haku: @indexterm Decision analysis / yhteensä: 468
viite: 122 / 468
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. |
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