微觀經濟學及財務知識分析範文(ppt 135頁)

微觀經濟學及財務知識分析範文(ppt 135頁)簡介：

To measure risk we must know:
1) All of the possible outcomes.
2) The likelihood that each outcome will occur (its probability).

Interpreting Probability
Objective Interpretation
Based on the observed frequency of past events

Interpreting Probability
Subjective
Based on perception or experience with or without an observed frequency
Different information or different abilities to process the same information can influence the subjective probability

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