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Non-Expected Utility and Risk Management: A Special Issue of the Geneva Papers on Risk and Insurance Theory Spin-off from the GENEVA PAPERS ON RISK AND INSURA edition
Christian Gollier
Non-Expected Utility and Risk Management: A Special Issue of the Geneva Papers on Risk and Insurance Theory Spin-off from the GENEVA PAPERS ON RISK AND INSURA edition
Christian Gollier
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.
150 pages, biography
Media | Books Hardcover Book (Book with hard spine and cover) |
Released | September 30, 1995 |
ISBN13 | 9780792396420 |
Publishers | Springer |
Pages | 150 |
Dimensions | 156 × 234 × 11 mm · 367 g |
Language | English |
Editor | Gollier, Christian |
Editor | Machina, Mark J. |
See all of Christian Gollier ( e.g. Hardcover Book and Paperback Book )