(M5E1) [Microeconomics] Introduction to Uncertainty and Risk

[@burnedmymind]

Thank you! Can we listen these videos for Varian or Collell's "Intermadiate Microeconomics" textbooks?

[@mishrashubham007]

At 10:08 i believe that there is no requirement to specify [0,1] because the condition of summation implies that

[@abdallahelmoctar7635]

What i understood from the video is that to quantify uncertainty, one must assign probabilities to alternatives and not the outcomes, and then redefine the main uncertainty component in question as a function of the relative probabilities you set, am i right?

[@mercedesgomez8488]

I think you are.

[@mertyildirir]

Thank you!

[@LDB-cz1wf]

I thought the letter Z in Canada was pronounced "zed"

[@scarlettliu885]

It is useful.