Given a set of possible vector outcomes and the set of lotteries over it, we define sets of (a) von Neumann-Morgenstern representations of preferences over the lotteries, (b) mappings that yield the certainty equivalent outcomes corresponding to a lottery, (c) mappings that yield the risk premia corresponding to a lottery, (d) mappings that yield the acceptance set of lotteries corresponding to...

Given a set of vector outcomes and the set of lotteries over it, we define sets of (a) von Neumann-Morgenstern representations of cardinal preferences over the lotteries, (b) mappings that yield the certainty equivalent outcomes corresponding to a lottery, (c) mappings that yield the risk premia corresponding to a lottery, (d) mappings that yield the acceptance set of lotteries corresponding to...

all branches of human science, each one has considered and analyzed the factor of development. nearly every year hundreds of families from rural populations migrated to the city center to city center meanwhile, the only the field of science which can judge and discuss about human- environment relationship by the tools of developmental concept is geography that study regional sustainable develop...

this research is basically intended to focus on identifying the effective organizational factors on intrapreneurship development in iranian agricultural extension organization (iaeo). a descriptive-correlational research was implemented to conduct the study. statistical population was comprised of all iaeo agricultural extension experts. to draw samples, one province out of each regional catego...

This paper offers interpretative properties of the “fear of ruin” coefficient u/u0 (Aumann and Kurz, 1977, Econometrica). This coefficient controls the behavior of expected utility maximizers towards the risk of losing their entire wealth. It is shown that this coefficient also captures risk-aversion motives in first-price auctions model. Equivalent comparative properties of “more fear of ruin”...