Birbil, Birbil, S.I.; Frenk, Frenk, J.B.G.; Kaynar, B.; … - Faculteit der Economische Wetenschappen, Erasmus … - 2008
Several approaches exist to model decision making under risk, where risk can be broadly defined as the effect of variability of random outcomes. One of the main approaches in the practice of decision making under risk uses mean-risk models; one such well-known is the classical Markowitz model,...
