Edward C. Prescott - Random distributions are not good things, because people are risk-averse, and t...

Edward C. Prescott Zitate

Random distributions are not good things, because people are risk-averse, and this risk adversely affects their welfare. If you get too much price uncertainty, all kinds of long-term, mutually beneficial contracts can't be entered into.

Edward C. Prescott

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Deutsche Übersetzung

Zufällige Verteilungen sind keine guten Dinge, weil die Menschen risikoavers sind und dieses Risiko sich negativ auf ihr Wohlbefinden auswirkt. Wenn Sie zu viel Preisunsicherheiten bekommen, können keine langfristigen Verträge mit gegenseitigem Nutzen geschlossen werden.

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