The Economics of Uncertainty Season 1 Episode 14 Caring, Sharing, and Risk Bearing
- TV-PG
- May 29, 2015
- 32 min
Altruism is more complicated than simple selflessness. Instead, it may be the world's oldest and most effective risk-sharing system. Discover the power of viewing altruism as economists do--as a mathematical expression called the utility function. Also study altruism's connection to the moral hazard problem.