Non Expected Utility and Risk Management is popular PDF and ePub book, written by Christian Gollier in 2013-03-14, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Non Expected Utility and Risk Management can be Read Online from any device for your convenience.
Non Expected Utility and Risk Management Book PDF Summary
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.
Detail Book of Non Expected Utility and Risk Management PDF
- Author : Christian Gollier
- Release : 14 March 2013
- Publisher : Springer Science & Business Media
- ISBN : 9789401724401
- Genre : Business & Economics
- Total Page : 147 pages
- Language : English
- PDF File Size : 11,9 Mb
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