A Study on Preference Orderings of Mathematical expectation, Expected Utility and Distorted Expectation

نویسندگان

  • Izadi, Muhyiddin Razi University
  • Khaledi, Baha-Eldin Florida International University
چکیده مقاله:

One of the challenges for decision-makers in insurance and finance is choosing the appropriate criteria for making decisions. Mathematical expectation, expected utility, and distorted expectation are the three most common measures in this area. In this article, we study these three criteria, and by providing some examples, we review and compare the decisions made by each measure.

برای دانلود باید عضویت طلایی داشته باشید

برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

منابع مشابه

Choquet expectation and Peng’s g−expectation

In this paper we consider two ways to generalize the mathematical expectation of a random variable, the Choquet expectation and Peng’s g-expectation. An open question has been, after making suitable restrictions to the class of random variables acted on by the Choquet expectation, for what class of expectation do these two definitions coincide? In this paper we provide a necessary and sufficien...

متن کامل

Mathematical difficulties as decoupling of expectation and developmental trajectories

Recent years have seen an increase in research articles and reviews exploring mathematical difficulties (MD). Many of these articles have set out to explain the etiology of the problems, the possibility of different subtypes, and potential brain regions that underlie many of the observable behaviors. These articles are very valuable in a research field, which many have noted, falls behind that ...

متن کامل

Common Mathematical Foundations of Expected Utility and Dual Utility Theories

We show that the main results of the expected utility and dual utility theories can be derived in a unified way from two fundamental mathematical ideas: the separation principle of convex analysis, and integral representations of continuous linear functionals from functional analysis. Our analysis reveals the dual character of utility functions. We also derive new integral representations of du...

متن کامل

Improving on Expectation Propagation

A series of corrections is developed for the fixed points of Expectation Propagation (EP), which is one of the most popular methods for approximate probabilistic inference. These corrections can lead to improvements of the inference approximation or serve as a sanity check, indicating when EP yields unrealiable results.

متن کامل

منابع من

با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید

ذخیره در منابع من قبلا به منابع من ذحیره شده

{@ msg_add @}


عنوان ژورنال

دوره 25  شماره 2

صفحات  41- 53

تاریخ انتشار 2021-03

با دنبال کردن یک ژورنال هنگامی که شماره جدید این ژورنال منتشر می شود به شما از طریق ایمیل اطلاع داده می شود.

کلمات کلیدی

کلمات کلیدی برای این مقاله ارائه نشده است

میزبانی شده توسط پلتفرم ابری doprax.com

copyright © 2015-2023