ECONOMICS OF INFORMATION AND UNCERTAINTY

First cycle degree in ECONOMICS

Campus: PADOVA

Language: English

Teaching period: Second Quarter

Lecturer: STEFANO GALAVOTTI

Number of ECTS credits allocated: 6


Syllabus
Prerequisites: Micoreconomics.
Examination methods: Final written exam.
Course unit contents: UNCERTAINTY
- Expected Utility Theory: assumptions, the independence axiom.
- Risk propensity.
- Risk sharing.
- Applications: insurance and portfolio choices.
- Non-Expected Utility Theories (hints).

ECONOMICS OF INFORMATION
- The principal-agent problem.
- Examples.
- Moral hazard. Incentive contracts.
- Adverse selection. Screening and signaling.