Open AccessBook
Essays in the theory of risk-bearing
About:
The article was published on 1958-01-01 and is currently open access. It has received 3688 citations till now. The article focuses on the topics: Bearing (mechanical).read more
Citations
More filters
Book
The Capital Asset Pricing Model in the 21st Century: Analytical, Empirical, and Behavioral Perspectives
TL;DR: The CAPM cannot be rejected: empirical and experimental evidence as mentioned in this paper, and the M-V rule is not rejected: theoretical and empirical criticisms of the MV rule, the CAPM and the cumulative prospect theory.
Journal ArticleDOI
A dominance-based approach to map risks of ecological invasions in the presence of severe uncertainty.
TL;DR: A model-based approach to map risk of ecological invasions that generates more realistic predictions of long-distance introductions than models that do not account for severe uncertainties is presented and can help design more effective pest surveillance programmes.
Journal ArticleDOI
Freight transport demand revisited: A microeconomic view of multimodal, multicharacteristic service uncertainty and the demand for freight transport
TL;DR: In this article, an expected utility of profits model is posed that clarifies the conditions under which a system of equations (continuous) regression model should be used as opposed to the conditions that make a quantal choice model appropriate.
Journal ArticleDOI
Safety-First Criteria and Their Measures of Risk
TL;DR: A cardinal measure of risk which represents the safety-first criteria is defined in this article, and the functional form of that measure is determined for a subgroup of risk-averse agents that do not have money illusion.
Journal ArticleDOI
Behavioral optimal insurance
TL;DR: In this paper, the optimal insurance policy offered by an insurer adopting a proportional premium principle to an insured whose decision-making behavior is modeled by Kahneman and Tversky's Cumulative Prospect Theory with convex probability distortions is investigated.