Non-Expected Utility and Risk Management: A Special Issue of the Geneva Papers on Risk and Insurance Theory
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...
Gespeichert in:
| Weitere Verfasser: | , |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Dordrecht
Springer Netherlands
1995
|
| Ausgabe: | 1st ed. 1995 |
| Schlagworte: | |
| Online-Zugang: | BTU01 URL des Erstveröffentlichers |
| Zusammenfassung: | 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 |
| Beschreibung: | 1 Online-Ressource (VI, 150 p) |
| ISBN: | 9789401724401 |
| DOI: | 10.1007/978-94-017-2440-1 |
Internformat
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| 520 | |a 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 | ||
| 650 | 4 | |a Operations Research/Decision Theory | |
| 650 | 4 | |a Finance, general | |
| 650 | 4 | |a Economic Theory/Quantitative Economics/Mathematical Methods | |
| 650 | 4 | |a Microeconomics | |
| 650 | 4 | |a Operations research | |
| 650 | 4 | |a Decision making | |
| 650 | 4 | |a Finance | |
| 650 | 4 | |a Economic theory | |
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Datensatz im Suchindex
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| author2 | Gollier, Christian Machina, Mark J. |
| author2_role | edt edt |
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| author_facet | Gollier, Christian Machina, Mark J. |
| building | Verbundindex |
| bvnumber | BV046872469 |
| classification_rvk | QC 020 SK 980 |
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| ctrlnum | (ZDB-2-SBE)978-94-017-2440-1 (OCoLC)903194682 (DE-599)BVBBV046872469 |
| dewey-full | 658.40301 |
| dewey-hundreds | 600 - Technology (Applied sciences) |
| dewey-ones | 658 - General management |
| dewey-raw | 658.40301 |
| dewey-search | 658.40301 |
| dewey-sort | 3658.40301 |
| dewey-tens | 650 - Management and auxiliary services |
| discipline | Mathematik Wirtschaftswissenschaften |
| discipline_str_mv | Mathematik Wirtschaftswissenschaften |
| doi_str_mv | 10.1007/978-94-017-2440-1 |
| edition | 1st ed. 1995 |
| format | Electronic eBook |
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| illustrated | Not Illustrated |
| index_date | 2024-07-03T15:15:37Z |
| indexdate | 2024-07-10T08:56:09Z |
| institution | BVB |
| isbn | 9789401724401 |
| language | English |
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| physical | 1 Online-Ressource (VI, 150 p) |
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| publisher | Springer Netherlands |
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| spelling | 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 1st ed. 1995 Dordrecht Springer Netherlands 1995 1 Online-Ressource (VI, 150 p) txt rdacontent c rdamedia cr rdacarrier 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 Operations Research/Decision Theory Finance, general Economic Theory/Quantitative Economics/Mathematical Methods Microeconomics Operations research Decision making Finance Economic theory Entscheidung bei Risiko (DE-588)4225781-5 gnd rswk-swf Erwarteter Nutzen (DE-588)4152928-5 gnd rswk-swf Versicherungsmathematik (DE-588)4063194-1 gnd rswk-swf Erwarteter Nutzen (DE-588)4152928-5 s Entscheidung bei Risiko (DE-588)4225781-5 s Versicherungsmathematik (DE-588)4063194-1 s DE-604 Gollier, Christian edt Machina, Mark J. edt Erscheint auch als Druck-Ausgabe 9789048157990 Erscheint auch als Druck-Ausgabe 9780792396420 Erscheint auch als Druck-Ausgabe 9789401724418 https://doi.org/10.1007/978-94-017-2440-1 Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Non-Expected Utility and Risk Management A Special Issue of the Geneva Papers on Risk and Insurance Theory Operations Research/Decision Theory Finance, general Economic Theory/Quantitative Economics/Mathematical Methods Microeconomics Operations research Decision making Finance Economic theory Entscheidung bei Risiko (DE-588)4225781-5 gnd Erwarteter Nutzen (DE-588)4152928-5 gnd Versicherungsmathematik (DE-588)4063194-1 gnd |
| subject_GND | (DE-588)4225781-5 (DE-588)4152928-5 (DE-588)4063194-1 |
| title | Non-Expected Utility and Risk Management A Special Issue of the Geneva Papers on Risk and Insurance Theory |
| title_auth | Non-Expected Utility and Risk Management A Special Issue of the Geneva Papers on Risk and Insurance Theory |
| title_exact_search | Non-Expected Utility and Risk Management A Special Issue of the Geneva Papers on Risk and Insurance Theory |
| title_exact_search_txtP | Non-Expected Utility and Risk Management A Special Issue of the Geneva Papers on Risk and Insurance Theory |
| title_full | 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 |
| title_fullStr | 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 |
| title_full_unstemmed | 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 |
| title_short | Non-Expected Utility and Risk Management |
| title_sort | non expected utility and risk management a special issue of the geneva papers on risk and insurance theory |
| title_sub | A Special Issue of the Geneva Papers on Risk and Insurance Theory |
| topic | Operations Research/Decision Theory Finance, general Economic Theory/Quantitative Economics/Mathematical Methods Microeconomics Operations research Decision making Finance Economic theory Entscheidung bei Risiko (DE-588)4225781-5 gnd Erwarteter Nutzen (DE-588)4152928-5 gnd Versicherungsmathematik (DE-588)4063194-1 gnd |
| topic_facet | Operations Research/Decision Theory Finance, general Economic Theory/Quantitative Economics/Mathematical Methods Microeconomics Operations research Decision making Finance Economic theory Entscheidung bei Risiko Erwarteter Nutzen Versicherungsmathematik |
| url | https://doi.org/10.1007/978-94-017-2440-1 |
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