Risk and Birds Part 2: Modelling Shifting Behaviour Patterns
Following on from the previous blog post, we now consider the cliffhanging suspense we left… Read More »Risk and Birds Part 2: Modelling Shifting Behaviour Patterns
expected value
Von-Neumann, risk, and birds: How to model rational behaviour
The idea of expected utility is one that attempts to mathematically model the choices individuals… Read More »Von-Neumann, risk, and birds: How to model rational behaviour