Normalized Expected Utility-Entropy Measure of Risk
Yang and Qiu proposed an expected utility-entropy (EU-E) measure of risk, which reflects an individual’s intuitive attitude toward risk. Luce et al. have derived the numerical representations under behavioral axioms about preference orderings among gambles and their joint receipt, which further demo...
Main Authors: | Jiping Yang, Wanhua Qiu |
---|---|
Format: | Article |
Language: | English |
Published: |
MDPI AG
2014-06-01
|
Series: | Entropy |
Subjects: | |
Online Access: | http://www.mdpi.com/1099-4300/16/7/3590 |
Similar Items
-
The persistence of
common-ratio effects in multiple-play decisions
by: Michael L. DeKay, et al.
Published: (2016-07-01) -
Performance of Portfolios Based on the Expected Utility-Entropy Fund Rating Approach
by: Daniel Chiew, et al.
Published: (2021-04-01) -
Expected Utility and Entropy-Based Decision-Making Model for Large Consumers in the Smart Grid
by: Bingtuan Gao, et al.
Published: (2015-09-01) -
A Linear Approximate Acreage Allocation Model
by: Matthew T. Holt
Published: (1999-12-01) -
Risk Analysis through the Half-Normal Distribution
by: Maria-Teresa Bosch-Badia, et al.
Published: (2020-11-01)