Normalized Expected Utility-Entropy Measure of Risk
نویسندگان
چکیده
منابع مشابه
Normalized Expected Utility-Entropy Measure of Risk
Yang and Qiu proposed an expected utility-entropy (EU-E) measure of risk, which reflects an individual’s intuitive attitude toward risk. Luce et al. have derived the numerical representations under behavioral axioms about preference orderings among gambles and their joint receipt, which further demonstrates the reasonability of the EU-E decision model as a normative one. In the paper, combining...
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Yang and Qiu proposed and then recently improved an expected utility-entropy (EU-E) measure of risk and decision model. When segregation holds, Luce et al. derived an expected utility term, plus a constant multiplies the Shannon entropy as the representation of risky choices, further demonstrating the reasonability of the EU-E decision model. In this paper, we apply the EU-E decision model to s...
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ژورنال
عنوان ژورنال: Entropy
سال: 2014
ISSN: 1099-4300
DOI: 10.3390/e16073590