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Betting
Lesson 9 of 10 • 1 upvotes • 5:17mins
Rakesh Sud
This lesson deals with a fair bet is a lottery in which the expected payoff is equal to the cost of playing.Most people will not take a fair bet unless the dollar amount involved is small. Utility lost is greater than utility gained
Key Concepts in Accounts
10 lessons • 56m
1
Overview: Key Concepts in Finance
7:09mins
2
Present and Future Value Factors
5:09mins
3
Compounding
5:08mins
4
Growing Income Streams
5:09mins
5
Relationship between Risk and Return
5:10mins
6
Utility
5:07mins
7
Marginal Rate of Substitution
6:56mins
8
St. Petersburg Paradox
6:29mins
9
Betting
5:17mins
10
Price Risk Versus Convenience Risk
5:05mins
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