Non-Expected Utility and Risk Management

政治经济学

原   价:
1105.00
售   价:
884.00
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平台大促 低至8折优惠
作      者
出  版 社
出版时间
2010年12月15日
装      帧
平装
ISBN
9789048157990
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页      码
150
语      种
英语
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库存 79 本
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图书简介
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.
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