Development Economics ECON 4915 Lecture 3. Andreas Kotsadam Room 1038 Andreas.Kotsadam@econ.uio.no. Outline. Class assistants Updated reading plan Possible exam question and recap Micro credit ( Banarjee and Duflo 2010 ) A new micro credit experiment
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E(U(W)) - Expected value of the utility (expected utility) of the uncertain payment.