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Specific elements of correlation between infomation and risk

Author

Listed:
  • Alexandru MANOLE

    (“Artifex” University of Bucharest)

  • Emilia STANCIU

    (Bucharest University of Economic Studies)

  • Alexandru URSACHE

    (Bucharest University of Economic Studies)

Abstract

The aspects regarding the correlation between information and risk have been object of scientific research for a log time. Many scientists have analysed it both from the qualitative and quantitative point of view. This article aims to present a general model of using information in risk prevention and emphasize the value of information for risk-aversion decision makers.

Suggested Citation

  • Alexandru MANOLE & Emilia STANCIU & Alexandru URSACHE, 2016. "Specific elements of correlation between infomation and risk," Romanian Statistical Review Supplement, Romanian Statistical Review, vol. 64(1), pages 43-48, January.
    • Handle: RePEc:rsr:supplm:v:64:y:2016:i:1:p:43-48
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    References listed on IDEAS

    as
    1. Avinash K. Dixit & Robert S. Pindyck, 1994. "Investment under Uncertainty," Economics Books, Princeton University Press, edition 1, number 5474.
    2. Constantin Anghelache & Madalina-Gabriela Anghel, 2015. "Main aspects regarding some non-linear models used in economic analyses," Romanian Statistical Review Supplement, Romanian Statistical Review, vol. 63(9), pages 7-10, September.
    3. Treich, Nicolas, 1997. "Risk tolerance and value of information in the standard portfolio model," Economics Letters, Elsevier, vol. 55(3), pages 361-363, September.
    4. Kenneth J. Arrow & Anthony C. Fisher, 1974. "Environmental Preservation, Uncertainty, and Irreversibility," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 88(2), pages 312-319.
    5. Cremer, Jacques, 1982. "A simple proof of Blackwell's "comparison of experiments" theorem," Journal of Economic Theory, Elsevier, vol. 27(2), pages 439-443, August.
    6. Edward E. Schlee, 2001. "The Value of Information in Efficient Risk-Sharing Arrangements," American Economic Review, American Economic Association, vol. 91(3), pages 509-524, June.
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    Keywords

    information; risk;

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