No Money Without Mathematics - Colegiul National C. Negruzzi (Iași - Roumanie)

This project explores the strong connection between mathematics and economics, focusing on risk, decision-making, and insurance models. Concepts such as expected utility theory, risk preferences, and the benefits of risk-sharing, are analyzed and examplified, showing how mathematical principles help manage financial uncertainty.
The study of Allais paradox reveals that human decisions often deviate from classical economic models. This highlights the need to complement mathematical models with behavioral insights.