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Risk aversion in the Talmud

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  • Robert J. Aumann

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 sophisticated concepts of modern theories of risk-bearing. Copyright Springer-Verlag Berlin Heidelberg 2003

Suggested Citation

  • Robert J. Aumann, 2003. "Risk aversion in the Talmud," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 21(2), pages 233-239, March.
    • Handle: RePEc:spr:joecth:v:21:y:2003:i:2:p:233-239
    DOI: 10.1007/s00199-002-0304-9
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    Cited by:

    1. James R. Garven, 2007. "Risk Management: The Unifying Framework for Business Scholarship and Pedagogy," Risk Management and Insurance Review, American Risk and Insurance Association, vol. 10(1), pages 1-12, March.
    2. Harmgart, Heike & Huck, Steffen & Müller, Wieland, 2009. "The miracle as a randomization device: A lesson from Richard Wagner's romantic opera Tannhäuser und der Sängerkrieg auf Wartburg," Economics Letters, Elsevier, vol. 102(1), pages 33-35, January.

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