Risk-value models

@article{Sarin1993RiskvalueM,
  title={Risk-value models},
  author={Rakesh Kumar Sarin and Martin Weber},
  journal={European Journal of Operational Research},
  year={1993},
  volume={70},
  pages={135-149}
}
Axiomatic Measures of Risk and Risk-Value Models
TLDR
A preference-dependent measure of risk is discussed that is compatible with traditional expected utility theory, and therefore lends itself to an examination of how individuals perceive risky gambles as well as how they choose among them.
Axiomatic Measures of Risk and Risk-Value Models†
TLDR
A preference-dependent measure of risk is discussed that is compatible with traditional expected utility theory, and therefore lends itself to an examination of how individuals perceive risky gambles as well as how they choose among them.
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Axiomatic Models of Perceived Risk
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Measures of Perceived Risk
Based on our previous work on the standard measure of risk, this paper presents two classes of measures for perceived risk by decomposing a lottery into its mean and standard risk. One of the classes
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