Welcome to the first unit of the third sequence on mathematical programming.
For each lesson, we suggest that you watch a video of the theoretical contents and download the slides of the lesson using the matching links. In this lesson on the notion of risk, nearly every lesson comes with an activity-example which we encourage you to do in depth. Each of these will be followed by a detailed correction of the example.
Each lesson then contains one or several activities. The model construction activities may use models already described in a previous unit. If you have not done the activity in question, you may find the relevant model in the “Model library”.
Lesson 21 : Agriculture, a risky activity
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 (12 min) |
 Quiz 21 !  |
  : Studying income variability  |
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Lesson 22 : Safety-First
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| (6 min) |
: Safety First |
Lesson 23 : Expectation – Standard deviation
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| (10 min) |
: Expectation/standard deviation |
Lesson 24 : Chance Constrained Model and Target-MOTAD
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| (9 min) |
: Target-MOTAD |
Lesson 25 : Reminder of the expected utility function
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| ( 9 min) |
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Lesson 26 : Maximizing a utility function
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| (7 min) |
: Using a CARA utility function |
