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international water utility sector. Risk management, interms of protecting the public health from pathogenic and chemical hazards … and making explicit approaches to risk managementand decision-making that have formerly been implicit. Here, we review the … risk managementframeworks and risk analysis tools and techniques used within the water sector, consideringtheir application …
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Expected utility theory (EUT) is currently the standard framework which formally defines rational decision-making under risky conditions. EUT uses a theoretical device called von Neumann-Morgenstern utility function, where concepts of function and random variable are employed in their...
Persistent link: https://www.econbiz.de/10012611715
With this research, we contribute to the study of ambiguity by analyzing how it can be handled in a rational, objective manner across the main strategic decision-making contexts that entrepreneurs and organizations face. Differentiating from most previous managerial and entrepreneurial studies,...
Persistent link: https://www.econbiz.de/10014333057
with the typical findings suggesting that women are more risk averse than men, several studies have also shown negative … relationships between 2D:4D and risk taking although the evidence is not conclusive. Previous studies have also reported that both … men and women believe women are more risk averse than men. In the current study, we re-test the relationship between 2D:4D …
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