(*)1. Decision under Risk
a. Risk Aversion
b. Measuring Risk
c. Expected Utility Theory
2. Risk Management
a. Insurance Contracts
b. Portfolio Choice
3. Asset Pricing and Financial Markets
a. Efficient Risk Allocation
b. Arrow-Debreu Securities
c. Capital Asset Pricing Model (CAPM)
4. Inefficient Financial Markets
a. Efficiency Market Hypothesis
b. Information Asymmetry, Herding, and Bubbles
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