ZIB

Treffer pro Seite

Treffer 1 - 1 | 1 Treffer

Sortierung

Digitale Medien

OPTIMALITY OF INDEPENDENT DECISION-MAKING FOR TWO INDEPENDENT RISK SITUATIONS (1970)

NETER, J. ; WILLIAMS, C. A. ; WHITMORE, G. A.

Oxford, UK : Blackwell Publishing Ltd

Decision sciences 1 (1970), S. 0

zur Merkliste hinzufügen auf der Merkliste

Details

ISSN: 1540-5915

Quelle: Blackwell Publishing Journal Backfiles 1879-2005

Thema: Wirtschaftswissenschaften

Notizen: This paper investigates the optimality of making two insurance decisions independently in the expected utility framework, when the two risks under consideration are independent. It is shown that when the disutility function embodies constant risk aversion, independent decision-making is identical to optimal joint decision-making. When the disutility function has strictly decreasing risk aversion, joint decision-making is always not less conservative than independent decision-making, and the opposite holds when the disutility function has strictly increasing risk aversion. Stronger results are obtained for some particular disutility functions. Finally, some implications of these results for empirical research in utility and decision theory are considered.

Materialart: Digitale Medien

URL: http://dx.doi.org/10.1111/j.1540-5915.1970.tb00764.x

Permalink

Bibliothek	Standort	Signatur	Band/Heft/Jahr	Verfügbarkeit

Andere fanden auch interessant ...

Artikel (Nationallizenzen)

Volltext

Treffer 1 - 1 | 1 Treffer