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Descripción
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| Since the 1940s, the analysis of behaviour under uncertainty has become an important area in economic research. The expected utility (EU) model suggested by Von Neumann and Morgenstern soon became the leading theory of risky choices. Based on the EU model, different theories of decision making have been developed. The EU approach has been widely used in the analysis of different topics involving risk such as investment portfolios, insurance contracts, risky assets, etc. In spite of its widespread use, various anomalies have been attributed to the EU model. Criticisms have come not only from economists, but also from psychologists and have led to a wide array of alternatives being proposed | |
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Internacional
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Si |
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Nombre congreso
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III Workshop on Valuation Methods in Agro-food and Environmental Economics: ¿Decisions and choices under uncertainty in Agro-food and Natural Resource |
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Entidad organizadora
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Politechnic University of Catalonia |
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Nacionalidad Entidad
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Sin nacionalidad |
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Lugar/Ciudad de impartición
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Fecha inicio
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01/07/2010 |
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Fecha fin
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02/07/2010 |