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...

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Bibliographic Details

Main Author:	Gollier, Christian
Corporate Author:	SpringerLink (Online service)
Other Authors:	Machina, Mark
Format:	eBook
Language:	English
Published:	Dordrecht : Springer Netherlands, 1995.
Subjects:	Economics. Microeconomics. Operations research. Electronic books.
Online Access:	Connect to the full text of this electronic book