One-Switch Utility Functions and a Measure of Risk
Consider the relative attractiveness to a decision maker of two financial gambles as the wealth of that individual varies. It may seem reasonable that either one alternative should be preferred for all wealth levels or that there exists a unique critical wealth level at which the decision maker swit...
| Publié dans: | Management Science. - INFORMS, 1954. - 34(1988), 12, Seite 1416-1424 |
|---|---|
| Auteur principal: | |
| Format: | Article en ligne |
| Langue: | English |
| Publié: |
1988
|
| Accès à la collection: | Management Science |
| Sujets: | Decision Analysis Utility Theory Risk Discounting Economics Mathematics Behavioral sciences Business |
| Accès en ligne |
Volltext |