Support of decision-making under risk by a risk-averse decision-maker
نویسندگان
چکیده
منابع مشابه
Risk averse decision making under catastrophic risk
A nonstandard probabilistic setting for modeling of the risk of catastrophic events is presented. It allows random variables to take on infinitely large negative values with non-zero probability, which corresponds to catastrophic consequences unmeasurable in monetary terms, e.g. loss of human lives. Thanks to this extension, the safety-first principle is proved to be consistent with traditional...
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Huachun Xiong, Jinxing Xie, Xiaoxue Deng Department of Mathematical Sciences, Tsinghua University, Beijing 100084, China Abstract Traditional literature studying overbooking problems focuses on risk-neutral decision makers. In this paper, we propose a multi-period overbooking model incorporating risk-aversion and extend well-known structural results (the 3-region policy) under the risk-neutral ...
متن کاملrole taking under financial risk decision making
this paper explores people’s behavior when they are facing financial risks. through the setting of an economics experiment, people’s willingness to bear financial risks and their tendency to impose risks on others are investigated. the experiment result shows that most people are risk-neutral or risk-averse when making decision under financial environment, and their tendency to impose risks on ...
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Impulsivity is often characterized by rapid decisions under risk, but most current tests of decision-making do not impose time pressures on participants' choices. Here we introduce a new traffic lights test which requires people to choose whether to program a risky, early eye movement before a traffic light turns green (earning them high rewards or a penalty) or wait for the green light before ...
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ژورنال
عنوان ژورنال: Decision Making in Manufacturing and Services
سال: 2020
ISSN: 2300-7087,1896-8325
DOI: 10.7494/dmms.2019.13.1-2.3473