haku: @author Dyer, J. / yhteensä: 4
viite: 2 / 4
| Tekijä: | Jia, J. Dyer, J. |
| Otsikko: | A standard measure of risk and risk-value models |
| Lehti: | Management Science
1996 : DEC, VOL. 42:12, p. 1691-1705 |
| Asiasana: | STANDARDS RISK MODELS |
| Kieli: | eng |
| Tiivistelmä: | In this paper, the authors propose a standard measure of risk that is based on the converted expected utility of normalized lotteries with zero-expected values. This measure of risk has many desirable properties that characterize the notion of risk. It is very general and includes many previously proposed measures of risk as special cases. Moreover, the authors' standard measure of risk provides a preference-based and unified method for risk studies. Since the standard measure of risk is compatible with the measure of expected utility, it can be used explicitly or implicitly in an expected utility model. |
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