Risk aversion in the Talmud

@article{Aumann2002RiskAI,  title={Risk aversion in the Talmud},  author={Robert J. Aumann},  journal={Economic Theory},  year={2002},  volume={21},  pages={233-239},  url={https://api.semanticscholar.org/CorpusID:153741018}}
  • R. Aumann
  • Published1 May 2002
  • Economics, History
  • Economic Theory
Summary. 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. 

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