Risk as a primitive: A survey of measures of perceived risk

被引:42
作者
Brachinger H.W. [1 ]
Weber M. [2 ]
机构
[1] Seminar für Statistik/Séminaire de Statistique, University of Fribourg, CH-1700 Fribourg
[2] Lehrstuhl für Allgemeine BWL, Finanzwirtschaft, University of Mannheim
关键词
Axiomatic measures of risk; Perceived risk; Risk judgement;
D O I
10.1007/BF01539781
中图分类号
学科分类号
摘要
The concept of risk is essential to many problems in economics and business. Usually, risk is treated in the traditional expected utility framework where it is defined only indirectly through the shape of the utility function. The purpose of utility functions, however, is to model preferences. In this paper, we review those approaches which directly model risk judgements. After a short review of naive risk measures used in earlier economic literature, we present recent theoretical and empirical developments. © Springer-Verlag 1997.
引用
收藏
页码:235 / 250
页数:15
相关论文
共 70 条
[1]  
Albrecht P., Normal and Lognormal Shortfall Risk, 2, pp. 417-430, (1993)
[2]  
Albrecht P., Zur Konzeptionalisierung von Risiko und Chance mit Anwendungen in den Finanz- Und Versicherungsmärkten, Recht und Ökonomie der Versicherung, pp. 1-22, (1996)
[3]  
Albrecht P., Dimensionen des versicherungstechnischen risikos, Risiko - Versicherung - Markt. Verlag Versicherungswirtschaft, pp. 325-339, (1996)
[4]  
Allais M., Le comportement de l'homme rationel devant le risque: Critique des postulats et axiomes de l'école americaine, Econometrica, 21, pp. 503-546, (1953)
[5]  
Aschenbrenner K.M., Expected risk and single-peaked preferences, Acta Psychologica, 42, pp. 343-356, (1978)
[6]  
Risiko Ist Ein Konstrukt, (1993)
[7]  
Bernoulli D., Specimen theoriae novae de mensura sortis, Commentarii Academiae Scientarum Imperialis Petropolitanae, 5, pp. 175-192, (1738)
[8]  
Bernoulli D., Exposition of a new theory on the measurement of risk, Econometrica, 22, pp. 23-36, (1954)
[9]  
Bowman E.H., Risk seeking by troubled firms, Sloan Management Review Summer, pp. 33-42, (1982)
[10]  
Brachinger H.W., Entscheidungen Bei Risiko: Kritik Am Bernoulli-Paradigma und Entscheidungstheoretische Fundierung des Sensitivitätsanalytischen Ansatzes, (1988)