the St Petersburg Paradox, its origins, and implications in economics.
A comprehensive exploration of the economic concept of uncertainty.
Detailed exploration of the concept of utility maximization in economics, including its historical context, definitions, and major analytical frameworks.
