WebAbstract. This paper attempts to treat some topics of risk theory by means of credibility theory. We study the risk aversion of an agent faced with a situation of uncertainty represented by a discrete fuzzy variable, the relationship between stochastic dominance and credibilistic dominance, and an index of riskiness of discrete credibilistic gambles. WebDownloadable (with restrictions)! This paper attempts to treat some topics of risk theory by means of credibility theory. We study the risk aversion of an agent faced with a situation of uncertainty represented by a discrete fuzzy variable, the relationship between stochastic dominance and credibilistic dominance, and an index of riskiness of discrete …
A risk approach by credibility theory SpringerLink
WebSep 1, 2024 · The author defines and characterizes “prudence” and “temperance” for discount functions in analogy to the corresponding concepts for utility functions. Prudent discounting and temperate discounting matter for time risk preferences and thus, decisions in which an important event is only a matter of time. ... Pratt JW (1964) Risk aversion ... WebJul 8, 2016 · The risk situati... Risk aversion and prudence are well-studied topics in probabilistic risk theory. This paper uses credibility theory of B. Liu and Y. Liu to … can stoats be found in zoos
How the investor
WebJan 25, 2024 · Different approximation calculation formulas for the optimal allocation of the credibilistic risky asset are proved. These formulas contain two types of parameters: various credibilistic moments associated with fuzzy variables (expected value, variance, skewness and kurtosis) and the risk aversion, prudence and temperance indicators of … Web2016 Vol.11 No.1 International Journal of Business Innovation and Research 2016 Vol.11 No.1 Special Issue on Decision-Making Under Uncertainty: Models and Approaches … can stoats be pets in california