brationalityandrisks.py

Created by pianet-hugo-39

Created on April 28, 2025

357 Bytes


 Substantive: focuses on the result
 
 Procedural: focuses on the choice process

Limits of Homo oeconomicus
- Information
- Cognitive ability

Uncertainty overcome by
- Calculation
- Values, beliefs, perception...

Risk is :
- measurable
- aprobability of /= outcomes

3 Types of Attitude: 
- risk-averse
- neutral
- risk-loving

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