Year: 2025
Type: article
Abstract: The Bernoulli's formula is used in economics and finance to manage risk, develop investment strategies, and improve decision-making processes.Within the framework of the expected benefit theory, investors seek to maximize not only income, but also utility.In the financial sector, banks and investors use the Bernoulli's formula in risk assessment, insurance, and portfolio management.In the transport and infrastructure sectors, it is applied to increase efficiency.This principle plays a key role in game theory and in formulating optimal strategies in competitive markets.In general, the Bernoulli's formula helps to make rational economic decisions and effectively manage risks.
Source: SCIENTIFIC WORK
Author: Rahima Sadigova
Institution: Nakhchivan State University
Language: English
Subfield: General Decision Sciences
Field: Decision Sciences
Domain: Social Sciences
Open Access status: bronze
OpenAlex ID: W4409969843