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Risk-averse and risk-taking newsvendors: a conditional expected value approach

✍ Scribed by Werner Jammernegg; Peter Kischka

Book ID
107526593
Publisher
Springer-Verlag
Year
2007
Tongue
English
Weight
334 KB
Volume
1
Category
Article
ISSN
1863-6683

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## Abstract Our aim is to analyze the link between optimism and risk aversion in a subjective expected utility setting and to estimate the average level of optimism when weighted by risk tolerance. Its estimation leads to a non‐trivial statistical problem. We start from a large lottery survey (1536