CRST 4070 Economics of Risk-Taking and Gambling

CRST 4070 Economics of Risk-Taking and Gambling
Economics of Risk-Taking and Gambling
The course explores the theory and practice of risk taking and gambling. Conflicting approaches to risk taking are examined from the beliefs and superstitions of ancient times to the precise measurements and utilitarian approaches to risk taking of modern times. The functional roles of markets in allocating risks and the entrepreneur as a past seeker are developed.
Pre-requistites: CRST 325 or MGMT 325.
credit hours: 3

ethod, self-assessments, experiential exercises, readings, discussions, papers, and group activities.
Pre-requistites: Senior and at least four CRST core courses.
credit hours: 3