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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 theorem, were well aware of sophisticated concepts of modern theories of risk-bearing.

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  • Robert J. Aumann, 2002. "Risk Aversion in The Talmud," Discussion Paper Series dp287, The Federmann Center for the Study of Rationality, the Hebrew University, Jerusalem.
    • Handle: RePEc:huj:dispap:dp287
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    Cited by:

    1. 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.
    2. 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.

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