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‘Unlikeliness’ of Physical Risks

  • Immo Querner
Part of the Microeconomic Studies book series (MICROECONOMIC)

Abstract

As suggested in the introduction, the ’unlikeliness-problem’ of EUA is closely related to the ‘Allaisparadox’, ‘certainty effect’, and (as it will be demonstrated later) to a so-called Zeckhauser-paradox, which is particularly relevant for physical risks. In order to clarify the discussion, this chapter will start with a brief review of EUA.

Keywords

Option Price Marginal Utility Marginal Rate Indifference Curve Lottery Ticket 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Physica-Verlag Heidelberg 1993

Authors and Affiliations

  • Immo Querner
    • 1
  1. 1.Berlin 12Germany

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