Non-Expected Utility and Risk Management

Available
0
StarStarStarStarStar
0Reviews
Unknown authorUnknown author
Expected utility provides simple, testable properties of the optimum behavior that should be displayed by risk-averse individuals in risky decisions. Simultaneously, given the existence of paradoxes under the expected utility paradigm, expected utility can only be regarded as an approximation of actual behavior. A more realistic model is needed. This is particularly true when treating attitud...
Read more
E-book
pdf
Price
89.50 £
Expected utility provides simple, testable properties of the optimum behavior that should be displayed by risk-averse individuals in risky decisions. Simultaneously, given the existence of paradoxes under the expected utility paradigm, expected utility can only be regarded as an approximation of actual behavior. A more realistic model is needed. This is particularly true when treating attitud...
Read more

Options

  • Formats: pdf
  • ISBN: 9789401724401
  • Publication Date: 14 Mar 2013
  • Publisher: Springer Netherlands
  • Product language: English
  • Drm Setting: DRM