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A Possibilistic Pratt Theorem

Irina Georgescu, A Possibilistic Pratt Theorem. TUCS Technical Reports 863, Turku Centre for Computer Science, 2008.

Abstract:

The possibilistic risk premium is defined in a possibilistic context, made by a utility function, a fuzzy number and a weighting function.
This notion measures the aversion to the possibilistic risk. The main result of the paper is a Pratt--type theorem on the possibilistic risk aversion. This result, combined with the Pratt theorem leads to a surprising conclusion: the aversion to the probabilistic risk is equivalent with the aversion to the possibilistic risk.

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BibTeX entry:

@TECHREPORT{tGeorgescu08a,
  title = {A Possibilistic Pratt Theorem},
  author = {Georgescu, Irina},
  number = {863},
  series = {TUCS Technical Reports},
  publisher = {Turku Centre for Computer Science},
  year = {2008},
  keywords = {fuzzy number, risk premium, possibility theory, risk aversion},
  ISBN = {978-952-12-2023-4},
}

Belongs to TUCS Research Unit(s): Other

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