Citation:
Aumann, R. J. . (2002). Risk Aversion in The Talmud. Discussion Papers. presented at the 5, Economic Theory 21 (2003), 233-239. Retrieved from /files/dp287.pdf
Abstract:
Evidence is adduced that the sages of the ancient Babylonian Talmud, as well as some of the medieval commentators thereon, were well aware of sophisticated concepts of modern theories of risk-bearing.