A Study on Preference Orderings of Mathematical expectation, Expected Utility and Distorted Expectation
نویسندگان
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.
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عنوان ژورنال
دوره 25 شماره 2
صفحات 41- 53
تاریخ انتشار 2021-03
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