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Credibilistic risk aversion and prudence

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 https://theinfodatagroup.com

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

Title: How the investor

Category:A risk approach by credibility theory SpringerLink

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Credibilistic risk aversion and prudence

A Risk Approach by Credibility Theory: Fuzzy Information and ...

WebAbstract. In the probabilistic risk aversion approach, risks are presumed as random variables with known probability distributions. However, in some practical cases, for example, due to the absence of historical data, the inherent uncertain characteristic of risks or different subject judgements from the decision-makers, risks may be hard or ... WebJan 25, 2024 · A classical portfolio theory deals with finding the optimal proportion in which an agent invests a wealth in a risk-free asset and a probabilistic risky asset. ... various credibilistic moments associated with fuzzy variables (expected value, variance, skewness and kurtosis) and the risk aversion, prudence and temperance indicators of the ...

Credibilistic risk aversion and prudence

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WebJul 7, 2016 · The risk situations are modelled by fuzzy variables and the indicators of risk aversion and prudence are defined in the context of credibilistic expected utility theory. Approximate calculation formulas for these indicators are … WebJul 8, 2016 · Risk aversion and prudence are well-studied topics in probabilistic risk theory. This paper uses credibility theory of B. Liu and Y. Liu to approach these closely related concepts. The risk situations are modelled by fuzzy variables and the indicators …

WebJun 1, 2024 · Possibilistic and credibilistic approaches to themes of risk theory can be found in monographs ... Mixed models for risk aversion, optimal saving, and prudence. Fuzzy Econ. Rev. Int. Assoc. Fuzzy-Set Manage. Econ., 21 (2) (2016), pp. 47-70. View Record in Scopus Google Scholar. http://www.centrosraffa.org/public/624d62e6-d1c6-4ba9-8827-fb1ddaedf430.pdf

WebJan 25, 2024 · These formulas contain two types of parameters: various credibilistic moments associated with fuzzy variables (expected value, variance, skewness and … WebAug 1, 2013 · The risk situations are modeled by fuzzy variables and the indicators of risk aversion and prudence are defined in the context of credibilistic expected utility theory. Properties of...

WebCredibilistic risk aversion and prudence by Irina Georgescu; Jani Kinnunen International Journal of Business Innovation and Research (IJBIR), Vol. 11, No. 1, 2016 Abstract: Risk aversion and prudence are well-studied topics in probabilistic risk theory. This paper uses credibility theory of B. Liu and Y. Liu to approach these closely related concepts.

WebDec 11, 2013 · 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 … can stoats swimWebMay 10, 2016 · Risk aversion and prudence are well-studied topics in probabilistic risk theory. This paper uses credibility theory of B. Liu and Y. Liu to approach these closely … can stock after hoursWebCredibilistic risk aversion and prudence. Irina Georgescu and Jani Kinnunen. International Journal of Business Innovation and Research, 2016, vol. 11, issue 1, 146-160 Abstract: Risk aversion and prudence are well-studied topics in probabilistic risk theory. This paper uses credibility theory of B. Liu and Y. Liu to approach these closely ... flare shirts womens