Risk aversion in the Talmud
@article{Aumann2003RiskAI, title={Risk aversion in the Talmud}, author={R. Aumann}, journal={Economic Theory}, year={2003}, volume={21}, pages={233-239} }
Summary. Evidence is adduced that the sages of the ancient Babylonian Talmud, as well as some of the medieval commentators thereon, were well aware of sophisticated concepts of modern theories of risk-bearing.
12 Citations
Differential Asset Valuation in the Medieval Post-Talmudic Legal Literature
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- Highly Influenced
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a succinct statement of the principle of risk aversion
- a succinct statement of the principle of risk aversion