Risky Business — Dealing with Uncertainty

Overview:

This lesson introduces students to the concept of uncertainty and risk. Using the article “What can Risk Management Do for You, Me and Argentina?” students will think about managing uncertainty in the decision-making process. In particular, students will think about their own risk-taking behavior as it applies to a simple game of chance.

NBEA Standard(s):
  • Economics, I. Allocation of Resources
  • Personal Finance, I. Personal Decision Making

Lesson Plan Details:

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