Course Description

We encounter various risks every day. Tourism also faces risks. We can give examples of risks in tourism as follows. That is, natural disasters, epidemics, trafic accidents, etc. The purpose of the lecture is to theoretically analyze the risks involved in tourism that occured in reality. In paticular, in this lecture, we explain the expected utility hypothesis as the basic theory of risk, imperfections of information and risks, the relationship between tourists' present and future choices and risk, etc.