This article develops a model of prejudicial discrimination in the credit markets. Data on 30,000 commercial bank consumer loans were used to test the model. No. systematic pattern of prejudicial sex discrimination was found -- even before the Equal Credit Opportunity Act (ECOA) was passed....

This paper is a survey of recent developments in probabilistic microeconomics. While research on the foundations of utility theory is not reviewed, a general Von Neumann-Morgenstern model of decision-making under uncertainty is presented. Alternative measures of risk aversion are examined within...