1
Department of Statistics, University of Kurdistan
2
Mohiuddin Izadi
3
Department of Mathematics and Statistics, Florida International University
Abstract
One of the challenges facing decision makers in the fields of insurance and finance is choosing an appropriate criterion for making a decision. Mathematical expectation, expected utility, and distorted mathematical expectation are three common criteria in this field. In this article, we study these three criteria and, by providing examples, examine and compare decisions made based on each criterion.
Fathi Manesh, S., Izadi, M. & Khalidi, B. (2021). A study on the priority orders of mathematical expectation, expected utility, and distorted mathematical expectation. Andishe_ye Amari, 25(2), 41-53.
MLA
Fathi Manesh, S., Izadi, M., & Khalidi, B. "A study on the priority orders of mathematical expectation, expected utility, and distorted mathematical expectation", Andishe_ye Amari, 25, 2, 2021, 41-53.
HARVARD
Fathi Manesh S., Izadi M., Khalidi B. (2021). 'A study on the priority orders of mathematical expectation, expected utility, and distorted mathematical expectation', Andishe_ye Amari, 25(2), pp. 41-53.
CHICAGO
S. Fathi Manesh, M. Izadi & B. Khalidi, "A study on the priority orders of mathematical expectation, expected utility, and distorted mathematical expectation," Andishe_ye Amari, 25 2 (2021): 41-53,
VANCOUVER
Fathi Manesh S., Izadi M., Khalidi B. A study on the priority orders of mathematical expectation, expected utility, and distorted mathematical expectation. Andishe_ye Amari. 2021;25(2):41-53 (In Persian).
