Non-Expected Utility and Risk Management A Special Issue of the Geneva Papers on Risk and Insurance Theory / edited by Christian Gollier, Mark J. Machina.

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 act...

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Bibliographic Details
Corporate Author: SpringerLink (Online service)
Other Authors: Gollier, Christian (Editor), Machina, Mark J. (Editor)
Format: eBook
Language:English
Published: Dordrecht : Springer Netherlands : Imprint: Springer, 1995.
Edition:1st ed. 1995.
Series:Springer eBook Collection.
Subjects:
Online Access:Click to view e-book
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