Expected Utility (2): Risk Aversion and Insurance

This video clip illustrate the maximum amount that a consumer is willing to pay for an insurance to avoid the risk.

[@frankpage6083]

Excellent mini lecture on risk aversion and insurance. I recommend it to my students.

[@IrisFranz]

Thank you Frank!

[@hamza3065]

can't thank you enough, couldn't have understood this concept without your help

[@IrisFranz]

You’re welcome. Happy learning!

[@31mbmx]

learnt more in 6 minutes than i learnt in 20 hours with my lecturer

[@IrisFranz]

Glad that the clip was helpful!

[@jet6477]

I am gonna email this comment to your lecturer

[@caryhuang4292]

@@jet6477 lolll

[@sabinamulalambuka3065]

You teach well👍

[@IrisFranz]

Thanks!

[@pierreguillin4419]

Thanks for your explications, from France :)

[@IrisFranz]

You’re welcome. Happy learning!

[@Keaner-1908]

谢谢你的视频 我的eco有救啦

[@IrisFranz]

不客氣。祝學業順利

[@tomekpartyka8632]

i love you ma’am

[@jeremypickup9400]

Amazing

[@maikieu4976]

Thank you so much

[@arjunsingha703]

Wow..thats exactly what I was looking for

[@IrisFranz]

Glad to help!

[@SteveKritt]

Thank you So much, you’re the best!!!

[@IrisFranz]

Thanks. Happy learning!

[@zebrabanana4317]

I love iris, just really hope she can do the British system's economics as well im dying

[@24082408s]

This is great!! Thank you so much. I have a small doubt, why is the first derivative bigger than 0? I didn't really get that

[@수요일-i4m]

It means that utiity is higher with more wealth

[@IrisFranz]

U(x) is increasing in x, so the more money, the higher the utility.

[@maftoumiali4412]

you're the best

[@IrisFranz]

Thanks & happy learning!

[@maftoumiali4412]

thank you

[@IrisFranz]

You're welcome

[@anonimo26666]

confusing :(

[@jet6477]

ＴＨＡＮＫ　ＹＯＵ　ＳＯ　ＭＵＣＨ！ＹＯＵ　ＡＲＥ　ＳＯ　ＭＵＣＨ　ＢＥＴＴＥＲ　ＴＨＡＮ　ＭＹ　ＰＲＯＦＥＳＳＯＲ

[@IrisFranz]

Glad that the clip was helpful!