Risk Independence and Multiattributed Utility Functions
The concepts of conditional risk aversion, the conditional risk premium, and risk independence pertaining to multiattributed utility functions are defined. The latter notion is then generalized to what is called utility independence. A number of theorems useful for simplifying the assessment of mult...
| Main Author: | |
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| Format: | Working Paper |
| Language: | en_US |
| Published: |
Massachusetts Institute of Technology, Operations Research Center
2004
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| Online Access: | http://hdl.handle.net/1721.1/5335 |
| _version_ | 1826197870747844608 |
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| author | Keeney, Ralph L. |
| author_facet | Keeney, Ralph L. |
| author_sort | Keeney, Ralph L. |
| collection | MIT |
| description | The concepts of conditional risk aversion, the conditional risk premium, and risk independence pertaining to multiattributed utility functions are defined. The latter notion is then generalized to what is called utility independence. A number of theorems useful for simplifying the assessment of multiattributed utility functions given certain risk independence and utility independence assumptions are stated. |
| first_indexed | 2024-09-23T10:54:46Z |
| format | Working Paper |
| id | mit-1721.1/5335 |
| institution | Massachusetts Institute of Technology |
| language | en_US |
| last_indexed | 2024-09-23T10:54:46Z |
| publishDate | 2004 |
| publisher | Massachusetts Institute of Technology, Operations Research Center |
| record_format | dspace |
| spelling | mit-1721.1/53352019-04-10T10:36:05Z Risk Independence and Multiattributed Utility Functions Keeney, Ralph L. The concepts of conditional risk aversion, the conditional risk premium, and risk independence pertaining to multiattributed utility functions are defined. The latter notion is then generalized to what is called utility independence. A number of theorems useful for simplifying the assessment of multiattributed utility functions given certain risk independence and utility independence assumptions are stated. U. S. Army Research Office (Durham) under Contract No. DAHCO4-70-C-0058. 2004-05-28T19:34:20Z 2004-05-28T19:34:20Z 1971-06 Working Paper http://hdl.handle.net/1721.1/5335 en_US Operations Research Center Working Paper;OR 001-71 1746 bytes 872242 bytes application/pdf application/pdf Massachusetts Institute of Technology, Operations Research Center |
| spellingShingle | Keeney, Ralph L. Risk Independence and Multiattributed Utility Functions |
| title | Risk Independence and Multiattributed Utility Functions |
| title_full | Risk Independence and Multiattributed Utility Functions |
| title_fullStr | Risk Independence and Multiattributed Utility Functions |
| title_full_unstemmed | Risk Independence and Multiattributed Utility Functions |
| title_short | Risk Independence and Multiattributed Utility Functions |
| title_sort | risk independence and multiattributed utility functions |
| url | http://hdl.handle.net/1721.1/5335 |
| work_keys_str_mv | AT keeneyralphl riskindependenceandmultiattributedutilityfunctions |