Decision under risk as a multicriteria problem
Author
Abstract
Suggested Citation
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Dillon, John L., 1971. "An Expository Review of Bernoullian Decision Theory in Agriculture: Is Utility Futility?," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 39(01), pages 1-78, March.
- Czogala, Ernest & Zimmermann, Hans-Jurgen, 1986. "Decision making in uncertain environments," European Journal of Operational Research, Elsevier, vol. 23(2), pages 202-212, February.
- David E. Bell, 1983. "Risk Premiums for Decision Regret," Management Science, INFORMS, vol. 29(10), pages 1156-1166, October.
- Gregory W. Fischer & Mark S. Kamlet & Stephen E. Fienberg & David Schkade, 1986. "Risk Preferences for Gains and Losses in Multiple Objective Decision Making," Management Science, INFORMS, vol. 32(9), pages 1065-1086, September.
- Shlomo Benartzi & Richard H. Thaler, 1999. "Risk Aversion or Myopia? Choices in Repeated Gambles and Retirement Investments," Management Science, INFORMS, vol. 45(3), pages 364-381, March.
- Jianmin Jia & James S. Dyer & John C. Butler, 1999. "Measures of Perceived Risk," Management Science, INFORMS, vol. 45(4), pages 519-532, April.
- Peter C. Fishburn, 1984. "Foundations of Risk Measurement. I. Risk As Probable Loss," Management Science, INFORMS, vol. 30(4), pages 396-406, April.
- David E. Bell, 1995. "Risk, Return, and Utility," Management Science, INFORMS, vol. 41(1), pages 23-30, January.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Løken, Espen & Botterud, Audun & Holen, Arne T., 2009. "Use of the equivalent attribute technique in multi-criteria planning of local energy systems," European Journal of Operational Research, Elsevier, vol. 197(3), pages 1075-1083, September.
- Bernroider, Edward W.N. & Schmöllerl, Patrick, 2013. "A technological, organisational, and environmental analysis of decision making methodologies and satisfaction in the context of IT induced business transformations," European Journal of Operational Research, Elsevier, vol. 224(1), pages 141-153.
- Salvatore Greco & Benedetto Matarazzo & Roman Słowiński, 2013. "Comments on: Multicriteria decision systems for financial problems," TOP: An Official Journal of the Spanish Society of Statistics and Operations Research, Springer;Sociedad de Estadística e Investigación Operativa, vol. 21(2), pages 268-274, July.
- Kabir, Golam & Tesfamariam, Solomon & Francisque, Alex & Sadiq, Rehan, 2015. "Evaluating risk of water mains failure using a Bayesian belief network model," European Journal of Operational Research, Elsevier, vol. 240(1), pages 220-234.
- Salvatore Corrente & Salvatore Greco & Benedetto Matarazzo & Roman Słowiński, 2016. "Robust ordinal regression for decision under risk and uncertainty," Journal of Business Economics, Springer, vol. 86(1), pages 55-83, January.
- Carpaneto, Enrico & Chicco, Gianfranco & Mancarella, Pierluigi & Russo, Angela, 2011. "Cogeneration planning under uncertainty. Part II: Decision theory-based assessment of planning alternatives," Applied Energy, Elsevier, vol. 88(4), pages 1075-1083, April.
- Bi, Kexin & Huang, Ping & Ye, Hui, 2015. "Risk identification, evaluation and response of low-carbon technological innovation under the global value chain: A case of the Chinese manufacturing industry," Technological Forecasting and Social Change, Elsevier, vol. 100(C), pages 238-248.
- Ricardo Bessa & Carlos Moreira & Bernardo Silva & Manuel Matos, 2014. "Handling renewable energy variability and uncertainty in power systems operation," Wiley Interdisciplinary Reviews: Energy and Environment, Wiley Blackwell, vol. 3(2), pages 156-178, March.
- Li-Hua Feng & Wei-Hu Hong & Zi Wan, 2010. "The application of fuzzy risk in researching flood disasters," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 53(3), pages 413-423, June.
- Swaminathan, Kritika & Venkitasubramony, Rakesh, 2024. "Demand forecasting for fashion products: A systematic review," International Journal of Forecasting, Elsevier, vol. 40(1), pages 247-267.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Yang, Jiping & Qiu, Wanhua, 2005. "A measure of risk and a decision-making model based on expected utility and entropy," European Journal of Operational Research, Elsevier, vol. 164(3), pages 792-799, August.
- Robert J. Aumann & Roberto Serrano, 2008.
"An Economic Index of Riskiness,"
Journal of Political Economy, University of Chicago Press, vol. 116(5), pages 810-836, October.
- Robert J. Aumann & Roberto Serrano, 2006. "An Economic Index of Riskiness," Working Papers 2006-20, Brown University, Department of Economics.
- Robert J. Aumann & Roberto Serrano, 2007. "An Economic Index of Riskiness," Discussion Paper Series dp446, The Federmann Center for the Study of Rationality, the Hebrew University, Jerusalem.
- Robert J. Aumann & Roberto Serrano, 2007. "An economic index of riskiness," Working Papers 2007-08, Instituto Madrileño de Estudios Avanzados (IMDEA) Ciencias Sociales.
- Robert J. Aumann & Roberto Serrano, 2006. "An Economic Index of Riskiness," Levine's Bibliography 321307000000000585, UCLA Department of Economics.
- Robert J. Aumann & Roberto Serrano, 2007. "An Economic Index of Riskiness," Levine's Bibliography 321307000000000836, UCLA Department of Economics.
- Robert J. Aumann & Roberto Serrano, 2007. "An Economic Index of Riskiness," Working Papers wp2007_0706, CEMFI.
- Felix Holzmeister & Jürgen Huber & Michael Kirchler & Florian Lindner & Utz Weitzel & Stefan Zeisberger, 2020.
"What Drives Risk Perception? A Global Survey with Financial Professionals and Laypeople,"
Management Science, INFORMS, vol. 66(9), pages 3977-4002, September.
- Holzmeister, Felix & Huber, Juergen & Kirchler, Michael & Lindner, Florian & Weitzel, Utz & Zeisberger, Stefan, 2019. "What Drives Risk Perception? A Global Survey with Financial Professionals and Lay People," OSF Preprints v6r9n, Center for Open Science.
- Felix Holzmeister & Jürgen Huber & Michael Kirchler & Florian Lindner & Utz Weitzel & Stefan Zeisberger, 2019. "What Drives Risk Perception? A Global Survey withFinancial Professionals and Lay People," Working Papers 2019-05, Faculty of Economics and Statistics, Universität Innsbruck.
- Jianmin Jia & James S. Dyer & John C. Butler, 1999. "Measures of Perceived Risk," Management Science, INFORMS, vol. 45(4), pages 519-532, April.
- Kaufmann, Christine & Weber, Martin, 2013. "Sometimes less is more – The influence of information aggregation on investment decisions," Journal of Economic Behavior & Organization, Elsevier, vol. 95(C), pages 20-33.
- Rihab Bedoui & Houda BenMabrouk, 2017. "CAPM with various utility functions: Theoretical developments and application to international data," Cogent Economics & Finance, Taylor & Francis Journals, vol. 5(1), pages 1343230-134, January.
- Christine Kaufmann & Martin Weber & Emily Haisley, 2013. "The Role of Experience Sampling and Graphical Displays on One's Investment Risk Appetite," Management Science, INFORMS, vol. 59(2), pages 323-340, July.
- Venkatraman, Srinivasan & Aloysius, John A. & Davis, Fred D., 2006. "Multiple prospect framing and decision behavior: The mediational roles of perceived riskiness and perceived ambiguity," Organizational Behavior and Human Decision Processes, Elsevier, vol. 101(1), pages 59-73, September.
- John Butler & James Dyer & Jiammin Jia, 2005. "An Empirical Investigation of the Assumptions of Risk-Value Models," Journal of Risk and Uncertainty, Springer, vol. 30(2), pages 133-156, January.
- Sergio Sousa, 2010. "Small-scale changes in wealth and attitudes toward risk," Discussion Papers 2010-11, The Centre for Decision Research and Experimental Economics, School of Economics, University of Nottingham.
- Howard Kunreuther & Erwann Michel-Kerjan, 2015. "Demand for fixed-price multi-year contracts: Experimental evidence from insurance decisions," Journal of Risk and Uncertainty, Springer, vol. 51(2), pages 171-194, October.
- Asen Ivanov, 2021.
"Optimal pension plan default policies when employees are biased,"
Journal of Public Economic Theory, Association for Public Economic Theory, vol. 23(3), pages 583-596, June.
- Asen Ivanov, 2019. "Optimal Pension Plan Default Policies when Employees are Biased," Working Papers 893, Queen Mary University of London, School of Economics and Finance.
- Young, Douglas & Lin, William & Pope, Rulon & Robison, Lindon & Selley, Roger, 1979. "Risk Preferences Of Agricultual Producers:Their Measurement And Use," Risk Management in Agriculture: Behavioral, Managerial, and Policy Issues, January 25-26, 1979, San Francisco, California 271459, Regional Research Projects > W-149: An Economic Evaluation of Managing Market Risks in Agriculture.
- John Beshears & James J. Choi & David Laibson & Brigitte C. Madrian, 2017.
"Does Aggregated Returns Disclosure Increase Portfolio Risk Taking?,"
The Review of Financial Studies, Society for Financial Studies, vol. 30(6), pages 1971-2005.
- John Beshears & James J. Choi & David Laibson & Brigitte C. Madrian, 2011. "Does Aggregated Returns Disclosure Increase Portfolio Risk-Taking?," NBER Working Papers 16868, National Bureau of Economic Research, Inc.
- Moshe Levy & Haim Levy, 2013.
"Prospect Theory: Much Ado About Nothing?,"
World Scientific Book Chapters, in: Leonard C MacLean & William T Ziemba (ed.), HANDBOOK OF THE FUNDAMENTALS OF FINANCIAL DECISION MAKING Part I, chapter 7, pages 129-144,
World Scientific Publishing Co. Pte. Ltd..
- Moshe Levy & Haim Levy, 2002. "Prospect Theory: Much Ado About Nothing?," Management Science, INFORMS, vol. 48(10), pages 1334-1349, October.
- Sancetta, A., 2005. "Copula Based Monte Carlo Integration in Financial Problems," Cambridge Working Papers in Economics 0506, Faculty of Economics, University of Cambridge.
- Andersen, Steffen & Harrison, Glenn W. & Lau, Morten Igel & Rutström, Elisabet E., 2014.
"Dual criteria decisions,"
Journal of Economic Psychology, Elsevier, vol. 41(C), pages 101-113.
- Andersen, Steffen & Harrison, Glenn W. & Lau, Morten Igel & Rutström, Elisabet, 2009. "Dual Criteria Decisions," Working Papers 02-2009, Copenhagen Business School, Department of Economics.
- Enrico G. De Giorgi & Thierry Post, 2011.
"Loss Aversion with a State-Dependent Reference Point,"
Management Science, INFORMS, vol. 57(6), pages 1094-1110, June.
- Enrico G. De Giorgi & Thierry Post, 2010. "Loss aversion with a state-dependent reference point," University of St. Gallen Department of Economics working paper series 2010 2010-23, Department of Economics, University of St. Gallen.
- Florina Salaghe & Dimitra Papadovasilaki & Federico Guerrero & James Sundali, 2020. "Temptation and Retirement Accounts: A Story of Time Inconsistency and Bounded Rationality," Athens Journal of Business & Economics, Athens Institute for Education and Research (ATINER), vol. 6(3), pages 173-198, April.
- Wellington Garikai Bonga & Ledwin Chimwai & Puruweti Siyakiya & Ireen Choga, 2022. "Stock Market Volatility in Zimbabwe Stock Exchange during Pandemic Period," Eurasian Journal of Economics and Finance, Eurasian Publications, vol. 10(2), pages 68-82.
Corrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:ejores:v:181:y:2007:i:3:p:1516-1529. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/eor .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.