𝔖 Bobbio Scriptorium
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SOME IMPLICATIONS OF UTILITY MAXIMIZING FIRMS: A NOTE

✍ Scribed by D. A. Peel


Book ID
110980931
Publisher
John Wiley and Sons
Year
1973
Tongue
English
Weight
161 KB
Volume
25
Category
Article
ISSN
0307-3378

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πŸ“œ SIMILAR VOLUMES


Catastrophe avoidance and risk aversion:
✍ Robert U. Ayres; Manalur S. Sandilya πŸ“‚ Article πŸ“… 1986 πŸ› Springer US 🌐 English βš– 644 KB

It is shown that von Neumann-Morgernstern (NM) expected utility maximization, as is currently practised, implies an upper bound on the percentage utility that can be sacrificed to reduce the probability or severity of a catastrophe. The major quantitative result of this paper is a simple tabular (an