haku: @author Sarin, R. / yhteensä: 4
viite: 3 / 4
| Tekijä: | Sarin, R. Weber, M. |
| Otsikko: | Risk-value models |
| Lehti: | European Journal of Operational Research
1993 : OCT 22, VOL. 70:2, p. 135-149 |
| Asiasana: | DECISION ANALYSIS UTILITY THEORY RISK |
| Kieli: | eng |
| Tiivistelmä: | In this paper the authors propose a risk-value model for evaluating decisions under risk. In this model preference for a gamble is determined by its riskiness and its value or worth. In a simple form of the risk-value model, risk is measured by variance and value by expected returns. The authors discuss several other empirically more attractive forms of the risk-value model. They show that the risk-value model provides a framework for unifying the streams of research on risk judgments and on modeling choices. The authors explore the consistency of the risk-value model with both expected utility and non-expected utility preferences. |
SCIMA