An axiomatic theory of conjoint, expected risk
type: Item
instance of: scholarly article
title: An axiomatic theory of conjoint, expected risk
zbMATH Open document ID: 0596.92023
DOI: 10.1016/0022-2496(86)90013-1
author: R. Duncan Luce
author: Elke U. Weber
published in: Journal of Mathematical Psychology
publication date: 1986-01-01T00:00:00Z
review text: An axiomatization of subjective risk judgements that leads to a representation of risk in terms of seven free parameters is presented. This model differs from the earlier ones of the first author in two ways. First, it accepts the expected risk property. Secondly, it modifies the assumption about the impact of change in scale to take into account the fact that subjects seem to deal rather differently with the positive and negative outcomes.
reviewed by: V.E.Zhukovin
Mathematics Subject Classification ID: 91E99
Mathematics Subject Classification ID: 91B08
Mathematics Subject Classification ID: 91B16
zbMATH DE Number: 3961412
zbMATH Keywords: axiomatization of subjective risk judgements
zbMATH Keywords: expected risk property
zbMATH Keywords: change in scale
MaRDI profile type: Publication
full work available at URL: 0022-2496(86)90013-1
OpenAlex ID: W2100687826
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Wikidata QID: Q96379459
description: scientific article; zbMATH DE number 3961412