Lecture Slides in Consumption and Households
PowerPoint presentation depicting decision-making under risk, showing how risk attitudes can be examined using choices among lotteries or willingness to pay for insurances. Shows how risk attitudes can be captured in convexity of the indifference curve or strict concavity of the utility function; and how risk aversion can be quantified by the ratio of second and first derivatives of the utility function, implying that it falls as wealth increases.
This is an archive of 145 graphics constructed by the ONS, free to use under the Open Government Licence. Each focuses on making a few headline statistics or trends visible and colourful. Economic themes include the economic health of regions of the UK; trade statistics; the labour market; taxation; benefits; house prices. Some graphics address social trends such as household type.
While most are drawn from the years 2009-2014, a few give a very long-term view, for example "170 years of industrial change across England and Wales" and "A Century of Home Ownership and Renting in England and Wales";