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Ruscitti, Francesco [Author]; Dubey, Ram Sewak [Author]; Laguzzi, Giorgio [Author]

Decision-Making Under Risk : When Is Utility Maximization Equivalent To Risk Minimization?

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  • Media type: E-Book
  • Title: Decision-Making Under Risk : When Is Utility Maximization Equivalent To Risk Minimization?
  • Contributor: Ruscitti, Francesco [VerfasserIn]; Dubey, Ram Sewak [VerfasserIn]; Laguzzi, Giorgio [VerfasserIn]
  • imprint: [S.l.]: SSRN, 2023
  • Extent: 1 Online-Ressource (14 p)
  • Language: English
  • DOI: 10.2139/ssrn.4318160
  • Identifier:
  • Keywords: Rawlsian function ; maxmin expected utility with non-unique prior ; conservative coherent risk measure ; acts ; prudence axiom
  • Origination:
  • Footnote: Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments January 4, 2023 erstellt
  • Description: We consider a standard one-agent decision-making problem under risk and we address the following question: under what conditions is utility maximization equivalent to 'risk' minimization, where the measure of risk used by the decision-maker is a conservative coherent risk measure?
  • Access State: Open Access