[Home ] [Archive]   [ فارسی ]  
:: Main :: About :: Current Issue :: Archive :: Search :: Submit :: Contact ::
Main Menu
Home::
Journal Information::
Articles archive::
For Authors::
For Reviewers::
Registration::
Contact us::
Site Facilities::
::
Search in website

Advanced Search
..
Receive site information
Enter your Email in the following box to receive the site news and information.
..
:: Volume 25, Issue 2 (3-2021) ::
Andishe 2021, 25(2): 41-53 Back to browse issues page
A Study on Preference Orderings of Mathematical expectation, Expected Utility and Distorted Expectation
Sirous Fathi Manesh * , Muhyiddin Izadi , Baha-Eldin Khaledi
University of Kurdistan
Abstract:   (2099 Views)

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.

Keywords: Allais paradox, distortion function, St. Petersburg paradox, utility function, ‎‎‎‎‎‎.
Full-Text [PDF 307 kb]   (1578 Downloads)    
Type of Study: Research | Subject: Special
Received: 2021/01/11 | Accepted: 2021/03/17 | Published: 2021/03/18
Send email to the article author

Add your comments about this article
Your username or Email:

CAPTCHA


XML   Persian Abstract   Print


Download citation:
BibTeX | RIS | EndNote | Medlars | ProCite | Reference Manager | RefWorks
Send citation to:

Fathi Manesh S, Izadi M, Khaledi B. A Study on Preference Orderings of Mathematical expectation, Expected Utility and Distorted Expectation. Andishe 2021; 25 (2) :41-53
URL: http://andisheyeamari.irstat.ir/article-1-838-en.html


Rights and permissions
Creative Commons License This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
Volume 25, Issue 2 (3-2021) Back to browse issues page
مجله اندیشه آماری Andishe _ye Amari
Persian site map - English site map - Created in 0.11 seconds with 37 queries by YEKTAWEB 4645