The economics of uncertainty and information
Basic models of risk and asymmetric information, for Economics master’s and PhD students. Previous cohorts of students have often joked that this is essentially a course in integration by parts ($\int uv'=uv-\int u’v$). They may have a point….
1h45 per week, for 14 weeks; 2 problem sets, in-class midterm, in-class final.
Is an increase in risk the same thing as an increase in variance?
Generally it is not.