Non-Expected Utility and Risk Management
Christian Gollier
- 05 december 2010
- 9789048157990
Samenvatting:
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.
€ 97,99
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