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Non-Expected Utility and Risk Management: A Special Issue of the Geneva Papers on Risk and Insurance Theory - Christian Gollier, Mark J. Machina
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2010, ISBN: 9048157994

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ISBN: 9789048157990

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… Meer...

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Non-Expected Utility and Risk Management A Special Issue of the Geneva Papers on Risk and Insurance Theory - Gollier, Christian (Herausgeber); Machina, Mark J. (Herausgeber)
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Gollier, Christian (Herausgeber); Machina, Mark J. (Herausgeber):
Non-Expected Utility and Risk Management A Special Issue of the Geneva Papers on Risk and Insurance Theory - pocketboek

2010

ISBN: 9048157994

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Softcover reprint of hardcover 1st ed. 1995 Kartoniert / Broschiert Wirtschaftstheorie und -philosophie, Mikroökonomie, Finanzen, Betriebswirtschaft und Management, Unternehmensforschun… Meer...

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Non-Expected Utility and Risk Management - pocketboek

ISBN: 9048157994

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Non-Expected Utility and Risk Management

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 attitudes toward small probability events: the standard situation for insurable risks. Non-Expected Utility and Risk Management examines whether the existing results in insurance economics are robust to more general models of behavior under risk.

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EAN (ISBN-13): 9789048157990
ISBN (ISBN-10): 9048157994
Gebonden uitgave
pocket book
Verschijningsjaar: 2010
Uitgever: Springer-Verlag GmbH
152 Bladzijden
Gewicht: 0,240 kg
Taal: eng/Englisch

Boek bevindt zich in het datenbestand sinds 2011-02-11T10:56:13+01:00 (Amsterdam)
Detailpagina laatst gewijzigd op 2018-07-29T21:02:41+02:00 (Amsterdam)
ISBN/EAN: 9789048157990

ISBN - alternatieve schrijfwijzen:
90-481-5799-4, 978-90-481-5799-0


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