Chapter

Attitudes Towards Risk

G. B. Richardson

in Information and Investment

Second edition

Published in print July 1997 | ISBN: 9780198292432
Published online November 2003 | e-ISBN: 9780191596810 | DOI: http://dx.doi.org/10.1093/0198292430.003.0009
 Attitudes Towards Risk

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The cost of providing for adaptability will by itself result in discrimination against investments in accordance with the uncertainty of their outcomes. The attitude of both firms and individuals towards uncertainty is discussed. Insurance and gambling are considered with reference to the dislocation effect of unexpected income changes.

Keywords: dislocation; gambling; insurance; risk; utility

Chapter.  6697 words.  Illustrated.

Subjects: Microeconomics

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