Theory and Economics. First of all the Pareto boundaries are the first and most important generalization of the optima of … or economic strategies) and K is a part of X, the determination of the optimal boundaries of the part K, with respect to …

. The second is where each one seeking to maximize his utility function is intuitively constrained to minimize the risk. The …

firm or institution can use utility theory in a normative or prescriptive role to establish risk policy for investments … decision makers to risk. Current research is about quantifying the economic risk exposure of the projects and willingness of … investors to take a chance on an investment of uncertain outcome based on risk attitude. Paper explains typical investment …

Many real-world decision making situation are associated with uncertainty regarding future state of the World … decision making is denoted as decision making under risk. However, limitation to some set of discrete scenarios is somewhat … by a numerical example and is compared with the corresponding decision making under risk with discrete states of nature. …

Mathematical Economics is closely related with Social Choice Theory. In this paper, an attempt has been made to show …

This paper studies the impact of background risk on the indifference curve. We first study the shape of the … indifference curves for the investment with background risk for risk averters, risk seekers, and risk-neutral investors. Thereafter … deviations of the returns of the financial asset and/or the background asset change. In addition, we draw inference on risk …