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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| Format: | eBook |
| Language: | English |
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Dordrecht :
Springer Netherlands,
1995.
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| Online Access: | Connect to the full text of this electronic book |
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