Paper Info
Title
Possibilistic risk aversion
Abstract
Risk theory is usually developed within probability theory. The aim of this paper is to propose an approach of the risk aversion by possibility theory, initiated by Zadeh in 1978. The main notion studied in this paper is the possibilistic risk premium associated with a fuzzy number A and a utility function u. Under the hypothesis that the utility function u verifies certain hypotheses, one proves a formula to evaluate the possibilistic risk premium in terms of u and of some possibilistic indicators.
Year
DOI
Venue
2009
10.1016/j.fss.2008.12.007
Fuzzy Sets and Systems
Keywords
Field
DocType
possibilistic risk aversion,possibilistic risk premium,main notion,probability theory,possibility theory,utility function u,fuzzy number a,certain hypothesis,possibilistic indicator,risk aversion,risk theory,risk premium,fuzzy number
Econometrics,Expected utility hypothesis,Risk premium,Fuzzy set,Possibility theory,Probability distribution,Risk aversion,Probability theory,Fuzzy number,Mathematics
Journal
Volume
Issue
ISSN
160
18
Fuzzy Sets and Systems
Citations 
PageRank 
References 
11
0.70
8
Authors
1
Name
Order
Citations
PageRank
Irina Georgescu17915.48