Rethinking Risk Attitude: Aspiration as Pure Risk
نویسندگان
چکیده
منابع مشابه
Rethinking Risk: Aspiration as Pure Risk
There exists no satisfactory theory of risk in current normative decision theories. Notions based on utility curvature, loss aversion and probability weighting are derivative, cannot be applied to nonnumerical consequences, and are not psychologically intuitive. I develop Pure Risk theory which resolves these problems – it is consistent with existing normative theories, and both internalises an...
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ژورنال
عنوان ژورنال: Theory and Decision
سال: 2006
ISSN: 0040-5833,1573-7187
DOI: 10.1007/s11238-006-0007-y