(M5E3) [Microeconomics] Expected Utility Theory

In this episode we introduce the famous expected utility theory. We provide Von Neuman and Morgenstern axiomatization by defining some important concepts: Independence axiom and Continuity axiom.
It's crucial to watch lecture videos in the proper order to ensure effective learning. This is because the concepts in each video build upon those introduced in previous videos. To help you with this, I recommend visiting my website, www.selcukozyurt.com, for a recommended course outline.

[@sakana_OAO]

Thank you very much! You explained way better than my lecturer!

[@hadidwindoro]

Thank you so much! your videos really helpful for people like me who don't have math or econ background!