The Role of Bernoulli’s Formula in Economics

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.

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Publication Details

Journal
SCIENTIFIC WORK
Published
2025-04-22
DOI
https://doi.org/10.36719/2663-4619/114/245-249
Primary Topic
Economic Theory and Institutions
Type
article
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article

The Role of Bernoulli’s Formula in Economics

Rahima Sadigova
SCIENTIFIC WORK
Economic Theory and Institutions
article

The Role of Bernoulli’s Formula in Economics

Rahima Sadigova
article en

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.

SCIENTIFIC WORKVol. 19(4)
Decent work and economic growth
Openalex Percentile: Top 87%
Economic Theory and Institutions
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The Role of Bernoulli’s Formula in Economics — Rahima Sadigova · SCIENTIFIC WORK (2025) | TGRS Research Map | TGRS