Title :
Comparing possibilistically multidimensional risk aversions
Author :
Georgescu, Irina
Author_Institution :
Dept. of Econ. Cybern., Acad. of Econ. Studies, Bucharest, Romania
Abstract :
This paper is a contribution to the theory of multidimensional possibilistic risk aversion. The notion of possibilistic i-risk premium is defined as an indicator of possibilistic risk aversion of an agent faced with a situation with several risk parameters. We prove an approximate calculation formula for possibilistic i-risk premium and a possibilistic Hellwig-type theorem by which the risk aversions of two or more agents can be compared.
Keywords :
approximation theory; possibility theory; risk analysis; Hellwig-type theorem; approximate calculation; comparing possibilistically multidimensional risk aversions; i-risk premium; possibilistic risk aversion; Economics; Equations; Fuzzy sets; Mathematical model; Possibility theory; Probabilistic logic; Vectors;
Conference_Titel :
Computational Intelligence and Informatics (CINTI), 2011 IEEE 12th International Symposium on
Conference_Location :
Budapest
Print_ISBN :
978-1-4577-0044-6
DOI :
10.1109/CINTI.2011.6108496
