Abstract
The theory of the optimal allocation of resources under conditions of certainty is well-known. In the present note, an extension of the theory to conditions of subjective uncertainty is considered.
Keywords
EconomicsBearing (navigation)Actuarial scienceFinancial economicsComputer scienceArtificial intelligence
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Publication Info
- Year
- 1973
- Type
- book-chapter
- Pages
- 258-263
- Citations
- 1194
- Access
- Closed
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Cite This
K. J. Arrow
(1973).
The Role of Securities in the Optimal Allocation of Risk-bearing.
, 258-263.
https://doi.org/10.1007/978-1-349-15492-0_19
Identifiers
- DOI
- 10.1007/978-1-349-15492-0_19