Title :
Mixed risk aversion: Probabilistic and possibilistic aspects
Author_Institution :
Dept. of Economic Cybern., Acad. of Economic Studies, Bucharest, Romania
Abstract :
In this paper we introduce mixed risk premium, a notion which combines probabilistic and possibilistic aspects. This way the risk aversion of an agent faced with a situation of uncertainty with several parameters is modeled, among which some are probabilistic and some are possibilistic. The main result of the paper is a formula for the calculation of the mixed risk aversion. Our model can be applied for the study of risk aversion in grid computing.
Keywords :
grid computing; grid computing; mixed risk aversion; mixed risk premium; possibilistic aspects; probabilistic aspects; Biological system modeling; Fuzzy sets; Grid computing; Possibility theory; Probabilistic logic; Random variables; Uncertainty;
Conference_Titel :
Applied Machine Intelligence and Informatics (SAMI), 2011 IEEE 9th International Symposium on
Conference_Location :
Smolenice
Print_ISBN :
978-1-4244-7429-5
DOI :
10.1109/SAMI.2011.5738889
