Concept

Utility

Related lectures (32)

Explores the optimal betting strategy in a dynamic programming gambling problem, emphasizing risk preference impact.

Explores dynamic portfolio selection, log-utility functions, risk aversion, and optimal control problems in financial markets.

Equilibrium State Prices Determination

Explains the determination of equilibrium state prices in asset pricing through consumption market clearing and budget constraints.

Role of the State in Market Economy

Explores the state's role in market economy, resource allocation, income redistribution, and consumer optimization.

Expected Utility and Risk-Aversion

Explores expected utility theory, risk-aversion, utility functions, and decision-making under uncertainty.

Dynamic Portfolio Selection

Explores dynamic portfolio selection, utility functions, risk aversion, and log-utility in financial markets.

Introduction to Game Theory

Covers game theory fundamentals, Nash equilibrium, and strategic interactions in multi-agent systems.

Choice Models: Piecewise Linear Specification

Introduces the piecewise linear specification in choice models, illustrating how sensitivity to travel time varies.

Asset Pricing Theory: Risk Aversion and Utility Functions

Explores risk aversion, utility functions, and asset pricing theory, including classic models and the Kreps-Porteus-Epstein-Zin utility function.

Specification of the deterministic part

Explores piecewise linear specifications in choice models and their impact on sensitivity to travel time.

Asset Pricing: Risk-Neutral Measure and State Prices

Covers risk-neutral measure, state prices, utility functions, and risk aversion in asset pricing.

Matlab Functions

Covers the implementation of various Matlab functions for a small macroeconomic model.

Asset Pricing: Utility Functions and Risk Management

Explores utility functions and risk management in asset pricing under uncertainty.

Specification of the deterministic part

Covers the specification of the deterministic part in choice models.

Choice Models: Specification and Heterogeneity

Covers the specification of choice models with qualitative attributes and discusses modeling heterogeneity through segmentation.

Microeconomic Consumer Theory

Covers choice models, consumption bundles, budget constraints, and demand functions in microeconomic consumer theory.

Labor and Firm Theory

Explores labor theory, firm productivity, and decentralized economic equilibrium in macrofinance.

Expected Utility and Risk-Aversion: Theoretical Foundations

Explores expected utility, risk-aversion, insurance premiums, and portfolio choice in asset pricing.

Stochastic Optimal Control: Martingale Theorem

Explores Stochastic Optimal Control, emphasizing Optimal Consumption and Investment, the Martingale Representation Theorem, and the Verification Theorem.

Ingredients of choice theory

Covers the theoretical foundations of choice theory and its key components for decision making.