id author title date pages extension mime words sentences flesch summary cache txt work_ss3vj3xrf5hvdkkxepa7mqhwrq H Orri Stefánsson What Is Risk Aversion? 2017 26 .pdf application/pdf 10897 628 67 trend towards introducing a special function� a risk function� that, in addition to a probability and a utility function, is used to represent attitudes to risky prospects: most notably in This allows us to model intrinsic attitudes to risks in terms of the form of the agent�s desirability function for chances of goods� thereby respecting the intuition that risk attitudes are a the phenomenology of risk attitudes than either orthodox expected utility theory or its contemporary rivals, our framework di¤ers from these theories in providing a uni�ed explanation probability functions, REU theory models rational agents as maximising risk-weighted expected Risk-weighted expected utility theory can allow for the possibility that two individuals with Risk-weighted expected utility theory can potentially account for the Allais preference in The second problem with risk-weighted expected utility theory is that even in those cases Informally put, risk averse people prefer goods (including chances) to be ./cache/work_ss3vj3xrf5hvdkkxepa7mqhwrq.pdf ./txt/work_ss3vj3xrf5hvdkkxepa7mqhwrq.txt