Risk: Is There a Unique Objective Measure? -- Expected Utility Theory -- Stochastic Dominance Decision Rules … Distributions -- Almost Stochastic Dominance (ASD) -- Stochastic Dominance and Risk Measures -- Stochastic Dominance and … Dominance Approach -- Non-Expected Utility and Stochastic Dominance -- Stochastic Dominance and Prospect Theory -- Multivariate …

standard decision theories like expected utility or cumulative prospect theory. … employs stages of knowledge ahead to track satisfactions and dissatisfactions. In the first stage of risk, the uninsured face … out on by the insured). In the second stage when the risk is passed the uninsured may face the dissatisfactions of …

Nutzen und Potenznutzen Nutzenmodelle und sicherer Gewinn Übungsaufgaben und Lösungen Die Zielgruppe Studierende … Weinmann lehrt Mathematik, Statistik und Entscheidungstheorie in Masterstudiengängen der FOM Hochschule für Ökonomie und …

Als Reaktion auf die Schwächen des Value-at-Risk-Konzeptes wurden in der Literatur axiomatische Risikomessansätze als …

systems, such as the utility theory widely used in economics, have not been established; it is often limited to qualitative …

process: the stochastic dominance approach; the mean-variance approach; and the non-expected utility approach, focusing on … process: The stochastic dominance approach, the mean-variance approach, and the non-expected utility approach, focusing on …

risk and risk attitude concepts. Behavior under uncertainty emerges from this book as something to base more on inquiry and …