Risk aversion in the Talmud

Robert J. Aumann*

*Corresponding author for this work

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6 Scopus citations

Abstract

Evidence is adduced that the sages of the ancient Babylonian Talmud, as well as some of the medieval commentators thereon, were well aware of sophis-ticated concepts of modern theories of risk-bearing.

Original languageEnglish
Pages (from-to)233-239
Number of pages7
JournalEconomic Theory
Volume21
Issue number2-3
DOIs
StatePublished - Mar 2003

Keywords

  • Risk aversion
  • Subjective value
  • Talmud

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  • Risk aversion in the Talmud

    Aumann, R. J., 2004, Assets, Beliefs, and Equilibria in Economic Dynamics: Essays in Honor of Mordecai Kurz. Aliprantis, C. D., Arrow, K. J., Hammond, P., Kubler, F., Wu, H.-M. & Yannelis, N. C. (eds.). Berlin, Heidelberg: Springer Berlin Heidelberg, p. 19-25 7 p.

    Research output: Chapter in Book/Report/Conference proceedingChapterpeer-review

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