A Standard Measure of Risk and Risk-Value Models
In this paper we propose a standard measure of risk that is based on the converted expected utility of normalized lotteries with zero-expected values. This measure of risk has many desirable properties that characterize the notion of risk. It is very general and includes many previously proposed mea...
| Veröffentlicht in: | Management Science. - Institute for Operations Research and the Management Sciences, 1954. - 42(1996), 12, Seite 1691-1705 |
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| Format: | Online-Aufsatz |
| Sprache: | English |
| Veröffentlicht: |
1996
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| Zugriff auf das übergeordnete Werk: | Management Science |
| Schlagworte: | Risk Utility Theory Risk-Value Models Portfolio Optimization Economics Law Social sciences Behavioral sciences |
| Online verfügbar |
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