Showing 21 - 24 of 24
This paper presents an axiomatic model of probabilistic choice under risk. In this model, when it comes to choosing one …
Persistent link: https://www.econbiz.de/10005627944
theory such as the fourfold pattern of risk attitudes, the discrepancy between certainty equivalent and probability …
Persistent link: https://www.econbiz.de/10005627956
Economic research offers two traditional ways of analyzing decision making under risk. One option is to compare the …
Persistent link: https://www.econbiz.de/10005628002
An important source of conflict surrounding nuclear energy is that with a very small probability, a large-scale nuclear accident may occur. One way to internalize the financial risks associated with such an accident is through mandatory liability insurance. This paper presents estimates of the...
Persistent link: https://www.econbiz.de/10005756630