Beyond the Risk-neutral Utility Function

Abstract

The economic statistics that the government issues every week should come with a warning sticker: user beware. In the midst of the greatest information explosion in history, the government is pumping out a stream of statistics that are nothing but myths and misinformation. (Michael J. Mandel, ‘The Real Truth about the Economy: Are Government Statistics So Much Pulp Fiction? Take a Look’, Business Week , cover story, 7 November 1994, pp. 110–18.) These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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