Commit 0d8ef61
Add Job Search V lecture on risk-sensitive preferences (#760)
* Add new Job Search V lecture on risk-sensitive preferences
This commit adds a new lecture on risk-sensitive preferences in the job
search context, positioned after the fitted VFI lecture. The lecture
introduces entropic risk-adjusted expectations and applies them to the
McCall search model.
Changes:
- Add mccall_risk.md: New lecture on risk-sensitive preferences
- Update _toc.yml: Insert mccall_risk after mccall_fitted_vfi
- Renumber subsequent lectures (V→VI, VI→VII, VII→VIII, VIII→IX, IX→X)
- mccall_persist_trans: V → VI
- career: VI → VII
- jv: VII → VIII
- odu: VIII → IX
- mccall_q: IX → X
Key features of the new lecture:
- Introduction to risk-sensitive preferences via entropic risk measure
- Examples with Gaussian and Beta distributions
- Mean-preserving spread analysis
- Application to McCall job search model with risk aversion
- Analysis of reservation wages and unemployment rates vs risk aversion
- All code verified to run successfully with JAX
🤖 Generated with [Claude Code](https://claude.com/claude-code)
Co-Authored-By: Claude Sonnet 4.5 <noreply@anthropic.com>
* Fix exercise admonition syntax and labels in mccall_risk
- Convert first exercise from backtick to MyST curly brace syntax
- Add labels to both exercises (mcr_ex0, mcr_ex1)
- Add exercise references to solution-start directives
- Add dropdown class to solutions for consistency
- Ensure all exercise/solution pairs are properly matched
* Clean up markdown cell separators in mccall_risk
* Address @jstac feedback: hide pip output and remove print statements
- Add :tags: [hide-output] to pip install cell
- Remove print statements from Beta distribution example
- Remove print loops for reservation wage values
- Remove print loops for unemployment rate values
* Fix spelling and grammar in mccall_risk lecture
- Add parentheses around MGF abbreviation for clarity
- Fix subject-verb agreement: change 'decrease' to 'decreases'
---------
Co-authored-by: Claude Sonnet 4.5 <noreply@anthropic.com>
Co-authored-by: Matt McKay <mmcky@users.noreply.github.com>1 parent 12533d4 commit 0d8ef61
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