Year: 1998
Author: Albrecht, Peter, Maurer, Raimond, Möller, Matthias
Journal of Contextual Economics – Schmollers Jahrbuch, Vol. 118 (1998), Iss. 2 : pp. 249–274
Abstract
In the present paper decision models are examined which are based on the quantification of shortfall risk and as well excess chance with respect to a (financial) target. The focus of the paper is on the utility theoretic foundation of the respective models on the basis of the von Neuman- Morgenstern approach. A number of special cases of the general model conception are analysed in detail and as well economic applications treated in the literature are presentetd.
Journal Article Details
Publisher Name: Global Science Press
Language: Multiple languages
DOI: https://doi.org/10.3790/schm.118.2.249
Journal of Contextual Economics – Schmollers Jahrbuch, Vol. 118 (1998), Iss. 2 : pp. 249–274
Published online: 1998-02
AMS Subject Headings: Duncker & Humblot
Copyright: COPYRIGHT: © Global Science Press
Pages: 26
Author Details
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