Metadata
Author: Common crawl
Data
Czech[cs]
Věčný dluhopis vyplácí kupóny po neomezenou dobu a jeho cena se rovná součtu současných hodnot diskontovaných dluhopisů pomocí výnosu do splatnosti.
English[en]
Besides the use of utility function, risk aversion may also be analysed with the help of certainty equivalents, which are applied in the case of games of chance. The uncertainty equivalent of games of chance is defined as the monetary amount that makes the investor indifferent between certainty and a game of chance.